NSEAction(s) taken or orders passed4d ago · 17 Jul 2026, 09:17 pm
Action(s) taken or orders passed
Hindustan Oil Exploration Company Limited · HINDOILEXP
✦ AI SummaryRegulatory
Hindustan Oil Exploration Company Limited has received two orders from the State Tax Officer and Intelligence Division imposing penalties for non-payment of IGST under Reverse Charge Mechanism on legal services received from outside India. The company is in the process of filing revised returns and discharging the demands. The financial implications of the orders are not material and do not affect the company's financial position or operations.
Analysis Scores
Earnings Impact2/10
Growth Catalyst5/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment5/10
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Hindustan Oil Exploration Company Limited has informed the Exchange about Action(s) taken or orders passed
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Hindustan Oil Exploration Company Limited
‘Lakshmi Chambers’, 192, St. Mary’s Road, Alwarpet, Chennai - 600 018. INDIA.
Phone: 91 (044) 66229000 ● Fax: 91 (044) 66229011 / 66229012
E-mail: contact@hoec.com ● Website: www.hoec.com CIN: L11100GJ1996PLC029880
July 17, 2026 By Online
The Listing Department The Corporate Relationship Department
National Stock Exchange of India Ltd., BSE Limited
“Exchange Plaza”, Bandra Kurla Complex, Bandra 1st Floor, P. Jeejeebhoy Towers,
(East), Mumbai – 400 051 Dalal Street, Mumbai – 400 001
Stock Code: HINDOILEXP Stock Code: 500186
Dear Sir / Madam,
Sub: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Pursuant to the provisions of Regulation 30 read with Schedule III of SEBI Listing Regulations, we hereby disclose the
details as required under Clause 20 of Para A of Part A of Schedule III of SEBI Listing Regulations relating to Hindustan
Oil Exploration Company Limited (the “Company”).
Particulars Information / Remarks
State Tax Officer, (Legal & Adjudication), Chengalpattu
Name of the authority(s);
Intelligence Division, Chengalpattu.
The Company has received an Order from the Authority imposing
Nature and details of the action(s) /
Penalty of Rs. 317,358/- along with Tax demand and applicable
Order(s) passed
Interest.
Date of receipt of order from the
Order received by the Company on July 15, 2026
authority;
Details of the violation(s) / This issue pertains to the non-payment of IGST under Reverse
contravention(s) committed or alleged Charge Mechanism on legal services received by the Company
to be committed; from outside India during the period 2022-2023.
Impact on financial, operation or other The Company is in the process of filing a revised return and will
activities of the listed entity, discharge the demand raised by the Authority. Based on the
quantifiable in monetary terms to the assessment, the financial implications of the order are not material
extent possible and do not affect the Company's financial position or operations.
The Company was in the process of reviewing the contents of the
Reason for delay
order for determining further steps.
Particulars Information / Remarks
State Tax Officer, (Legal & Adjudication), Chengalpattu
Name of the authority(s);
Intelligence Division, Chengalpattu.
The Company has received an Order from the Authority imposing
Nature and details of the action(s) /
Penalty of Rs. 268,956/- along with Tax demand and applicable
Order(s) passed
Interest.
Date of receipt of order from the
Order received by the Company on July 13, 2026
authority;
Details of the violation(s) This issue pertains to the non-payment of IGST under Reverse
/contravention(s) committed or alleged Charge Mechanism on legal services received by the Company
to be committed; from outside India during the period 2020-2021.
Impact on financial, operation or other The Company is in the process of filing a revised return and will
activities of the listed entity, discharge the demand raised by the Authority. Based on the
quantifiable in monetary terms to the assessment, the financial implications of the order are not material
extent possible and do not affect the Company's financial position or operations.
The Company was in the process of reviewing the contents of the
Reason for delay
order for determining further steps.
We request you to kindly take our aforesaid submission on record.
Yours Sincerely,
For Hindustan Oil Exploration Company Limited
Baroruchi Mishra
Managing Director & CEO
DIN: 09223144
Registered Office: ‘HOEC HOUSE’, Tandalja Road, Off Old Padra Road, Vadodara - 390 020. INDIA.
Phone: 91 (0265) 2330766 ● E-mail: contact@hoec.com ● Website: www.hoec.com