01 September 2017

A meeting of the Board of Directors of the Company is being convened on Saturday, 09 September 2017 to consider and adopt, inter-alia, the Unaudited Financial Results of the Company for the Quarter ended 30 June 2017.

Further in terms of SEBI (Prohibition of Insider Trading) Regulations 2015, the Trading Window of the Company will remain closed from 01 September 2017 to 11 September 2017 (both days inclusive) in connection with the ensuing Board Meeting.


18 August 2017

We are pleased to announce the appointment of Mr. Raman Sidhu as an Independent Director of the Company w.e.f. 18 August 2017.

Mr. Sidhu has had an illustrious career in Banking and Finance, having served as a Senior Director & Board Director – HSBC Securities & Capital Markets (India) and as Director Fidelity Fund Management & Barclays Bank PLC.

He has also served as an Independent Director on several Boards, including BHEL, NHPC and India Infrastructure Finance Company Ltd. (IIFCL).

Mr. Sidhu is a member of FICCI - National Executive Committee and a member of the Board of YPO – Gold, South Asia.

Mr. Sidhu is a qualified Chartered Accountant from the Institute of Chartered Accountants in England and Wales (ICAEW) and is a Fellow of the Institute of Chartered Accountants of India (ICAI), and resides in the NCR region.

We are pleased to welcome Mr. Sidhu (DIN : 00121906) to the Board of Directors and look forward to a long and productive association with him at the Company.


11 August 2017

Annual General Meeting Voting Results - 2017


10 August 2017

The Thirty Second Annual General Meeting of Shareholders of the Company convened today, 10 August 2017 at Ashok Country Resort, Rajokri Road, Kapashera, New Delhi – 110037.


8 August 2017

Mr. V. B. Mahajan, a member of the Board of Directors of the Company, passed away peacefully on 05 August 2017.

Mr. Mahajan had been a member of the Board for over 22 years, since 1995, and was the senior most member of the Board of Directors.

He has seen the Company grow from its very early stages, and provided the Company most valuable advice and guidance on finance and strategy, and on matters of Corporate Governance.

He will be remembered by his colleagues as a thorough professional, for his mild and warm nature, and for his tremendous understanding of Ayurveda.

Our prayers and gratitude are with all members of his family.


4 July 2017

  1. The Annual General Meeting of the Company is scheduled to be held on Thursday, 10 August 2017 at Ashok Country Resort, Rajokri Road, Kapashera, New Delhi- 110037.
  2. The Company has fixed cut- off date of 03 August 2017. The remote e- voting period commences on 07 August 2017 (9:00 am) and ends on 09 August 2017 (5:00 pm).
  3. The Register of Members and Share Transfer Books of the Company will remain closed from Thursday, 03 August 2017 to Thursday, 10 August 2017 (both days inclusive) in connection with the ensuing Annual General Meeting.


3 June 2017

The Board of Directors meeting for discussion of Buyback of Shares was held on 03 June 2017.

With share price trading at sharp discount to intrinsic value, a Buyback of Shares offers an attractive opportunity for the Company. For shareholders as well, who elect to participate, there is an attractive exit opportunity which provides the desired liquidity. And for shareholders who do not participate, there is an equally attractive opportunity of increasing their economic interest in the Company by continuing to retain their shareholding.

However, there are at least three major recent macro-economic events which makes your Board believe that it would be in the best interests of the Company and its shareholders to defer the decision on Buyback of Shares at the present time.

Firstly, as stated in our letter to Stock Exchanges dated 25 May 2017, there are uncertainties surrounding the upcoming GST law, the impact of which shall need to be assessed, to determine the extent of impact this law will have, if any, on our business and capital allocation decisions. Secondly, there is the recent OPEC plus others decision to extend production cuts through the fiscal year 2018. This decision has an encouraging impact on the industry outlook in the medium term, which in turn influences our capital allocation plans. Thirdly, there is major progress on China’s “One Belt One Road” initiative, which is supportive of global demand for commodities.

Finally, at a Company specific level, we believe that a more robust and positive assessment on outcomes of our past capital allocation decisions on the Company’s production, growth and profitability, will be possible over the coming months.

As a consequence, a decision on Buyback of Shares has been deferred to a later date. The Company shall inform the Stock Exchanges and shareholders as and when a decision is taken in this regard.


25 May 2017

In order to carefully evaluate the financial implications, if any, on the Company of recent GST Announcements, the Board Meeting scheduled for 26 May 2017 is hereby postponed to 03 June 2017.

Accordingly, as per SEBI (Prohibition of Insider Trading) Regulations 2015, the Trading Window of the Company will remain closed till 05 June 2017.


22 May 2017

A meeting of the Board of the Directors of the Company is being convened on Friday, 26 May 2017 to consider the proposal for Buyback of Equity Shares.

Further in terms of SEBI (Prohibition of Insider Trading) Regulations 2015, the Trading Window of the Company will remain closed from 22 May 2017 to 28 May 2017 (both days inclusive) in connection with the ensuing Board Meeting.


13 May 2017

A meeting of the Board of Directors of the Company is being convened on Saturday, 20 May 2017 to consider and adopt, inter-alia, the Audited Financial Results of the Company for the year ended 31 March 2017.

Further in terms of SEBI (Prohibition of Insider Trading) Regulations 2015, the Trading Window of the Company will remain closed from 13 May 2017 to 22 May 2017 (both days inclusive) in connection with the ensuing Board Meeting.


