Outcome of the Board Meeting

UrneiT1Wititl (8~~ ..... ils::1Rwl~J.i q;)'qft~r;r fi;lfilzs ('ITT«f~;m-q) ~~: 17, ;;,,:r~fG'jftc!V.ra, ~. ~-400 020 Deliverin~~ Happiness, Hindustan Petroleum Corporation Limited -'-......J- (A Govt. of India Enterprise) Regd. Office: 17, Jamshedji Tata Road, Churchgate, Mumbai -400 020 Ref.: Co.Secy./RKS/382/2026 October 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 letter Ref: Co.Secy/RKS/372/2026 dated October 12, 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 and Half Year ended on September 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 and Half Year ended September 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 02:30 p.m. and concluded at 04:40 p.m. This is for your information and records. Thanking you, Very truly yours, Rakesh Kumar Singh Company Secretary Encl: a/a 17, ""'~'l?;,;ft =r mi. $11 • 400 020 I ~...,...: 2286 3900 17,Jamshedjl Tata Road, Churchgate. Mumbai• 400 020 I Phone: 2286 3900 email: c:orphqo@hpcl.in I website: www.hindustanpetrolevm.com I CIN: L23201 MH1952GOJ008858 S K Patodia & Associates LLP Batliboi & Purohit Chartered Accountants Chartered Accountants (Converted into LLP w.ej December 15, 2023) 204, National Insurance Unit No. 202, 2nd Floor, Sumer Plaza, Maro!, Building, D. N. Road, Fort, Andheri (East) Mumbai -400059 Mumbai -400001 Independent Auditors' Review Report on Standalone Unaudited Financial Results of HINDUSTAN PETROLEUM CORPORATION LIMITED for the quarter and six months ended September 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 l. We have reviewed the accompanying statement of standalone unaudited financial results of HIND UST AN PETROLEUM CORPORATION LIMITED ("the Company") for the quarter and six months ended September 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 October 12, 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 October 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 13 3 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 Perfonned by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. 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 of interim financial info1mation 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 ofVisakh Refinery which is considered as a Branch and included in the Statement. These financial results reflect total assets of~ 49,081.46 Crore as at September 30, 2026, total revenues of ~ 30,726.32 Crore and ~ 67,228.57 Crore, total net profit/(loss) after tax of ~ 2,823.67 Crore and t 187.71 Crore and total comprehensive income/(loss) oft 2,823.67 Crore and t 187.71 Crore for the quarter and six months ended September 30, 2026, respectively, 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 perfotmed by us as stated in paragraph 3 above. 6. The Statement includes Company's proportionate share in the Jointly Controlled Expenses of t 0.23 Crore and t 0.95 Crore and Income oft 0.78 Crore and t 1.16 Crore for the quarter and six months ended September 30, 2026, respectively, and total assets oft 2.00 Crore and total liabilities oft 0.66 Crore in respect of 17 unincorporated Joint Operations, which have been included based on their unreviewed financial information. Our conclusion in respect thereof is solely based on their management certified infotmation [Showing first 8,000 characters — download PDF for full document]