HOEC Announces 42nd AGM, Proposes Borrowing Limit Hike

Hindustan Oil Exploration Company Ltd (HOEC) has announced its 42nd Annual General Meeting (AGM) to be held on September 25, 2026, via Video Conferencing. The company will present the audited standalone and consolidated financial statements for the fiscal year 2025-26. A key agenda item is the proposed increase in the company's borrowing limits from ₹750 Crores to ₹1,000 Crores, subject to shareholder approval. This move aims to enhance the company's financial flexibility for future growth and operations. Additionally, the appointment of a director retiring by rotation and the approval for creating charges on company assets to secure borrowings will be discussed.