2 May 2017

The Board of Directors is pleased to announce that it has engaged the services of Mr. Deepak Agrawal as Executive Technical Advisor to the Board of Directors. This is a significant step towards our commitment to grow production and deliver value to our shareholders.

Mr. Agrawal was most recently Director Technical and Executive Committee Member at Cairn India Limited.

Prior to Cairn, he was Vice President of Projects at British Petroleum in Mumbai. Before moving back to India in 2012, Mr. Agrawal worked for Chevron in executive management capacities worldwide for 20 years, his last assignment being as Development Manager of Chevron’s multi-billion dollar LNG Project Gorgon, in Western Australia.

Mr. Agrawal holds a Masters degree in Engineering from the University of California at Berkeley where he was a Jane Lewis Fellow. His undergraduate degree is in Petroleum Engineering from IIT (Indian School of Mines) Dhanbad.

Mr. Agrawal has worked extensively in reservoir description and management, asset development, project planning and execution as well as in commercial areas of asset value assessment and optimization.

Mr. Agrawal will report to the Board and guide our technical teams in their pursuit of world class management of our assets with commitment to deliver asset integrity and sustainable growth. The Board will benefit from his advice based on the diversified worldwide experience of quality asset management and profitable growth that he brings to the Company.

This is a non-exclusive contract which doesn’t prevent Mr. Agrawal from taking other assignments while he advises Selan.


11 February 2017

The Board of Directors of the Company, in their meeting held today, have declared an Interim Dividend of 50% (i.e. Rs. 5.00 /- per equity share) for the Financial Year 2016-17.

The Record Date for the purpose of Interim Dividend has been fixed as Saturday, 18 February 2017.

Further, it is hereby informed that the said dividend shall be paid / dispatched within 30 days of declaration of Interim Dividend.


03 February 2017

A meeting of the Board of Directors of the Company is being convened on Saturday, 11 February 2017 to consider and adopt, inter-alia, the Unaudited Financial Results of the Company for the quarter ended 31 December 2016 and Interim Dividend for the financial year 2016-17 on Equity Shares of the Company.

The Record Date for the purpose of Interim Dividend, if declared will be Saturday, 18 February 2017.


21 January 2017

The Board of Directors are pleased to announce the appointment of Mr. Neeraj Sethi as the President and CEO of Selan.

Mr. Sethi brings 21 years of international oilfield and strategic management experience to Selan. He has a proven track record of starting, growing and managing the business of a leading international oil services company, Baker Hughes in multiple countries including India. During his career, he has also managed the business of a publicly listed oilfield service company in India as the COO of Asian Oilfield Limited.

In his most recent assignment, he oversaw the application of leading edge technical solutions at Saudi Aramco on behalf of another International Service provider, Halliburton. He has lived and worked in eight different countries in the Asia-Pacific and Middle East region, has four SPE publications to his name and holds four US patents.

Mr. Sethi will be responsible for the management and development of Selan’s current oil and gas assets, as well as evaluation and development of additional prospects in India and internationally while providing strategic leadership for the growth of the company.

We are pleased to welcome Mr. Sethi to Selan and expect him to exploit the significant opportunities present in the company’s asset base as well as the wider hydrocarbon sector, and in the process drive significant enhancement in shareholder value.


26 December 2016

The Company is pleased to announce the appointment of Ms. Sonali Bhagwati Dalal as a Director of the Company.

Ms. Bhagwati Dalal has studied Architecture and Design, and has nearly 30 years of domestic and international experience, having earned the prestigious L’ Institute Francaise D’ Architecture scholarship to study and work in France.

Ms. Bhagwati Dalal is also actively involved with various NGOs and social organizations aimed at improving the overall quality of life of the citizens of our Country.


2 November 2016

A meeting of the Board of Directors of the Company is being convened on Saturday, 12 November 2016 to consider and adopt, inter-alia, the Unaudited Financial Results of the Company for the quarter ended 30 September 2016.


29 September 2016

Annual General Meeting Voting Results - 2016


28 September 2016

Mrs. Rohini Kapur (DIN: 00530757) who was appointed as a Director in the last Annual General Meeting ceases to be a Director at the Annual General Meeting of the Company held on 28 September 2016.

She retires by rotation at this Annual General Meeting as she did not offer herself for re-appointment and ceases to be a Director w.e.f. 28 September 2016.

The Company wishes to place on record and acknowledge the valuable services rendered by her.


28 September 2016

The Thirty first Annual General Meeting of Shareholders of the Company convened today, 28 September 2016 at Ashok Country Resort, Rajokri Road, Kapashera, New Delhi – 110037.


24 September 2016

Mr. S. K. Singh, a Director of the Company, will be retiring from the Board of Directors effective 24.09.2016 after nearly 13 years with the Company.

During this period, Mr. Singh has provided invaluable leadership and advice to the Company, and has been a source of great inspiration for the Company’s staff in Ahmedabad and Delhi.

Our Best Wishes are with Mr. and Mrs. Singh and their family, for the years ahead.


2 September 2016

The Annual General Meeting of the Company is scheduled to be held on Wednesday, 28 September 2016 at Ashok Country Resort, Rajokri Road, Kapashera, New Delhi- 110037. The Company has fixed cut- off date of 21 September 2016. The remote e- voting period commences on 25 September 2016 (9:00 am) and ends on 27 September 2016 (5:00 pm).

