BPCL Appoints Vedveer Arya as Additional Director; Sushma Agarwal Completes Tenure
Mumbai, March 10, 2026: Bharat Petroleum Corporation Limited (BPCL) has announced changes to its Board of Directors, including the appointment of Vedveer Arya as an Additional Director and the completion of tenure of Independent Director Sushma Agarwal.
The update was disclosed to BSE Limited and the National Stock Exchange of India in compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Vedveer Arya Appointed to BPCL Board
BPCL stated that the Ministry of Petroleum and Natural Gas, Government of India, has nominated Vedveer Arya to the company’s board for a three-year term on a co-terminus basis or until further orders.
Accordingly, Arya has been appointed as an Additional Director with effect from March 9, 2026.
He currently serves as Additional Secretary and Financial Advisor (AS&FA) in the Ministry of Petroleum and Natural Gas.
Professional Background
Vedveer Arya is a 1997 batch officer of the Indian Defence Accounts Service (IDAS) and holds a Master’s degree from University of Delhi.
Over the course of his career, he has held several senior positions within the Government of India, including:
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Joint Secretary & Additional Financial Adviser (R&D) at the Ministry of Defence
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Integrated Financial Adviser to Southern Naval Command in Kochi and Southern Air Command in Thiruvananthapuram
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Director (Finance) at the Defence Research and Development Organisation (DRDO) in Hyderabad, where he worked on programmes including the Agni Missile project and other tactical missile systems.
He is also known for authoring several books on Indian history and mathematics.
The company confirmed that Arya is not debarred from holding the office of director by SEBI or any other authority and does not have any relationship with other directors or key managerial personnel at BPCL.
Also Read: BPCL Announces Key Senior Management Changes with Executive Retirements
Independent Director Sushma Agarwal Completes Tenure
Meanwhile, Dr. (Smt.) Sushma Agarwal has ceased to be an Independent Director of BPCL with effect from March 10, 2026, following the completion of her tenure on the board.
BPCL thanked her for her contributions during her term as an independent director.
About BPCL:
Bharat Petroleum Corporation Limited is a Maharatna public sector enterprise under the Government of India and one of the country’s leading oil and gas companies. The company operates a vast network of refineries, fuel retail outlets, LPG distribution systems, and aviation fuel services across India.
BPCL operates major refineries in Mumbai and Kochi, and plays a key role in India’s energy infrastructure by supplying petroleum products nationwide. The company is also expanding into renewable energy, biofuels, and clean energy initiatives as part of its long-term energy transition strategy.