Hindustan Oil Exploration Company Limited has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) on May 4, 2026, for delayed compliance with disclosure obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations). The warning was communicated via email at 14:59 IST and was disclosed to the stock exchanges by the company on May 5, 2026, pursuant to Regulation 30 of the Listing Regulations.

Background: Interim Orders and Disclosure Obligation

The matter relates to interim orders passed by the Hon'ble High Court of Madras concerning a foreign arbitral award. SEBI noted that the High Court passed ad-interim orders on September 16, 2025, and October 28, 2025. The ad-interim order dated September 16, 2025, was granted until October 7, 2025. Subsequently, an interim order was passed on October 28, 2025, directing the company to furnish a Bank Guarantee of ₹15.12 crore, which is to remain in force until final orders are passed in the pending proceedings before the Gujarat High Court.

SEBI observed that the mandated Bank Guarantee amount of ₹15.12 crore exceeded the applicable materiality threshold of the company under Regulation 30(4)(c) of the LODR Regulations, thereby making timely disclosure mandatory.

Nature of the Violation

The key regulatory concern cited by SEBI was the significant delay in disclosing the October 28, 2025 interim order. The disclosure was filed with the exchanges only on January 19, 2026—a delay of 83 days—and only after intervention by SEBI and the Exchange. This was found to be in violation of Regulation 30(6) and 30(7), which mandate that listed entities provide regular updates on material developments until the event is resolved or closed.

The following table summarises the key details of the regulatory action:

Company's Response and Commitments

Hindustan Oil Exploration has confirmed that the administrative warning carries no impact on the financial, operational, or other activities of the company. No penalty, restriction, or sanction has been imposed pursuant to the communication.

The company, through its Managing Director & CEO Baroruchi Mishra, has stated that it shall ensure due compliance with the applicable regulations and exercise due caution to avoid recurrence of such events. The company has also been advised by SEBI to place this communication and the corrective steps taken before its Board of Directors, and to disseminate a copy of the communication on the stock exchanges where it is listed.

SEBI's Advisory

In its warning letter, SEBI stated that the violations have been viewed very seriously and advised the company to improve its compliance standards. SEBI further cautioned that failure to avoid recurrence of such instances may result in appropriate enforcement action in accordance with the provisions of the Securities and Exchange Board of India Act, 1992, and the Rules and Regulations framed thereunder. The warning was issued by the Deputy General Manager, Corporation Finance Department, Division of Supervision, Enforcement & Complaints-4.

Hindustan oil exploration Company Limited has filed its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The submission was made to both the National Stock Exchange of India and BSE Limited on April 10, 2026, fulfilling mandatory regulatory requirements.

Regulatory Compliance Submission

The company submitted the certificate in compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. This quarterly filing is a mandatory requirement for listed companies to confirm proper handling of securities dematerialization processes.

Registrar and Transfer Agent Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, issued the compliance certificate as the company's Registrar and Share Transfer Agent. The certificate confirms that all securities received from depository participants for dematerialization during Q4FY26 were properly processed within prescribed timelines.

The registrar confirmed that security certificates received for dematerialization were duly verified, mutilated, and cancelled after proper verification by depository participants. The names of depositories were substituted in the register of members as registered owners within the mandated timeframes.

Stock Exchange Communication

The submission was made simultaneously to both major Indian stock exchanges where the company's shares are listed. The communication was addressed to the Listing Department of NSE and the Corporate Relationship Department of BSE Limited.

Corporate Governance

G. Josephin Daisy, Company Secretary and Compliance Officer, signed the submission on behalf of Hindustan Oil Exploration Company Limited. The document was digitally signed on April 10, 2026, at 17:15:02 +05'30', demonstrating the company's commitment to timely regulatory compliance and proper corporate governance practices.