The Register of Members and Share Transfer Books of the Company will remain closed from Wednesday, 21 September 2016 to Wednesday, 28 September 2016 (both days inclusive) in connection with the ensuing Annual General Meeting.


10 August 2016

The Board of Directors of Selan Exploration Technology Ltd. is pleased to announce the appointment of Mr. M. Singh as a Director of the Company.

Mr. Singh joined TATA Finlay in 1978, and after a long and illustrious career with the TATA Group, retired in 2014 as General Manager of the TATA Group’s Anamallai Tea Division.

Having led various Strategic Business Units during his career, Mr. Singh has a wealth of management experience from the 35+ years he spent with the TATA Group Companies and TATA Associate Companies.

Mr. Singh completed his undergraduate and graduate studies at the University of Delhi and has attended Management Development Courses at IIM – Ahmedabad and the TATA Management Training Centre, Pune.

Mr. Singh and his family have a long association with the State of Gujarat, where his father served in various senior official capacities with the CBI, BSF and Gujarat Police throughout the State, until his retirement.

We are pleased to welcome Mr. Singh to SELAN.


05 August 2016

A meeting of the Board of Directors of the Company is being convened on Saturday, 13 August 2016 to consider and adopt, inter-alia, the Unaudited Financial Results of the Company for the quarter ended 30 June 2016.


12 May 2016

A meeting of the Board of Directors of the Company is being convened on Friday, 20 May 2016 to consider and adopt, inter-alia, the Audited Financial Results of the Company for the year ended 31 March 2016.


11 February 2016

The Board of Directors of the Company, in their meeting held today, have declared an Interim Dividend of 50% (i.e. Rs. 5.00 /- per equity share) for the Financial Year 2015-16.

The Record Date for the purpose of Interim Dividend has been fixed as Tuesday, 23 February 2016.

Further, it is hereby informed that the said dividend shall be paid / dispatched on Friday, 11 March 2016.


6 February 2016

A meeting of the Board of Directors of the Company is being convened on Thursday, 11th February 2016 for consideration of Interim Dividend, if any, for the financial year 2015-16 on Equity Shares of the Company.


29 January 2016

A meeting of the Board of Directors of the Company is being convened on Saturday, 06 February 2016 to consider and adopt, inter-alia, the Unaudited Financial Results of the Company for the quarter ended 31 December 2015.


30 October 2015

A meeting of the Board of Directors of the Company is being convened on Saturday, 07 November 2015 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 September 2015.


13 August 2015

Annual General Meeting Voting Results - 2015


11 August 2015

The Thirtieth Annual General Meeting of Shareholders of the Company convened today, 11 August 2015 at Ashok Country Resort, Rajokri Road, Kapashera, New Delhi – 110037.


05 August 2015

A meeting of the Board of Directors of the Company is being convened on Friday, 14 August 2015 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 June 2015.


10 July 2015

(i) The Annual General Meeting of the Company is scheduled to be held on Tuesday, 11 August 2015 at Ashok Country Resort, Rajokri Road, Kapashera, New Delhi- 110037.

(ii) The Company has fixed cut- off date of 04 August 2015. The remote e- voting period commences on 08 August 2015 (9:00 am) and ends on 10 August 2015 (5:00 pm).

(iii) The Register of Members and Share Transfer Books of the Company will remain closed from Tuesday, 04 August 2015 to Tuesday, 11 August 2015 (both days inclusive) in connection with the ensuing Annual General Meeting.


21 MAY 2015

A meeting of the Board of Directors of the Company is being convened on Saturday, 30 May 2015 to consider and adopt, inter-alia, the Audited Financial Results of the Company for the year ended 31 March 2015.


31 March 2015

The Board of Directors are pleased to appoint Mrs. Rohini Kapur as a Director of the Company.

After completing her further studies in the United Kingdom and the United States, Mrs. Kapur returned to India.

For a long period of time, Mrs. Kapur has been involved extensively with social work, under privileged children, and spends a considerable amount of time promoting and supporting the work of Not for Profit Organisations in the country.

We are pleased to welcome Mrs. Kapur to the Board of Directors of the Company.

 

 

07 FEBRUARY 2015

The Board of Directors of the Company, in their meeting held today, have declared an Interim Dividend of 50% (i.e. Rs. 5.00/- per equity share) for the financial year 2014-15.
The Record Date for the purpose of Interim Dividend has been fixed as Thursday, 19 February 2015.
Further, it is hereby informed that the said dividend shall be paid / dispatched on Saturday, 07 March 2015.

30 JANUARY 2015
A meeting of the Board of Directors of the Company is being convened on Saturday, 07 February 2015 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 December 2014 and for consideration of Interim Dividend, for the financial year 2014-15, on Equity Shares of the Company.
Further, in compliance with Clause # 16 of the Listing Agreement, it is hereby informed that the Record Date for the dividend, if declared, by the Board of Directors in the above mentioned meeting, shall be Thursday,19 February 2015.


31 OCTOBER 2014
A meeting of the Board of Directors of the Company is being convened on Saturday, 08 November 2014 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 September 2014.


09 August 2014

Annual General Meeting Voting Results - 2014

 

07 August 2014
The Twenty Ninth Annual General Meeting of Shareholders of the Company convened today, 07 August 2014 at Ashok Country Resort, Rajokri Road, Kapashera, New Delhi-110037.

