HINDUSTAN OIL EXPLORATION CO.LTD.

Hindustan Oil Exploration Company Ltd (HOEC) has been fined a total of ₹1.18 lakh by BSE Limited and the National Stock Exchange of India Limited for the delayed submission of its audited financial results for the quarter and year ended March 31, 2026. The company cited changes in Key Management Personnel, including the Managing Director and CFO, a change in the Audit Committee, and the mandatory rotation of Statutory Auditors as reasons for the delay. HOEC had previously informed the stock exchanges about the anticipated delay on May 27, 2026. The audited financial results were subsequently submitted on June 11, 2026. The company will pay the fines within the stipulated timelines. HOEC states that the fines have no impact on its financial, operational, or other activities.

Hindustan Oil Exploration Company Ltd (HOEC) announced the retirement of Non-Executive Independent Director, Mr. Pronip Kumar Borthakur, effective June 14, 2026, upon completion of his two consecutive five-year terms. The Board expressed appreciation for his contributions. Following his retirement, the Board has re-constituted its sub-committees, including the Audit Committee, Nomination & Remuneration Committee, Corporate Social Responsibility Committee, and Risk Management Committee, with updated compositions effective the same date. Details of the committee changes are provided in Annexure B.

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.

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.

Hindustan Oil Exploration Company Ltd (HOEC) has temporarily stopped gas sales from its B-80 field to conduct asset integrity-related maintenance. This preventive and corrective action is aimed at ensuring safe, reliable, and efficient operations. While oil sales continue at reduced rates, the company expects to notify stock exchanges upon the resumption of gas sales. The impact of this temporary disruption on production is deemed not material and is covered by insurance.

Hindustan Oil Exploration Company Ltd has announced that its Board of Directors will convene on June 11, 2026. The primary agenda item for this meeting is to consider and approve the audited standalone and consolidated financial results for the quarter and the full financial year ended March 31, 2026. This meeting is a crucial step before the official declaration of the company's financial performance for the period.

The company has announced that its Investors Earnings Call is scheduled for June 12, 2026. This call will focus on the audited financial statements for the quarter and the full financial year ended March 31, 2026. The company will disseminate the official earnings call invite in due course, requesting stakeholders to take note of this important event.

Hindustan Oil Exploration Company Ltd (HOEC) has announced a delay in submitting its audited financial statements for the financial year 2025-26, citing changes in Key Management Personnel (Managing Director & CEO, CFO), Audit Committee composition, and Statutory Auditors due to mandatory rotation after the financial year end. The Board meeting to approve the statements is scheduled for June 11, 2026. The trading window remains closed from April 1, 2026, until 48 hours after the declaration of results.

Hindustan Oil Exploration Company Ltd (HOEC) and Hindustan Petroleum Corporation Limited (HPCL) have agreed to refer disputes arising from the crude oil supply transaction from the B-80 field to conciliation. A former Chief Justice of the High Court will oversee the resolution process. Consequently, the original invoice raised by HOEC on HPCL has been cancelled, and HOEC has initiated the process to dispose of the crude oil.

Hindustan Oil Exploration Company Ltd (HOEC) has announced the commencement of resale of B-80 crude oil cargo to a third-party buyer. The B-80 crude is currently stored in HPCL's Mumbai Refinery storage tanks, commingled with other crudes. HOEC and HPCL are continuing discussions to reach an amicable resolution regarding the matter.