Hindustan Oil Exploration Co clears CEO transition; Baroruchi Mishra to take charge from April 1

Hindustan Oil Exploration Company Ltd on Wednesday said that its Board has approved Baroruchi Mishra appointment as Managing Director & Chief Executive Officer from April 1, 2026, following resignation of Managing Director Ramasamy Jeevanandam.

The Board, at its meeting held on February 25, 2026, noted that Jeevanandam will cease to be Managing Director at the close of business hours on March 31, 2026.

Based on the recommendation of the Nomination and Remuneration Committee, the Board also approved Mishra’s appointment as Managing Director & CEO for a term of three consecutive years from April 1, 2026. His appointment will be subject to shareholder approval and he will be liable to retire by rotation. Following his resignation, the Board approved a change in designation of Baroruchi Mishra as a Non-Executive Non-Independent Director with effect from February 25, 2026, subject to shareholders’ nod. This follows his relinquishment of independent status in view of his proposed executive role.


The company had earlier, on January 23, 2026, informed stock exchanges that Jeevanandam had tendered his resignation and would continue until a successor was appointed. He has been associated with HOEC for over a decade, serving as Executive Director and Chief Financial Officer for more than eight years before taking over as Managing Director for the past two years.

At the January 23 meeting, the Board had also appointed Dr. Jagadip Narayan Singh as Additional Director (Non-Executive Independent) and Chairman for a five-year term, subject to shareholder approval through postal ballot.