 

01 August 2014
A meeting of the Board of Directors of the Company is being convened on Saturday, 09 August 2014 to consider and adopt, inter-alia, the Unaudited (Provisional) Financial Results of the Company for the quarter ended 30 June 2014.


07 July 2014
(i) The Annual General Meeting of the Company is scheduled to be held on Thursday, 07 August 2014, the notice has been issued to all members concerned.

(ii) The Register of Members and Share Transfer Books of the Company will remain closed from Thursday, 31 July 2014 to Thursday, 07 August 2014 (both days inclusive) in connection with the ensuing Annual General Meeting.

 

02 MAY 2014
A meeting of the Board of Directors of the Company is being convened on Saturday, 10 May 2014 to consider and adopt, inter-alia, the Audited Financial Results of the Company for the year ended 31 March 2014.

 

08 FEBRUARY 2014
The Board of Directors of the Company, in their meeting held today, have declared an Interim Dividend of 50% (i.e. Rs. 5.00/- per equity share) for the financial year 2013-14.

The Record Date for the purpose of Interim Dividend has been fixed as Saturday, 15 February 2014.

Further, in terms of the new proviso to Clause 20(a), it is hereby informed that the said dividend shall be paid / dispatched on Friday, 07 March 2014.

 

31 JANUARY 2014
A meeting of the Board of Directors of the Company is being convened on Saturday, 08 February 2014 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 December 2013 and for consideration of Interim Dividend, for the financial year 2013-14, on Equity Shares of the Company.

Further, in compliance with Clause # 16 of the Listing Agreement, it is hereby informed that the Record Date for the dividend, if declared, by the Board of Directors in the above mentioned meeting, shall be Saturday, 15 February 2014.

 

01 NOVEMBER 2013
A meeting of the Board of Directors of the Company is being convened on Saturday, 09 November 2013 to consider and adopt, inter-alia, the Unaudited (Provisional) Financial Results of the Company for the quarter ended 30 September 2013.

 

13 SEPTEMBER 2013
The Board of Directors at their meeting held on 09 September 2013, have decided to close the Buyback of equity shares from the open market with effect from 13 September 2013.

In the Public Announcement dated 17 September 2012, the Company had stated that a total of 578,081 equity shares could be purchased at a total cost of Rs. 2023.28 lakhs.

As of 13 September 2013, the Company has purchased 587,043 shares at a total cost of Rs.1609.71 lakhs.

 

06 AUGUST 2013
The Members of the Company in their 28th Annual General Meeting held on 05 August 2013, have unanimously approved all the items mentioned in the notice dated 11 May 2013 convening the said AGM.

 

02 AUGUST 2013
A meeting of the Board of Directors of the Company is being convened on Saturday, 10 August 2013 to consider and adopt, inter-alia, the Unaudited (Provisional) Financial Results of the Company for the quarter ended 30 June 2013.

 

25 JULY 2013
(i) The Annual General Meeting of the Company is scheduled to be held on Monday 05 August 2013, the notice has been issued to all members concerned.

(ii) The Register of Members and Share Transfer Books of the Company will remain closed from Tuesday 30 July 2013 to Monday 05 August 2013 (both days inclusive) in connection with the ensuing Annual General Meeting.

 

02 MAY 2013
A meeting of the Board of Directors of the Company is being convened on Saturday, 11 May 2013 to consider and adopt, inter-alia, the Audited Financial Results of the Company for the year ended 31 March 2013.

 

16 FEBRUARY 2013
The Board of Directors of SELAN is pleased to announce the appointment of Dr. Derek J. Corbishley as a Director of the Company.

Dr. Corbishley graduated from the University of London and received a Doctorate in Geophysics from the University of Durham in the United Kingdom.

In a career spanning over three decades, Dr. Corbishley worked exclusively for Shell, after having spent a few years initially with the Department of Defense in the United Kingdom.

In a long and distinguished career with Shell worldwide, Dr. Corbishley has worked for Shell in Africa, South America and in Brunei, and at Shell Headquarters in the UK and in The Hague, Netherlands.

He has also served in India as Managing Director of Shell India for five years.

We are pleased to welcome Dr. Corbishley to SELAN.

 

09 FEBRUARY 2013
The Board of Directors of the Company; in their meeting held today, have declared an Interim Dividend of 50% (i.e. Rs. 5.00 /- per equity share) for the financial year 2012-13.

The Record Date for the purpose of Interim Dividend has been fixed as Saturday, 16 February 2013.

Further, in terms of the new proviso to Clause 20(a), it is hereby informed that the said dividend shall be paid / dispatched on Friday, 08 March 2013.

 

01 FEBRUARY 2013
A meeting of the Board of Directors of the Company is being convened on Saturday, 09 February 2013 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 December 2012 and for consideration of Interim Dividend for the financial year 2012-13, on Equity Shares of the Company.

Further, in compliance with Clause # 16 of the Listing Agreement, it is hereby informed that the Record Date for the dividend, if declared, by the Board of Directors in the above mentioned meeting, shall be Saturday, 16 February 2013.

 

01 NOVEMBER 2012

A meeting of the Board of Directors of the Company is being convened on Saturday, 10 November 2012 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 September 2012.

 

15 SEPTEMBER 2012

The Board of Directors in their meeting held earlier today, have considered and approved the proposal for Buyback of the Equity Shares of the Company upto 10% of the Paid – Up Share Capital and Free Reserves.

