Indian Oil Director Resigns Amid Son's Petrol Pump Dealership

Indian Oil Corporation Ltd. (IOCL), the country’s largest oil marketing company, announced that one of its independent directors has resigned. The decision comes after it was disclosed that the director’s son owns a petrol pump dealership, creating a potential conflict of interest. The resignation was accepted by the board on a unanimous basis. IOCL stated that it will continue to uphold its governance standards and that the director’s departure will not affect the company’s operations.