Quarter 4
31-03-2022
Intimation of Trading Window Closure
The trading window for dealing in securities of the Company shall continue to remain closed till 48 hours after the declaration of financial results for the Quarter and Year ended March 31,2022 as per the Code of Conduct for Regulating, Monitoring, Preventing and Reporting of Trading in Securities by Designated Persons and immediate relatives of Designated Persons of the Company under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 as amended in December 2018.
Sale of Rig Aban V, Aban VI, and Drillship Aban Abraham
We had in our letters dated 10th February 2022, 15th February 2022 & 28th February 2022 informed that the date of completion of Sale of our above mentioned Rigs as 31st March 2022. However the transaction could not be completed. Hence the date of completion of the transaction stands extended to 30th April 2022.
We sincerely regret for the inconvenience caused in this regard.
23-03-2022
Sale of Jack-up Rig ABAN VII
Please refer to our announcement dt. 28th February 2022 regarding the sale of Jack-up Rig Aban VII owned by our step down subsidiary Aban7 Pte Ltd.
We wish to inform you that the transaction has been completed today.
23-03-2022
At the meeting held today, the Board has approved the proposed sale of rigs namely Deep Driller 2, Deep Driller 4, Deep Driller 5, Deep Driller 6 and Deep Driller 8 owned by our step-down subsidiaries to the prospective buyers as may be decided in due course subject to the execution of definitive documents in relation to sale of such rigs.
The said proposal is subject to necessary approval of the Shareholders and other relevant authorities as may be required under applicable laws. The approval of the shareholder is being sought through Postal Ballot.
This is an enabling resolution.
17-03-2022
Sale of Jack-up Rig Deep Driller 1
Please refer to our announcement dt 28th February 2022 regarding the sale of Jack-up Rig Deep Driller 1 owned by our step down subsidiary Deep Drilling 1 Pte Ltd.
We wish to inform you that the transaction has been completed today.
08-03-2022
Revision in Credit Ratings
The Company has received the following ratings from CARE.
· Long Term Bank Facilities – CARE D (Single D) .
· Long Term Instruments – CRPS – CARE D (RPS) [Single D [Redeemable Preference Shares].
The earlier ratings have been reaffirmed.
28-02-2022
Sale of Rig Deep Driller 1, Aban V, Aban VI, Aban VII and Drillship Aban Abraham
We had in our letters dated 10 th February, 2022 & 15 th February, 2022 informed that the date of completion of Sale of our above mentioned Rigs as 28 th February, 2022. However the transaction could not be completed. Hence the date of completion of the transaction stands extended to 31 st March 2022.
We sincerely regret for the inconvenience caused in this regard.
15-02-2022
Sale of Rig Aban V, Aban VI, Aban VII and Drillship Aban Abraham
We had in our letter dated 13th January 2022 informed the date of completion of Sale of our above mentioned Rigs as 15th February, 2022. However the transaction could not be completed. Hence the date of completion of the transaction stands extended to 28th February 2022.
10-02-2022
Sub :: Sale of Rig Deep Driller 1
We had in our letter dated 28th January, 2022, informed the date of completion of Sale of the above mentioned Rig as 9th February, 2022. However the transaction could not be completed. Hence the date of completion of the transaction stands extended to 28th February, 2022.
We sincerely regret for the inconvenience caused in this regard.
31-01-2022
Proceedings of the Extra Ordinary General Meeting of the Company
This is to inform you that Extra Ordinary General Meeting (EGM) of the Company was held on 31st January, 2022 at 10.15 A.M. through Video Conferencing/Other Audio Visual means.
Please click here to view the summary of Proceedings of the EGM, as required under Regulations 30, Part A of Schedule III of SEBI LODR Regulations (Annexure A).
January 28 , 2022
Sub :: Sale of Rig Deep Driller 1
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please be informed that the Board at their meeting held on 6th January, 2022 had approved the sale of Rig Deep Driller 1 owned by our step down subsidiary Deep Drilling 1 Pte Ltd subject to the approval of Shareholders. An Extra Ordinary General Meeting has been convened on 31st January, 2022 for seeking the approval of Shareholders. The Sale and Purchase Agreement between the parties was entered into today subject to the approval of Shareholders. The details are as under:
| a) | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year | NIL. The Rig was out of Contract during the last Financial year. |
| b) | Date on which the agreement for sale has been entered into | 28th January 2022 |
| c) | The expected date of completion of sale/disposal | 9th February 2022 |
| d) | Consideration receivable from such sale/disposal | USD 12,248,000 or about Rs.91.86 Crores |
| e) | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group companies | Advanced Energy Systems (ADES) S.A.E, Egypt, the buyer is in the business of providing oil field services. They are not related to the promoter group |
| f) | Whether the transaction would fall within related party transactions | No |
| g) | Whether the sale is in the nature of Slump sale | No |
January 28, 2022
This is to inform that a Meeting of Board of Directors of the Company will be held on Wednesday, the 9th February 2022 to transact the following items.
* To consider and take on record the Unaudited Quarterly Standalone Financial Results of the Company for the period ended 31st December 2021.
* To consider and take on record the Unaudited Quarterly Consolidated Financial Results of the Company for the period ended 31st December 2021.
January 13, 2022
Sale of Rig Aban V, Aban VI, Aban VII and Drillship Aban Abraham
We had in our letter dated 15th December, 2021, informed the date of completion of Sale of our above mentioned Rigs as 15th January, 2021. However the transaction could not be completed. Hence the date of completion of the transaction stands extended to 15th February, 2022.
January 6, 2022
This is to inform you that an Extra Ordinary General Meeting of the Company is scheduled to be held on Monday, the 31st January 2022 at 10.15 am through Video Conferencing (VC) / Other Audio Visual Means (OAVM). A soft copy of the Notice of the EGM is enclosed.
Soft copy of the EGM Notice – Please click here
January 6, 2022
At the meeting held today, the Board has approved the proposed sale of rig namely Deep Driller 1 owned by our step-down subsidiary to the prospective buyer as may be decided in due course subject to the execution of definitive documents in relation to sale of such rig.
The said proposal is subject to necessary approval of the Shareholders and other relevant authorities as may be required under applicable laws. The approval of the shareholder is being sought through an Extra Ordinary General Meeting to be held on 31st January 2022.
This is an enabling resolution.