Announcements

Daily Reporting Buyback

Daily Reporting Buyback

Daily Reporting Buyback

Daily Reporting Buyback

Buy back Public Announcement

(1) Buyback of the fully paid-up equity shares of the Company

The Board of Directors in their meeting held today, have considered and approved the proposal for Buyback of the Equity Shares of the Company. The maximum buyback size represents 8.66 % of the aggregate 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. 300/- per share.

(2) Declaration of Interim Dividend on Equity Shares of the Company for the Financial Year 2018-19

The Board of Directors of the Company have declared an Interim Dividend of 50% (i.e. Rs. 5/- per equity share) for the Financial Year 2018-19. The Record Date for the purpose of Interim Dividend has been fixed as Saturday, 05th January, 2019. Further, it is hereby informed that the said dividend shall be paid / dispatched within 30 days of declaration of Interim Dividend.

(3) Appointment of Mr. Arunabh Parasher as Chief Operating Officer

The Board of Directors is pleased to announce the appointment of Mr. Arunabh Parasher as Chief Operating Officer of the Company.

At Selan, Mr. Parasher will have full responsibility for the overall management and development of the Company’s oil & gas assets in Gujarat, and will also be responsible for the integration, management and development of all assets that may be added to the Company’s portfolio in the future.

Mr. Parasher joins us from Cairn, where he was responsible for the overall management of oil and gas production in excess of 100k barrels of oil production a day as General Manager Operations. At Cairn, he supervised a team of over a 100 petroleum engineers and other professionals as part of his overall responsibilities, and directed the introduction of various cutting edge technologies for production enhancement in some of the most challenging oil and gas reservoirs in India.

On behalf of the Board of Directors, we wish him the best of success at Selan.

(4) Resignation of Mr. Neeraj Sethi

The Company also wishes to inform that Mr. Neeraj Sethi, President & CEO has resigned effective 15 January 2019 for personal reasons. The Company expresses its appreciation to Mr. Sethi and wishes him the best for the future.

A meeting of the Board of Directors of the Company is being convened on Thursday, 27 December 2018 to consider the following:

1. Interim Dividend for the Financial year 2018-19 on Equity Shares of the Company. The Record Date for the purpose of Interim Dividend, if declared will be 05 January, 2019.
2. Buyback of the Equity Shares of the Company.

Further in terms of SEBI (Prohibition of Insider Trading) Regulations 2015, the Trading Window of the Company will remain closed from 22 December till 29 December 2018 (both days inclusive) in connection with the ensuing Board Meeting.

A meeting of the Board of Directors of the Company is being convened on Thursday, 01 November 2018 to consider and adopt, inter-alia, the Unaudited Financial Results of the Company for the quarter ended 30 September 2018.

Further in terms of SEBI (Prohibition of Insider Trading) Regulations 2015, the Trading Window of the Company will remain closed from 24 October 2018 to 03 November 2018 (both days inclusive) in connection with the ensuing Board Meeting.

A meeting of the Board of Directors of the Company is being convened on Wednesday, 08 August 2018 to consider and adopt, inter-alia, the Unaudited Financial Results of the Company for the quarter ended 30 June 2018.

Further in terms of SEBI (Prohibition of Insider Trading) Regulations 2015, the Trading Window of the Company will remain closed from 31 July 2018 to 10 August 2018 (both days inclusive) in connection with the ensuing Board Meeting.

Annual General Meeting Voting Result 2018