Key Quantitative Figures
- BSE imposed fine: ₹59,000 (including basic fine plus GST)
- NSE imposed fine: ₹59,000 (including basic fine plus GST)
- Total fines: ₹118,000
Dates of Action
- Date of fine imposition: June 30, 2026
- Date of delay intimation to exchanges: May 27, 2026
- Date of actual results submission: June 11, 2026
- Disclosure date: July 01, 2026
Parties Involved
- Hindustan Oil Exploration Company Limited (Listed Entity)
- BSE Limited (Stock Exchange)
- National Stock Exchange of India Limited (Stock Exchange)
Reason for Delay
The delay in submission of audited financial results for quarter and year ended March 31, 2026 was attributed to:
- Changes in Key Management Personnel (Managing Director and Chief Financial Officer)
- Changes in constitution of the Audit Committee
- Change in Statutory Auditors due to mandatory rotation requirement
Financial Impact
As explicitly disclosed: "There is no impact on the financial, operation or other activities of the Company due to levy of the said fine."
Current Status
- Company has submitted audited financial results (Standalone and Consolidated) to stock exchanges on June 11, 2026
- Company shall make payment of fines within timelines prescribed by stock exchanges
Additional Information
Disclosure signed by Baroruchi Mishra, Managing Director & CEO (DIN: 09223144) on July 01, 2026.