HOEC Approves Audited FY26 Financial Results

Hindustan Oil Exploration Company Ltd (HOEC) announced that its Board of Directors, following a recommendation from the Audit Committee, has approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company also took on record the auditors' reports on these financial statements. The results were prepared in accordance with Indian Accounting Standards (IND-AS). The filing also noted a specific adjustment related to a Crude Offtake and Sale Agreement (COSA) with a customer, where revenue was reversed and crude oil inventory was revalued.