Hindustan Oil Exploration Company Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Hindustan Oil Exploration Company Limited (HOEC) has announced the results of its postal ballot conducted via remote e-voting between June 1 and June 30, 2025. Two special resolutions were passed with overwhelming shareholder support: appointment of Mr. Baroruchi Mishra (DIN: 09223144) and Mr. Suresh Kumar Jain (DIN: 05103064) as Non-Executive Independent Directors. Both resolutions received 99.98% votes in favor and just 0.02% against, with about 32.84% of outstanding shares participating in voting. Out of 94,427 eligible shareholders as on the cut-off date (May 23, 2025), around 275 members cast valid votes for each resolution. The Scrutinizer confirmed that both resolutions were passed with the requisite majority as required under the Companies Act, 2013.
This is a routine corporate governance update with no material impact on the stock price. The near-unanimous approval reflects strong shareholder confidence in the board appointments, and the addition of two independent directors will strengthen the board's oversight function.