Hindustan Petroleum Corporation Limited (HPCL) has scheduled its 74th Annual General Meeting (AGM) for Wednesday, August 26, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OVAM) starting at 11:00 A.M. IST. This virtual format ensures accessibility for all shareholders while complying with regulatory guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI).

The company notified stock exchanges on July 30, 2026, regarding the publication of newspaper advertisements announcing the AGM. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HPCL published notices in various newspapers to inform stakeholders about the upcoming event. These advertisements were also hosted on the company’s official website to ensure wide dissemination of information.

Key Details and Shareholder Instructions

Shareholders are required to register their email IDs and bank account mandates to participate effectively in the AGM processes. The method for registration depends on the type of shareholding:

The Integrated Annual Report for FY25-26 and the Notice of the AGM will be sent via email to members who have registered their email addresses with the company or their DPs. For members without registered email IDs, a letter containing a weblink to access the Integrated Annual Report will be dispatched. The documents will also be available on HPCL’s website, the NSDL e-voting portal, and the websites of BSE and NSE.

Voting Process

HPCL shareholders can exercise their voting rights through the remote e-voting facility provided by NSDL. Detailed instructions for joining the AGM via VC/OVAM and casting votes either before or during the meeting are included in the Notice of the AGM. This digital approach aims to streamline the voting process and enhance shareholder participation.

Rakesh Kumar Singh, Company Secretary of HPCL, signed the public notice dated July 29, 2026, confirming the arrangements. The company emphasized that all KYC updates, including email and bank account details, should be completed as per the guidelines provided in the AGM Notice to avoid any issues during dividend processing or voting.

Hindustan Petroleum Corporation reported a consolidated net loss of ₹12,265 crore for the quarter ended June 30, 2026, marking a sharp reversal from the net profit of ₹4,111 crore recorded in the corresponding period of the previous year. The significant decline was primarily attributed to increased operational costs, despite resilient performance in its refining and marketing segments. Revenue from operations for the quarter increased to ₹1,45,126 crore from ₹1,20,135 crore in Q1FY26, reflecting higher throughput and improved margins. In a filing dated July 29, 2026, HPCL submitted the transcript of its earnings conference call held on July 23, 2026, to BSE and NSE in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The standalone financial results mirrored the consolidated trend, with the company reporting a net loss of ₹11,526 crore for Q1FY27 compared to a net profit of ₹4,371 crore in the same quarter last year. A key driver for the revenue growth was the substantial improvement in refining margins. The Average Gross Refining Margin (GRM) before Export Cess for the quarter stood at US $23.80 per barrel, a significant increase from US $3.08 per barrel in the corresponding previous period.

Operational Highlights

HPCL’s refineries recorded a crude throughput of 6.52 MMT during Q1FY27, operating at 107% of capacity. The Visakh Refinery operated at 106% capacity with a throughput of 3.97 MMT, while the Mumbai Refinery operated at 108% capacity with a throughput of 2.55 MMT. Total sales volume, including exports, reached 13.12 MMT, representing a 0.6% increase year-on-year. The combined sale of Petrol (MS) and Diesel (HSD) grew by 8.1% to 8.8 MMT, indicating strong demand in core fuel segments.

Strategic Developments

Capital expenditure for Q1FY27 was ₹1,734 crore, focused on strengthening refining and marketing infrastructure. A major milestone was achieved when HPCL Rajasthan Refinery Limited (HRRL) declared scheduled commercial operation on June 22, 2026. Additionally, the company received in-principle approval from the Gujarat Maritime Board for all-weather operations of the HPLNG Chhara Terminal. HPCL also launched Samriddhi 2.0, an enterprise-wide programme targeting an EBITDA improvement of ₹1,500 crore, with ₹1,000 crore targeted as accrual for FY27.