ONGC : CLARIFICATION ON US LICENCE TO RESUME VENEZUELA OPERATIONS

• ONGC Videsh Limited (OVL) has two assets in Venezuela: San Cristobal and Carabobo-1. • OVL pursued license authorisation from OFAC-USA, receiving go-ahead in July 2026. • Framework agreements for further action are under discussion with stakeholders. • No material movement has been noticed in the share price of the Company. • Operational or financial impact cannot be determined at this stage. Impact: Neutral (Company confirms receiving US licence for Venezuela operations, but impact is undetermined.)

Oil & Natural Gas Corporation Limited

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