Outcome of the Board Meeting

q41R;ilf~ R;tfttes ~~W14 cfiTql):,14 (A GOVERNMENT OF INOfA ENTERPRISE) REGISTERED OFACE : 17, JAMSHEOJI TATA ROAD. MUMBAI • 400 020. 11. ueqiNJI mi~.~ <iflRl 'i. • 11041, ~ • 400020. ¥'"'I · 22863900•'6lFII • 22872992 . t·IWI' : corphqo@hpci.in 17. Jamshedji Tata Road. P. 0. Box No .• I 1041, Mumbai• <400 020. Tel. : 2286 3900 • Fax : 2287 2992 • e-mail: corphqo@hpd.in CIN No.: l23201MHl952GOt008858 Ref.: Co.Secy./RKS/259/2026 July 22, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 500104 Sub.: Outcome of the Board Meeting National Stock Exchange of India Limited Exchange Plaza, 5th Floor,Plot No. C/1, G-Block, Bandra-Kurla Complex, Bandra East, Mumbai – 400 051 Scrip Name: HINDPETRO Dear Sir(s), Further to our letters Ref: Co.Secy/RKS/245/2026 dated July 13, 2026, we wish to inform that at the Meeting of the Board of Directors held today, the Board has, inter-alia, considered and approved the following: A. Unaudited Financial Results of the Company for the quarter ended on June 30, 2026: Pursuant to Regulation 30 read with Schedule III, Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”), Statements showing the Unaudited Financial Results (Standalone and Consolidated) of the Company for the Quarter ended June 30, 2026 along with Limited Review Report of the Auditors are attached herewith. B. Additional Disclosures: i. Disclosure on utilization of proceeds of NCD issued by the Company (Ref: Regulation 52 (7) and 52 (7A) of SEBI LODR). ii. Security Cover Disclosure indicating “NIL” Certificate with regard to Non-Convertible Debentures issued by the Company (Ref: 54 (3) of SEBI LODR). C. Statement of deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc.: Not applicable D. Format for disclosing outstanding default on loans and debt securities: NIL as there is no default in the payment of outstanding Loans/ revolving facilities, unlisted debt securities. The Meeting of the Board of Directors commenced at 02:50 p.m. and concluded at 04:50 p.m. This is for your information and records. Thanking you, Very truly yours, Rakesh Kumar Singh Company Secretary Encl: a/a SK Patodia & Associates LLP Batliboi & Purohit Chartered Accountants Chartered Accountants (Converted into LLP w.e.f December I 5, 2023) 204, National Insurance Unit No. 202, 2nd Floor, Sumer Plaza, Maro!, Building, D. N. Road, Fort, Andheri (East) Mumbai -400059 Mumbai -40000 I Independent Auditors' Review Report on Standalone Unaudited Financial Results of HINDUSTAN PETROLEUM CORPORATION LIMITED for the quarter ended June 30, 2026, pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report To the Board of Directors of HIND UST AN PETROLEUM CORPORATION LIMITED 1. We have reviewed the accompanying statement of standalone unaudited financial results of HINDUSTAN PETROLEUM CORPORATION LIMITED ("the Company") for the quarter ended June 30, 2026, (''the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (the "Listing Regulations") except for the disclosures regarding (a) Physical Performance disclosed in Part B of the Statement and (b) Average Gross Refining Margins stated in Note no. 4 of the Statement. This Statement includes the financial results of the Visakh Refinery of the Company as mentioned in the Other Matters paragraph below, which have been subjected to limited review by the Branch Auditor of the Company. The Branch Auditor's Limited Review Report dated July 10, 2026 was forwarded to us and the same has been dealt with in preparing this report, in the manner considered necessary by us. 2. This Statement which is the responsibility of the Company's Management, has been reviewed by the Audit Committee and approved by its Board of Directors in their meeting held on July 22, 2026, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013, as amended, read with the relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants oflndia. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review ofinterim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013, and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, and based on the consideration of the Branch Auditor's Limited Review Report referred to in paragraph below, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ("IND AS") specified under section 133 of the Companies Act,2013 as amended, read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India, has not disclosed the Page I of2 S K Patodia & Associates LLP Batliboi & Purohit Chartered Accountants Chartered Accountants information required to be disclosed in terms of the Listing Regulations, as amended, including the manner in which it is to be disclosed or that it contains any material misstatement. Other Matters 5. We did not review the financial results of Visakh Refinery which is considered as a Branch and included in the Statement. These financial results reflect total revenues oft 36,502.25 Crore, total net profit/(loss) after tax oft (2,635.96) Crore, and total comprehensive income/(loss) of t (2,635.96) Crore for the quarter ended June 30, 2026, as considered in the Statement. The financial results of this branch have been reviewed by the Branch Auditor and our conclusion in so far as it relates to the amounts and disclosures included in respect of this branch, is based solely on the Branch Auditor's Limited Review Report and the procedures performed by us as stated in paragraph 3 above. 6. The Statement includes Company's proportionate share in the Jointly Controlled Expenses of t 0. 72 Crore, and Income oft 0.38 Crore for the quarter ended June 30, 2026, in respect of 17 unincorporated Joint Operations, which have been included based on unreviewed financial information. Our conclusion in respect thereof is solely based on the management certified information. 7. The Company does not have the required number of independent directors on its Board, as stipulated under SEBI Listing Regulations 2015, for the period from April 01, 2026 to June 30, 2026 and up-to the date of this report. a) The standalone unaudited financial results of the Company for the quarter ended June 30, 2025; included in the Statement, were reviewed by the previous joint statutory auditors, one of which is predecessor audit firm and had expressed an unmodified conclusion [Showing first 8,000 characters — download PDF for full document]