HOEC update on HEPI litigation - Bank Guarantee of Rs 15.12 crores furnished

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Price reactionminutes from the announcement price · days from the prior close

-6.1%Reaction day

₹150.95

prior close

₹150.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.7%-3.5% vs market

Oil peers, median of 15sector · industry level-2.7%-3.4% vs sector

On the reaction day the stock moved 3.5 pts less than Nifty Microcap 250 and 3.4 pts less than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-6.1-2.7-3.5-2.7-3.4

Next day

-7.2-3.5-3.7-4.6-2.6

-2.1-2.0-0.1-4.4+2.3

-3.3-4.1+0.8-4.2+0.9

-5.3-3.9-1.4-3.3-2.0

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+3.3-0.6+3.9-0.5+3.8

15d

+2.8+4.4-1.6+5.1-2.2

-12.2+1.3-13.5+1.9-14.1

-14.9-6.9-8.0+0.3-15.1

+0.5+4.6-4.1+8.1-7.6

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HOEC informed exchanges about an update on the enforcement petition filed by Hardy Exploration and Production (India) Inc. related to a Feb 2020 foreign arbitration award. The Madras High Court dismissed HEPI's interim relief application on October 28, 2025. HOEC has furnished a Bank Guarantee of Rs 15.12 crores as interim arrangement, matching the previously disclosed USD 1.16 million claim. This amount was already reported as contingent liability since FY 2020-21. Final liability remains subject to the Gujarat High Court outcome.

Likely market impact

Procedural update with no material impact on operations or financials. Final outcome pending Gujarat High Court decision.