Chennai: Chennai Petroleum Corporation Limited (CPCL) has appointed Ritesh Kumar Golchha as a Non-Executive Independent Director on its Board with effect from October 7, 2026.
The appointment has been made pursuant to a letter issued by the Ministry of Petroleum and Natural Gas (MoPNG). CPCL disclosed the appointment to the BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Ritesh Kumar Golchha Appointed to CPCL Board
According to the company’s disclosure, Ritesh Kumar Golchha has been appointed as a Non-Executive Independent Director of CPCL with effect from October 7, 2026.
The appointment follows the Ministry of Petroleum and Natural Gas.
CPCL said the appointment is part of the company’s Board-level governance process and has been made in accordance with the applicable regulatory requirements.
Read also: CPCL Q1 FY27 Results: Net Profit Surges to ₹1,016.67 Crore, GRM Climbs to $8.78 per Barrel
Ritesh Kumar Golchha: Professional Profile
Ritesh Kumar Golchha is a Chartered Accountant and Fellow Member of the Institute of Chartered Accountants of India (ICAI). He also holds a Bachelor’s degree in Commerce.
He has around 20 years of professional experience across financial consultancy, audit and assurance, project finance, taxation and corporate compliance.
Golchha is currently a Partner at M/s Premchand and Company, where he provides financial, taxation and corporate advisory services.
His professional experience includes:
- Financial consultancy, audit and assurance
- Project finance and financial planning
- Direct taxation and statutory audits
- Corporate compliance and advisory
- Advisory on government subsidies and fiscal incentives
His experience spans various aspects of financial and corporate advisory, including project financing, taxation matters, financial planning and regulatory compliance.
CPCL Confirms Eligibility for Independent Director Role
CPCL has confirmed that Ritesh Kumar Golchha is not related to any other Director on the company’s Board.
The company has also stated that he is not debarred from holding the office of director by any order of SEBI or any other authority.
These confirmations form part of the company’s regulatory disclosure regarding his appointment as an Independent Director.
Appointment Disclosed Under SEBI Regulations
CPCL informed the stock exchanges about the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure was digitally signed by Lalit Kumar Mohanty, Company Secretary, on October 7, 2026.
The company did not disclose any separate financial impact or operational changes arising from the Board appointment.
About Chennai Petroleum Corporation Limited
Chennai Petroleum Corporation Limited (CPCL) is an Indian petroleum refining company engaged in the refining of crude oil and production of petroleum products. The company operates in the downstream oil sector and is part of the IndianOil Group. CPCL has its major refining operations in Tamil Nadu and supplies various petroleum products to meet energy and industrial requirements.
