Announcements

Resignation of Mr. Rohit Kapur (DIN: 00017172) from the post of Whole-Time Director with effect from 30 June 2022.

This is to inform you that Mr. Rohit Kapur, Whole-Time Director has informed the Company of his inability to continue as Whole-Time Director of the Company and his intention to resign as Whole-Time Director from the Board of the Company. This is pursuant to the Share Purchase Agreement dated 17 March 2022 and pursuant to his letter dated 30 June 2022. He has also informed the Company in the said letter that there are no other reasons than what is stated therein for his resignation as a Whole-Time Director of the Company.

Accordingly, the Board of Directors at their meeting held today have accepted his resignation as a whole-Time Director of the Company with effect from 30 June 2022.

Intimation of Change in Control of the Company

As a result of the completion of the sale and purchase of equity shares pursuant to the share purchase agreement dated 17 March 2022 (“SPA”), 21 % Shares of the Paid-up Share Capital of the Company are transferred from one of the existing promoters i.e., Winton Roavic LLP to the new promoter i.e., Blackbuck Energy Investments Limited (“BEIL”).

Consequently, there is change of control, BEIL is the new promoter of the Company and the old promoters cease to be the promoters of the Company subject to the approval of the stock exchanges as prescribed under Regulation 31A of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The shareholding of BEIL post the acquisition under the SP A and Open Offer is 46,30,570 (Forty Six Lakhs Thirty Thousand Five Hundred and Seventy Only) equity shares representing 30.46 % of the paid-up share capital of the Company.

Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 we wish to inform you that the Trading Window of the Company will remain closed from 01 July 2022 till 48 hours after the declaration of Unaudited Financial Results of the Company for the quarter ending 30 June 2022.

In compliance with Regulation 29(1) of the SEBI (LODR) Regulations, 2015, it is hereby informed that a meeting of the Board of Directors of the Company is being convened on Saturday, 30 April 2022 to consider and adopt, inter-alia, the Audited Financial Results for the year ended 31 March 2022.

Further, in continuation to our announcement dated 31 March 2022 regarding closure of trading window of the Company, kindly note that the trading window will remain closed till 02 May 2022.

Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 we wish to inform you that the Trading Window of the Company will remain closed from 01 April 2022 till 48 hours after the declaration of Audited Financial Results of the Company for the year ending 31 March 2022.

Further to our announcement dated 17 March 2022. This is to inform you that the Company has filed an application with Ministry of Petroleum and Natural Gas (MoPNG) and Directorate General of Hydrocarbons (DGH) for prior consent for the indirect assignment of the participating interest for the identified contract area in the Company’s Blocks i.e. Bakrol, Lohar and Karjisan.

Public Announcement – Open offer

In Compliance with Regulation 30(2) of SEBI(LODR) Regulations, 2015, the Company has received the disclosure from the Promoters of the Company that they have executed a Share Purchase Agreement with Blackbuck Energy Investments Limited.

In compliance with Regulation 42(3) of SEBI (LODR) Regulations, 2015, the revised Record Date for the purpose of Interim Dividend has been fixed as Saturday, 19 February 2022 (instead of Saturday, 12 February 2022 as intimated earlier on 01 February 2022).

In compliance with Regulation 42(3) of SEBI (LODR) Regulations, 2015, the revised Record Date for the purpose of Interim Dividend, if declared, will be Saturday, 12 February 2022 (instead of Friday, 11 February 2022 as intimated earlier on 29 January 2022).