Hindustan Oil Exploration Company Limited has informed the Exchange regarding 'Change of Investor Relations Advisor'.
HINDOILEXP · price
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Hindustan Oil Exploration Company Limited (HOEC) has appointed Ernst & Young LLP, New Delhi, as its new Investor Relations Advisor, replacing Valorem Advisors, effective May 16, 2025. The engagement is for providing Investor Relations Consulting Services to the company. EY has no shareholding in HOEC, and the agreement carries no special rights such as board nomination or share subscription privileges. The arrangement is not a related-party transaction and is signed by Company Secretary G. Josephin Daisy. The new point of contact for investor queries is Mr. Diwakar Pingle, Head of Investor Relations Advisory at EY.
This is a routine administrative change in external service providers with no material impact on the company's financials, operations, or shareholders. It may slightly improve the quality and visibility of investor communications given EY's brand reputation, but is unlikely to move the stock price.