HOEC Board Approves FY26 Audited Financial Results

Hindustan Oil Exploration Company Ltd (HOEC) announced the outcome of its Board meeting held on June 11, 2026. The Board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, prepared as per Indian Accounting Standards (IND-AS). The Auditors' reports on these financial results were also taken on record. The company has made necessary adjustments related to its Crude Offtake and Sale Agreement (COSA) with a customer, including reversing previously recognized revenue and recording crude oil inventory at its estimated net realizable value.