Hindustan Oil Exploration Company Limited — Important, 19-12-2024: General Updates

Changes in the Directorate have been finalized, with Ms. Sharmila Hiralal Amin completing her tenure as Non-Executive Independent Director on December 16, 2024. Her retirement follows two successful five-year terms, and the Board expressed gratitude for her contributions. To fill the vacancy, Mrs. Bhavani Balasubramanian has been appointed as an Additional Director (Non-Executive Independent) effective December 17, 2024, pending formal shareholder approval via postal ballot. Mrs. Balasubramanian brings extensive experience as a former Audit and Assurance Partner at Deloitte India and is well-versed in corporate governance. This transition should strengthen the Board's expertise and oversight capabilities, which could positively impact investor sentiments.