Outcome of Board Meeting

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 November 06, 2026 By Online The Listing Department The Corporate Relationship Department National Stock Exchange of India Ltd., BSE Limited “Exchange Plaza”, Bandra Kurla Complex, 1st Floor, P. Jeejeebhoy Towers, Bandra (East), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Stock Code: HINDOILEXP Stock Code: 500186 Dear Sir / Madam, Sub: Outcome of the Board meeting held on November 06, 2026 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“SEBI Listing Regulations”) we wish to inform you that the Board of Directors had at their meeting held on November 06, 2026, based on the recommendation of the Audit Committee, inter alia, transacted the following items of business: 1. Approved the unaudited standalone and consolidated financial results of the Company as per Indian Accounting Standards (IND-AS) for the quarter and half year ended September 30, 2026. 2. Took on record the Limited Review Reports issued by the Statutory Auditors on the unaudited standalone and consolidated financial results of the Company for the quarter and half year ended September 30, 2026. Further, pursuant to Regulation 33 of SEBI Listing Regulations, we hereby submit the unaudited standalone and consolidated financial results of the Company as per IND-AS for the quarter and half year ended September 30, 2026 along with the Limited review reports issued thereon. Pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, we inform that the meeting of the Board of Directors of the Company commenced at 4.30 PM and concluded at 6.30 PM. The above information is also available on the website of the Company – www.hoec.com We request you to take the same on record. Yours Sincerely, For Hindustan Oil Exploration Company Limited Baroruchi Mishra Managing Director & CEO DIN: 09223144 Encl.: a/a 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 BSR&Co.LLP KRM Tower, 1st and 2nd Floors No. '1 , Harrington Road, Chetpet Chennai - 600 031, lndia Chartered Accountants Telephone: +91 44 4608 3100 Fax: +91 44 4608 3'199 Limited Review Report on unaudited standalone financial results of Hindustan Oil Exploration Company Limited for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Hindustan Oil Exploration Gompany Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Hindustan Oil Exploration Company Limited (hereinafter referred to as "the Company") for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 ("the Statement") (in which are included unaudited financial information of 12 unincorporated joint operations). This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34 "lnteim Financial Reportinj' ("lnd AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in lndia and in compliance with Regulation 33 of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of lnterim Financial Information Pefformed by the lndependent Auditor of the Entity", issued by the lnstitute of Chartered Accountants of lndia. A review of interim 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 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. Based on our review conducted as above, 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 lndian Accounting Standard and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. FoTBSR&Co.LLP f::; .::''i::: ^:i:# Fi rm's Res istration R Sundara Rajan Partner Chennai Membership No.:221822 06 November 2026 U Dl N:26221 B22WZQNDA4BB3 Registered Office: g S R & Co. (a partnorship fi m wilh Reglstration No. 9A6 1223) convorted into B S R & Co. LLP (a 14th Floor, Central B Wng and North C Wng,No8co lT Park 4, Nesco Limited Liability PartneFhip with LLP R€gieration No. MB-8181) with effeci frcm Oclober 14, 2013 Cenler, Westam Express Highmy, Gorogaon(East), irumbai - 400063 Page 1 of 1 Hindustan Oil Explonation Gompany Limited 'Lakshmi Ghambers', 192, St. Mary's Hoad, Alwarpet, Chennai- 6OO 018. lNDlA. H==EE @: 91 1o,441 66229000 o Fax: 91 l044l 66229011 / 66229,012 E-mail: contact@hoec.com o Website: uruvw.hoec.com GIN: L11'lOOGJ1996PLCO2988O Statement of Unaudited Standalone Financial Results for the quarter and six months ended September 30, 2026 (Amount in INR (t) lakhs except EPs) Sr. No. Particulars Quarter endcd six months endcd Year cndcd 5€pternber 30, June 30 2026 September 30, September 30, September 30, March 31, 2026 (Una2 0 u2 d6 ited) { Unaudited) (Una2 u0 d2 i5 tcd) (Un2 a0 u2 d6 i ted) (Una2 u0 d2 i5 ted) (Auditcd) lncome 1 Revenue from operations L4,747.95 fi,744.76 32,150.69 26,486.7r 40,498.76 28,802.59 2 Less; Profit petroleum/ Revenue sharingto Government of lndia 12,7s7.28]. (s82.66) (1,030.05) (3,739.54], (1,718.0s) (3,816.31) 3 Other income 867.01 1.936.69 689.22 2.803.70 L,226.69 2,47s.89 4 Total lncome (1+2+3) 12,851.68 t2,698,79 31,809.86 25,550.47 40,007,4O 27,462,17 5 Expenses a) Share of expenses from producing oil and gas blocks 4,435.6'l 4,525.39 4,6s1.35 8,961.06 to,23L.66 22,925.33 b) Royalty, Cess and National Calamity Contingent Duty 1,389.94 t,294.27 7,060.24 2,684.2t 2,273.O4 5,226.03 c) changes in inventory of crude oil and condensate 1,849.31 4,O94.54 22,755.42 s,943.85 21,233,06 (1s,911.s6) d) Employee benefit expense 747.52 7r.38 79.O2 218.90 38.00 394.03 e) Finance cost - Banks and Financial institutions 208.81 52.56 84.39 261.37 180.99 331.80 - Lease liabilities 15.07 15.07 - Unwinding of discount on decommissioning liability 233.29 233.39 284.26 466.68 568.52 I,r37.62 F) Depreciation, depletion and amortization 336.27 598.50 608.39 934.77 L,382.I5 3,O32.2L g) Other Expenses 430.66 575.04 442.88 1,005.70 626.8L 2,617.52 Iotal expenses (5) 9,046.54 L',,4/,5.O7 29,905.95 20,491.61 36,534.23 r9,752.98 6 Profit before exceptional items and tax (+5) 3,805.14 L,253,72 1,903.91 5,058.86 3,473.L7 7,709.t9 7 Exceotional ltems (refer note 5) 3.251.47 3.25r.47 Profit before tax (6+7) [Showing first 8,000 characters — download PDF for full document]