Mangalore Refinery and Petrochemicals Limited announced changes in the Key Managerial Personnel (KMP) of the Company pursuant to Regulation 30(2) with sub- regulation 7 (Para- A) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been intimated vide letter dated May 26, 2023 viz., appointment of Shri Vivek Chandrakant Tongaonkar (DIN: 10143854) as Chief Financial Officer (CFO) in place of Shri Yogish Nayak S with effect from May 24, 2023. Term of appointment: 5 years. Shri Vivek Chandrakant Tongaonkar started his carrier in ONGC in March, 1987.

An Engineering Graduate from the college of Engineering, Pune he started his carrier as an Assistant Executive Engineer (Electrical) and worked in the Engineering and Cobstruction division of ONGC during the first decade of his carrier. During this period he gained rich experience in the design, engineering, fabrication, installation, pre-commissioning and commissioning of off-share facilities like well-platforms, process-platforms and pipelines. He enrolled for full time MBA (Finance) programe in the symbiosis institute of business management, Pune by availing leave for higher education.

After completion of the program, he laterally shifted to the Finance Discipline in ONGC. He is an industry veteran with over 36 years of professional experience in diverse activities across the exploration and production (E&P) value chain. He grew up along the hierarchy and served in different capacities in ONGC.

He had extensive experience in accounts, audit, budget, treasury and investment, capital investments, commercial and marketing, taxation, jv finance and strategy. He was head of investors' relation cell of ONGC. As ED Chief Corporate Finance of ONGC, he handled the crucial portfolios of finance in the organization and steering the organization in its transformation journey.

Before being appointed as the Executive Director - Chief Corporate Finance, he held the position CFO, ONGC from April, 2021 to December, 2021. Prior to that he was the Executive Director - Chief OFF-shore finance at Mumbai overseeing the finance functions of Mumbai region which is ONGCs biggest operational and revenue area. He also took the initiative of centralizing the forex procurement which has resulted in substantial savings for the company.

Under his dynamic leadership, Mumbai finance team could deliver uninterrupted services during the challenging covid times.