The Buyback shall be carried out from the open market through the Bombay Stock Exchange / National Stock Exchange upto a maximum price of Rs. 350/- per share.

 

07 SEPTEMBER 2012

The meeting of the Board of Directors of the Company which was scheduled to be held on Saturday, 08 September 2012, to consider the proposal for Buyback of Equity Shares, stands postponed to Saturday, 15 September 2012.

 

01 SEPTEMBER 2012

A meeting of the Board of the Directors of the Company is being convened on Saturday, 08 September 2012 to consider the proposal for Buyback of Equity Shares.

 

09 AUGUST 2012

The Members of the Company in their 27th Annual General Meeting held on 08 August 2012, have unanimously approved all the items mentioned in the notice dated 05 May 2012 convening the said AGM.

 

04 AUGUST 2012

A meeting of the Board of Directors of the Company is being convened on Monday, 13 August 2012 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 June 2012.

 

05 JULY 2012

(i) The Annual General Meeting of the Company is scheduled to be held on Wednesday 08 August 2012, the notice thereof will be issued to all members concerned in due course.

(ii) The Register of Members and Share Transfer Books of the Company will remain closed from Wednesday, 01 August 2012 to Wednesday, 08 August 2012 (both days inclusive) in connection with the ensuing Annual General Meeting.

 

17 FEBRUARY 2012

It is hereby informed that Mr. Andrew Wenk, President & CEO, has resigned from the Company for personal reasons as, in his view, he was unable to spend the amount of time in India as the needs of the role dictated.

Mr. Wenk’s resignation is effective 15 February 2012.

The Company wishes to express its appreciation for the time spent by him with the Company and we wish Mr. Wenk & his family the best for the future.

 

01 FEBRUARY 2012

A meeting of the Board of Directors of the Company is being convened on Thursday, 09 February 2012 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 December 2011.

 

31 JANUARY 2012

The Board of Directors of the Company; in their meeting held today, have declared an Interim Dividend of 30% (i.e. Rs. 3.00/- per equity share) for the financial year 2011-12.

The Record Date for the purpose of Interim Dividend has been fixed as Monday, 06 February 2012.

Further, in terms of the new proviso to Clause 20(a), it is hereby informed that the said dividend shall be paid / dispatched on Wednesday, 29 February 2012.

 

24 JANUARY 2012

A meeting of the Board of Directors of the Company is being convened on Tuesday, 31 January 2012 to consider declaration of Interim Dividend for the financial year 2011-12, on the Equity Shares of the Company.

Further, in compliance with Clause 16 of the Listing Agreement, it is hereby informed that the Record Date for the divided, if declared, by the Board of Directors in the above mentioned meeting, shall be Monday, 06 February 2012.

 

31 OCTOBER 2011

A meeting of the Board of Directors of the Company is being convened on Tuesday, 08 November 2011 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 September 2011.

 

23 September 2011

OUTCOME OF AGM 2010-11

The Members of the Company in their 26th Annual General Meeting held today, i.e. 23 September 2011, have unanimously approved all the items mentioned in the notice dated 20 July 2011 convening the said AGM.

 

19 SEPTEMBER 2011

SELAN appoints Mr. CLARENCE MITCHELL as VICE PRESIDENT – WELL CONSTRUCTION and WELL SERVICES.

Selan Exploration is pleased to announce the appointment of Mr. Clarence Mitchell as Vice President – Well Construction and Well Services.

Mr. Mitchell has significant experience as Drilling Manager, Drilling Project Manager and as a Drilling Coordinator in the Americas, Saudi Arabia and West Africa with various companies including BP / AMOCO, Exxon Mobil, Chevron and a number of small independent operators.

Mr. Mitchell's areas of expertise include drilling of extended reach horizontal and multilateral wells, and he is well versed and conversant with the Well Delivery Process (from Conceptual Design through Planning and Execution).

At Selan, Mr. Mitchell will lead our effort in the coming years to drill, complete and maintain optimally designed and executed wells which will deliver additional reserves and production in all our blocks. To maximise the value of our reserves a number of specialist well construction techniques will be needed. Mr Mitchell has extensive experience in these areas and his arrival will help Selan to expedite the timely monetisation of our reserves.

Mr. Mitchell has studied Mechanical Engineering (Honours) and then in Michigan, USA completed his MBA.

We are pleased to welcome Mr. Mitchell and his family to Selan.

 

18 AUGUST 2011

The Annual General Meeting of the Company is scheduled to be held on Friday, 23 September 2011, the notice thereof will be issued to all members concerned in due course.

The Register of Members and Share Transfer Books of the Company will remain closed from Monday, 19 September 2011 to Friday, 23 September 2011 (both days inclusive) in connection with the ensuing Annual General Meeting.

 

15 JULY 2011

A meeting of the Board of Directors of the Company is being convened on Saturday, 23 July 2011 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 June 2011.

 

12 JULY 2011

A meeting of the Board of Directors of the Company is being convened on Wednesday, 20 July 2011 to consider and adopt, inter-alia, the Audited Financial Results of the Company for the financial year ended 31 March 2011.

 

30 JUNE 2011

Selan Appoints Mr. Andrew Wenk as President & CEO

Selan Exploration is pleased to announce the appointment of Mr Andrew Wenk as President and CEO of the Company.

Mr Wenk joins us from Cairn Energy, where he was General Manager - Petroleum Engineering Operations, and helped lead the Company's efforts to produce First Oil from Cairn's highly challenging Rajasthan oilfields.

