Hindustan Petroleum Corporation Limited (HPCL) informed exchanges through a BSE filing on August 17, 2026, that Shri Amol Babulal Taori had been relieved from the company’s services following an HPCL management change. The decision took effect at the close of business hours on the same day.

Taori was serving as Executive Director (In-Charge) – International Trade at HPCL. The company said he was relieved to enable him to assume charge as Director (Finance) at Power Grid Corporation of India Limited.

Move follows Ministry of Power order

According to the regulatory disclosure, the transition is in line with the Government of India’s Ministry of Power Order No. 25-11/3/2025-PG, dated August 12, 2026. HPCL did not disclose further details about the timing of Taori’s assumption of charge at Power Grid Corporation in this filing.

The filing set out the management development in two related steps:

  • Taori was relieved from HPCL’s services at the close of business hours on August 17, 2026.
  • Consequently, he ceased to be a Senior Management Personnel of HPCL from the same time.

The disclosure records his departure from HPCL’s senior management and the stated reason for the release. It does not name a successor for the Executive Director (In-Charge) – International Trade position.

Disclosure made under SEBI listing rules

HPCL submitted the information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which covers disclosures of specified corporate developments by listed entities.

The communication was addressed to BSE Limited and the National Stock Exchange of India Limited. HPCL is identified on the exchanges by BSE scrip code 500104 and NSE scrip name HINDPETRO. Company Secretary Rakesh Kumar Singh signed the filing.

The announcement is limited to the change in senior management. It does not provide financial figures, compensation details, operational implications or information about any further management appointments at HPCL.

Source: BSE corporate announcement.