Hindustan Oil Exploration Company Limited has announced the closure of its trading window for dealing in shares, effective October 1, 2026. This measure is implemented in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.

The restriction applies to Directors, employees, and other Designated Persons of the company. The window will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter and half year ending September 30, 2026.

Regulatory Compliance Details

The company filed this intimation with both the National Stock Exchange of India Ltd. and BSE Limited on September 30, 2026. The closure ensures that insiders do not trade while in possession of unpublished price-sensitive information regarding the upcoming financial performance.

Key Timeline

The Company Secretary and Compliance Officer, G. Josephin Daisy, signed the digital submission confirming these details for regulatory record.

Hindustan Oil Exploration Company Limited held its 42nd Annual General Meeting on September 25, 2026, where shareholders approved a special resolution to increase the company's borrowing limits from ₹750 crore to ₹1,000 crore.

The meeting was conducted via Video Conference and Other Audio Visual Means in compliance with MCA and SEBI circulars. A total of 57 public shareholders attended through video conferencing, out of 89,954 shareholders as on the cut-off date. All directors were present except Mr. Ashok Kumar Goel, who was granted leave of absence.

Voting results and resolution details

The company has submitted the voting results for the businesses transacted at the AGM pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report confirms that all six resolutions were passed with requisite majority.

Key voting statistics

For Resolution 3, which sought the increase in borrowing limits, 90.25% of the votes polled were in favour, while 9.75% were against. The total number of votes cast in favour stood at 38,850,363, compared to 4,199,508 votes against.

Resolution 5, regarding investments and loans exceeding Section 186 limits, saw slightly more dissent, with 93.85% voting in favour and 6.15% against. Institutional holders voted unanimously in favour of most resolutions, while public shareholders showed minor dissent on the borrowing and investment limit expansions.

Audit and compliance updates

The Chairman informed members that the Statutory Auditor's Report did not contain any qualification, reservation, or adverse remark, with one exception. Material weaknesses were identified in the Company's Internal Financial Controls over Financial Reporting. The Board of Directors provided explanations regarding these weaknesses in their report, which were read at the AGM.

The Secretarial Audit Report for FY26 was unqualified. M/s S. Sandeep & Associates, Practicing Company Secretaries, supervised the e-voting process. The voting results have been declared and submitted to stock exchanges as required under Regulation 44 of SEBI (LODR) Regulations, 2015.