At Selan, Mr Wenk will look to build a formidable team that can and will apply the best Reservoir Engineering and Production Engineering technologies suitable for the full scale development of the Company's Oil and Gas fields, leading to the monetization of the Company's significant reserves base.

Prior to joining Cairn, Mr Wenk worked for Reliance Industries in the KG Basin, and played an important role in sourcing and applying the latest technologies that helped Reliance bring to surface vast quantities of commercially viable gas from the D - 6 field.

Mr Wenk completed his engineering studies with distinction at The University of Adelaide in Australia, and has an overall record of more than two decades of exceptional achievements in oil and gas field development and production with various leading independent companies in the petroleum industry across the globe.

We are pleased to welcome Mr. Wenk and his family to Selan.

 

6 MAY 2011

A meeting of the Board of Directors of the Company is being convened on Saturday, 14 May 2011 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 March 2011.

 

17 MARCH 2011

The Board of Directors of the Company; in their meeting held today, have declared a Second Interim Dividend of 15% (i.e. Rs. 1.50 per equity share) for the financial year 2010-11.

The Record Date for the purpose of Second Interim Dividend has been fixed as Friday, 25 March 2011 (as already intimated vide our letter dated 15 March 2011).

Further, in terms of the new proviso to Clause 20(a), the said dividend shall be paid / dispatched on Friday, 15 April 2011.

 

15 MARCH 2011

The Record Date for the purposes of Second Interim Dividend, if declared, by the Board of Directors in their meeting to be held on Thursday, 17 March 2011, (as intimated to you vide our letter dated 14 March 2011) has been fixed as Friday, 25 March 2011.

 

14 MARCH 2011

A meeting of the Board of Directors of the Company is being convened on Thursday, 17 March 2011 to consider declaration of Second Interim dividend for the year 2010-11, on the Equity Shares of the Company.

 

3 FEBRUARY 2011

A meeting of the Board of Directors of the Company is being convened on Friday, 11 February 2011 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 December 2010.

 

5 JANUARY 2011

The Committee of Directors for Bonus Issue, in their meeting held today, have allotted 1,544,277 Bonus Shares of Rs. 10 /- each as fully paid in the ratio of 1 (One) Fully Paid-up Equity Share of Rs. 10/- for every 10 (Ten) existing Equity Shares of Rs. 10 /- each, held by the shareholders on the Record Date i.e. 3rd January 2011.

Further, in compliance with new Clause 22(d) of the Listing Agreement, introduced vide SEBI Circular No. CIR / CFD / DIL / 10 / 2010 dated 16 December 2010, it is hereby informed that the Bonus Shares so issued, shall be credited / dispatched to the shareholders on Wednesday, 19 January 2011.

 

22 December 2010

The shareholders of the Company, in the Extraordinary General Meeting, held on 22 December 2010, have unanimously approved the resolution for issue of bonus shares in the ratio of 1:10 (i.e. one new equity share for ten existing equity shares), as sent to them vide notice dated 22 November 2010.

Further, the Record Date for the purposes of the aforesaid Bonus issue has been fixed as 3 January 2011.

 

26 November 2010

An Extraordinary General Meeting of the Company is scheduled to be held on Wednesday, 22 December 2010, for consideration and approval of bonus issue. The notice thereof will be issued to all members concerned in due course.

 

22 November 2010

A bonus issue of shares in the ratio of 1:10 (i.e. 1 bonus share for 10 equity shares held) was approved by the Board of Directors (subject to shareholder’s approval) at their meeting held earlier today.

 

11 November 2010

The Arbitral Tribunal, constituted by Selan Exploration Technology Ltd. and the Government of India (through the Ministry of Petroleum and Natural Gas) to resolve their disputes pertaining to the interpretation of the articles related to sharing of Profit Petroleum in the Lohar Production Sharing Contract (“PSC”), had made an Award on 3 May 2010.


The Award was in favour of the Company on the issue of interpretation of the clauses pertaining to sharing of Profit Petroleum with Government of India under the PSC.


The Government of India filed a petition u/s 34 of the Arbitration & Conciliation Act, 1996 challenging the Award, and, on 9 November 2010, the Delhi High Court pronounced judgement setting aside the Award of the Arbitral Tribunal.


Although subject to appeal, this decision could result in Profit Petroleum payments to the Government of India of Rs. 0.73 Crores for FY 2009-10 and Rs. 1.54 Crores for FY 2010-11 (as of 30th September 2010).

 

4 November 2010

A meeting of the Board of Directors of the Company is being convened on Friday, 12 November 2010 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 September 2010.

 

9 AUGUST 2010

The Annual General Meeting of the Company is scheduled to be held on Wednesday, 15 September 2010, the notice thereof will be issued to all members concerned in due course.

The Register of Members and Share Transfer Books of the Company will remain closed from Wednesday, 8 September 2010 to Wednesday, 15 September 2010 (both days inclusive) in connection with the ensuing Annual General Meeting.

 

2 August 2010

A meeting of the Board of Directors of the Company is being convened on Tuesday, 10 August 2010 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 June 2010.

 

23 July 2010

The date fixed for payment of the Interim Dividend [declared by the Board of Directors in their meeting held on 21 July 2010] is 17 August 2010.

 

21 July 2010

The Board of Directors in their meeting held on 21 July 2010 have considered and taken on record the Audited Financial Results for the year ended 31 March 2010.

