Quarter 3- 2023-2024
10.11.2023
Intimation of Closure of Trading Window
We wish to inform you that the trading window for dealing in securities of the Company shall remain closed with immediate effect 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.
21-11-2023
Sub: Sale of FPU Tahara
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please be informed that the Board at their meeting held on 1st November,2021 had approved the sale of Floating Production Unit Tahara owned by the Company. The Sale and Purchase Agreement between the parties was entered into on 20th November, 2023. 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 as the Floating Production Unit Tahara was stacked. | b) | Date on which the agreement for sale has been entered into | 20th November, 2023 | c) | The expected date of completion of sale/disposal | 20th May 2024 | d) | Consideration receivable from such sale/disposal | USD 2,434,188/- approx. INR 20.28 Crores. | e) | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group companies | Last Voyage DMCC, Dubai, United Arab Emirates. Does not belong to promoter /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 |