Hindustan Oil Exploration Company Limited has commenced the resale of its B-80 crude oil cargo to a third-party buyer, marking a key development in its ongoing matter with HPCL. The disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was signed by Managing Director & CEO Baroruchi Mishra and submitted to the stock exchanges for record.

B-80 Crude Oil Matter: Key Developments

The following table summarises the key details of the latest disclosures:

Resale of B-80 Crude Oil

In continuation of earlier disclosures relating to the supply of crude oil from the B-80 field to HPCL, Hindustan Oil Exploration Company has informed the exchanges that the resale of B-80 crude oil cargo to a third-party buyer has begun. The B-80 crude is currently stored in HPCL's Mumbai Refinery storage tanks in a commingled state with other crudes. The company has requested the stock exchanges to take the submission on record.

Constructive Engagement with HPCL

Hindustan Oil Exploration Company and HPCL continue to engage constructively and are working towards an amicable resolution of the matter. This development reflects an ongoing effort by both parties to address outstanding issues related to the B-80 crude oil supply in a structured manner.

Hindustan Oil Exploration Company Limited has announced the appointment of Ms. Preeti Grover (DIN: 00128513) as an Additional Director (Non-Executive Independent) on its Board, effective May 12, 2026. The appointment was made through a circular resolution of the Board of Directors dated May 12, 2026, following recommendations from the Nomination and Remuneration Committee, and is subject to the approval of the Company's shareholders in due course. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The key parameters of Ms. Preeti Grover's appointment are outlined below:

Profile of Ms. Preeti Grover

Ms. Preeti Grover, aged 53 years, is a seasoned corporate professional and a Fellow Member of the Institute of Company Secretaries of India (ICSI). She is the Founder of PG & Associates, a peer-reviewed firm specialising in Secretarial Audit, and is a practicing Company Secretary with nearly 30 years of diverse professional experience.

Her professional background includes the following key highlights:

• Regional Council Member of the Northern India Regional Council (NIRC) of ICSI for the term 2023–2026
• First Female Treasurer of NIRC-ICSI in the year 2023
• Managing Committee Member of the Noida Chapter of ICSI for the term 2019–2022
• Chairperson of the Noida Chapter of ICSI for the year 2021
• Served as Company Secretary at Havells India Limited
• Worked with the Board Secretariat of Oriental Bank of Commerce prior to establishing her practice
• Currently serves as an Independent Director on the boards of Precision Electronics Limited, IL&FS Engg & Construction Limited, and Roadstar Investment Managers Limited

Academic Qualifications

Ms. Preeti Grover holds an Honours Graduate in Law from the University of Delhi, a Master's in Commerce, and an Honours Graduate in Commerce. She is also a Fellow Member of ICSI.

Regulatory Compliance

The appointment has been made in accordance with Regulation 30 of the SEBI Listing Regulations, read with applicable SEBI Circulars. Ms. Grover has been confirmed as not debarred from holding the office of Director by SEBI, the Ministry of Corporate Affairs, or any other statutory authority. The detailed disclosure, including her brief profile as required under Part A of Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been made available on the Company's website at www.hoec.com .