The Board of Directors in their meeting held on 21 July 2010 have declared an Interim Dividend of Rs. 1.50 per Equity Share for the financial year 2010-11.

 

19 July 2010

The Record Date for the Dividend, if declared, by the Board of Directors in their meeting on Wednesday, 21 July 2010 has been fixed as Thursday, 29 July 2010.

 

13 July 2010

A meeting of the Board of Directors of the Company is being convened on Wednesday, 21 July 2010 to consider inter-alia and take on record the Audited Financial Results for the year ended 31 March 2010 and also to consider declaration of Interim Dividend for the year 2009-10, on the Equity Shares of the Company.

 

4 MAY 2010

The Arbitral Tribunal, constituted by Selan Exploration Technology Ltd. and the Government of India (through the Ministry of Petroleum and Natural Gas) to resolve their disputes pertaining to the interpretation of the articles related to sharing of Profit Petroleum in the Lohar Production Sharing Contract (“PSC”), has made its Award yesterday.

The Company is in the process of reviewing this Award, which appears prima – facie to be in favour of the Company on the issue of interpretation of the clauses pertaining to sharing of Profit Petroleum with the Government of India under the PSC.

The Award also states that the date of signing of PSC shall be the Effective Date for purposes of calculating the 100% Cost Recovery Period for all Contract Costs.

The financial implications of the Award are being studied and will be conveyed to the shareholders in due course of time.

 

19 APRIL 2010

A meeting of the Board of Directors of the Company is being convened on Tuesday, 27 April 2010 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 March 2010.

 

13 JANUARY 2010

A meeting of the Board of Directors of the Company is being convened on Thursday, 21 January 2010 to consider, inter-alia, and take on record the Unaudited (Provisional) Financial Results for the quarter ended 31 December 2009.

 

6 NOVEMBER 2009

The Board of Directors at their meeting held on 6 November 2009 have decided to close the Buy-Back of Equity shares from Open Market w.e.f 10 November 2009.

 

21 OCTOBER 2009
A meeting of the Board of Directors of the Company is being convened on Thursday, 29 October 2009 to consider, inter-alia, and take on record the Unaudited Financial Results of the Company for the quarter ended 30 September 2009.


30 JULY 2009
The following correction be noted in Annual Report Page 6 – No. 11 (iii) Book Closure date and Notice for AGM – Notes No. (3): “ 2 September 2009 to 8 September 2009 ” to be read as “ 4 September 2009 to 8 September 2009”.


30 JULY 2009
The date fixed for payment of the Interim Dividend [declared by the Board of Directors in their meeting held on 25 July 2009] is 21 August 2009.

 

28 JULY 2009
The Annual General Meeting of the Company is scheduled to be held on Tuesday, 8 September 2009.
The Register of Members and Share Transfer Books of the Company will remain closed from Friday, 4 September 2009 to Tuesday, 8 September 2009 (both days inclusive) in connection with the ensuing Annual General Meeting.

 

25 JULY 2009
The Board of Directors have declared an Interim Dividend of Rs. 1.50 per equity share, for the financial year 2009-10.
The Record Date for the purposes of Interim Dividend has been fixed as 4 August 2009.

 

17 JULY 2009
A meeting of the Board of Directors of the Company is being convened on Saturday, 25 July 2009 to consider, inter-alia, and take on record the Unaudited Financial Results of the Company for the quarter ended 30 June 2009 and to consider declaration of Interim Dividend for the financial year 2009-10, if any, on the Equity Shares of the Company.
 

27 APRIL 2009
The Board of Directors of the Company will meet on 6 May 2009 to approve the Audited Results for the Year Ended 31 March 2009.
Accordingly, the Unaudited Results for 4th Quarter 2008 - 09 will not be published.
 

20 JANUARY 2009

A meeting of the Board of Directors is being convened on Wednesday, 28 January 2009 to consider, inter – alia, and take on record the Unaudited (Provisional) Financial Results for the quarter ended 31 December 2008.

 

5 JANUARY 2009

Based on the report dated 5 January 2009 submitted by Mr. S. R. Iyer (Practising Chartered Accountant), Scrutinizer, the special resolution for buyback of equity shares of the Company, as set out in the notice dated 20.11.2008 sent to the shareholders, has been declared as passed by the requisite majority of the shareholders through postal ballot.

 

20 NOVEMBER 2008
The Board of Directors in their meeting held today, have considered and approved the proposal for Buyback of the Equity Shares of the Company upto 25% of the   Paid – Up Share Capital and Free Reserves. The Buyback shall be carried out from the open market through the Bombay Stock Exchange / National Stock Exchange upto a maximum price of Rs. 230/- per share.

 

12 NOVEMBER 2008
A meeting of the Board of Directors is being convened on Thursday, 20 November 2008 to consider the proposal for Buyback of Equity Shares.

 

15 OCTOBER 2008
A meeting of the Board of Directors is being convened on Thursday, 23 October 2008 to consider, inter – alia, and take on record the Unaudited (Provisional) Financial Results for the quarter ended 30 September 2008.

 

3 OCTOBER 2008
W.r.t. the Interim Dividend declared by the Board of Directors in their meeting held on 26 September 2008, the date fixed for payment of the same is 24 October 2008.

 

26 September 2008

The Board of Directors, in their meeting held today, have declared an Interim Dividend of 15% for the year 2008-09. The Record Date for the same is 18 October 2008.

 

19 September 2008

A meeting of the Board of the Directors is being convened on Friday, 26 September 2008 to consider declaration of Interim Dividend for the year 2008-09, on the Equity Shares of the Company.
 

17 September 2008

The Members of the Company in the 23rd Annual General Meeting held on Wednesday, 17 September 2008, have unanimously approved all the items mentioned in the Notice dated 29 July 2008, convening the said AGM.
 

14 August 2008

The Energy and Petrochemicals Department (EPD), Government of Gujarat have, on 5 August 2008 granted the Mining Lease for development of OGNAJ oilfield to the Company.

 

13 August 2008

The Register of Members & Share Transfer Books of the Company will remain closed from 6 September 2008 to 17 September 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on 17 September 2008. The final dividend, if approved by the members at the AGM, will be paid on or after 19 September 2008 to the members whose names appear on the Register of Members as on 6 September 2008 in respect of physical shares. In respect of dematerialised shares the dividend will be payable to the “beneficial owners” of the shares whose names appear in the statement of Beneficial Ownership furnished by NSDL/CDSL at the close of business hours on 5 September 2008.
 

19 July 2008

A Meeting of the Board of Directors of the Company will be held on Tuesday, 29 July 2008, to discuss, inter-alia, the following agenda :
1. To consider and take on record,

  1.  the Audited Financial Results for the year ended 31 March 2008.

  2.  the Unaudited (Provisional) Financial Results for the quarter ended 30 June 2008.

2. To consider declaration of final dividend for the year 2007 – 08, on the equity shares of the Company.
 

15 April 2008

The Board of Directors in their meeting held today, have approved a preferential allotment of upto 18,00,000 Zero Coupon convertible warrants at a price of Rs. 165/- per warrant carrying a right to subscribe to equal number of equity shares in the company on conversion within a period of 18 months from the date of allotment, in cash aggregating to Rs. 29,70,00,000 to a combination of members, promoters and Person Acting in Concert, at a price of Rs. 165/- per warrant (computed in accordance with SEBI DIP Guidelines).

 

18 January 2008

A Meeting of the Board of Directors of the Company will be held on Monday, 28 January 2008 to consider and take on record inter-alia Unaudited (Provisional) Financial Results for the quarter ended 31 December 2007.
 

22 October 2007

A Meeting of the Board of Directors of the Company will be held on Tuesday, 30 October 2007 to consider and take on record inter-alia Unaudited (Provisional) Financial Results for the quarter ended 30 September 2007.

 

27 August 2007

The Twenty Second Annual General Meeting of the Company will be held on Monday, 24 September 2007 at 10 : 00 A.M. at Ashok Country Resort, Rajokri Road, Kapashera, New Delhi – 110 037 to transact the business stated in the Notice sent to Members at their registered addresses.

It is further informed that Register of Members and Share Transfer Books of the Company will remain closed from Monday, 17 September 2007 to Monday, 24 September 2007 (both days inclusive).
 

23 July 2007

A Meeting of the Board of Directors of the Company will be held on Tuesday, 31 July 2007 to consider and take on record inter-alia, the Audited Results for the financial year ended 31 March 2007 and Unaudited (Provisional) Financial Results for the quarter ended 30 June 2007 and to approve the notice for the Annual General Meeting for the year 2006-07.
 

21 April 2007

A Meeting of the Board of Directors of the Company will be held on Saturday, 28 April 2007 to consider and take on record inter-alia, the Unaudited (Provisional) Financial Results for the quarter ended 31 March 2007.

 

6 March 2007

Mr. Rajesh Mathrani has resigned from the Board of Directors of SELAN with effect from 12 February 2007.

 

18 January 2007

A Meeting of the Board of Directors of the Company will be held on Wednesday, 24 January 2007 to consider and take on record inter-alia, the Unaudited (Provisional) Financial Results for the quarter ended 31 December 2006.

 

18 October 2006

A Meeting of the Board of Directors of the Company will be held on Wednesday, 25 October 2006 to consider and take on record inter-alia, the Unaudited (Provisional) Financial Results for the quarter ended 30 September 2006.

 

24 July 2006

A meeting of the Board of Directors of the Company will be held on Monday, 31 July 2006 to interalia consider and adopt the Audited Results for the financial year ended 31 March 2006 and Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 June 2006.

 

20 April 2006

The Board Meeting scheduled for 21 April 2006 has been postponed to 26 April 2006.

 

14 April 2006

A Meeting of the Board of Directors of the Company will be held on Friday, 21 April 2006 to consider and take on record inter-alia, the Unaudited (Provisional) Financial Results for the quarter ended 31 March 2006.

 

22 February 2006

Industrial Finance Corporation of India Limited (IFCI Ltd.) has accepted the OTS amount in the Delhi High Court in February 2006 and accordingly the Company has withdrawn the suit filed in the High Court and now IFCI Ltd. is in the process of withdrawing their claim in the Debt Recovery Tribunal.

 

11 November 2005

Ministry of Petroleum and Natural Gas (MoPNG) and Selan Exploration Technology Ltd. (SELAN) had signed a Production Sharing Contract (PSC) for the Karjisan gas field, located in Gujarat, on 16 February 2004.

MoPNG, vide their letter dated 9 November 2005, have now approved the Grant of Petroleum Exploration License (PEL) to SELAN for the Karjisan gas field.

   

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