Quarter 1- 2022-2023
June 30, 2022:
- Intimation of Trading Window
- We wish to inform you that 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 ended June 30,2022 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 Deep Driller 2 and Deep Driller 6
- Please refer to our letter dated 31st May, 2022 informing the sale of the rigs referred above
- Insofar rigs Deep Driller 2 and Deep Driller 6, the transactions could not be completed. Hence the date of completion of the transaction stands extended to 31st July 2022
- We sincerely regret for the inconvenience caused in this regard
June 24, 2022:
- Sale of Rig Deep Driller 4
- Please refer to our announcement 31st May 2022 regarding the sale of Jack-up Rig Deep Driller 4 owned by our Step down subsidiary
- We wish to inform you that the transaction has been completed today
June 17, 2022:
- Sale of Jack-up Rig Deep Driller 7
- Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please be informed that the Board at their meeting held on 26 May,2022 had approved the sale of Jack-up Rig Deep Driller 7 owned by our step down subsidiary Deep Drilling 7 Pte Ltd subject to approval of shareholders and other requisite approvals. The Sale and Purchase Agreement between the parties was entered into today. The details are as under
| S.No. | Particulars | Details |
| 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 rig was stacked. |
| b) | Date on which the agreement for sale has been entered into | 17th June 2022 |
| c) | The expected date of completion of sale/disposal | 06th August 2022 |
| d) | Consideration receivable from such sale/disposal | USD 30,000,000 or about Rs.234 Crores |
| e) | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group companies | Shelf Drilling Services Limited. The buyer is not related to the promoter/promoter group of companies |
| f) | Whether the transaction would fall within related party transactions | No |
| g) | Whether the sale is in the nature of Slump sale | No |
June 10, 2022:
- Sale of Jack-up Rig Deep Driller 8
- Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please be informed that the Board at their meeting held on 23rd March 2022 had approved the sale of Jack-up Rig Deep Driller 8 owned by our step down subsidiary Deep Drilling 8 Pte Ltd subject to requisite approvals. The Sale and Purchase Agreement between the parties was entered into today. The details are as under:
| S.No. | Particulars | Details |
| 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 | USD 3.395 million or about Rs.25.29 Crores & 4.24 % of the Consolidated turnover for the financial year 2021-22 |
| b) | Date on which the agreement for sale has been entered into | 10.06.2022 |
| c) | The expected date of completion of sale/disposal | 31.07.2022 |
| d) | Consideration receivable from such sale/disposal | USD 28,000,000 or about Rs.218 Crores |
| e) | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group companies | ADNOC Drilling Company P.J.S.C. Abu Dhabi, UAE. The buyer is not related to the promoter/promoter group of companies |
| f) | Whether the transaction would fall within related party transactions | No |
| g) | Whether the sale is in the nature of Slump sale | No |
May 31, 2022:
- Sale of Rig Deep Driller 2, Deep Driller 4, Deep Driller 5 and Deep Driller 6
- Please refer to our letter dated 14th April, 2022 informing the sale of the rigs referred above
- We now wish to inform that Rig Deep Driller 5 has been sold and the transactions completed today
- Insofar rigs Deep Driller 2, Deep Driller 4 and Deep Driller 6, the transactions could not be completed
- Hence the date of completion of the transaction stands extended to 30th June 2022
- We sincerely regret for the inconvenience caused in this regard
May 26, 2022:
- Sale of Drill Ship Aban Abraham
- Please refer to our announcement dt 29th April 2022 regarding the sale of Drill Ship Aban Abraham owned by our step down subsidiary Aban Abraham Pte Ltd
- We wish to inform you that the transaction has been completed yesterday
May 16, 2022:
- This is to inform that a Meeting of Board of Directors of the Company will be held on Thursday, the 26th May 2022 at the Registered Office of the Company at “ Janpriya Crest ” 113 Pantheon Road, Egmore, Chennai 600 008 to consider and approve the following agenda
- Audited Quarterly Standalone and Consolidated financial results for the period ended 31st March 2022
- Audited Financial Results for the year ended 31st March 2022
May 12, 2022:
- Sale of Rig Aban V and Aban VI
- Please refer to our announcement 29th April 2022 regarding the sale of Jack-up Aban V and Aban VI
- We wish to inform you that the transaction has been completed today
April 29, 2022:
- 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 & 31st March 2022 informed that the date of completion of Sale of our above mentioned Rigs as 30th April 2022
- However the transaction could not be completed. Hence the date of completion of the transaction stands extended to 31st May 2022
- We sincerely regret for the inconvenience caused in this regard
April 14, 2022:
- Sale of Rig Deep Driller 2, Rig Deep Driller 4, Rig Deep Driller 5 and Rig Deep Driller 6
- Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that the Board at their meeting held on 23rd March, 2022 had approved the sale of Rigs Deep Driller 2, Deep Driller 4, Deep Driller 5 and Deep Driller 6 owned by our step down subsidiaries Deep Drilling 2 Pte Ltd, Deep Drilling 4 Pte Ltd, Deep Drilling 5 Pte Ltd and Deep Drilling 6 Pte Ltd respectively subject to the approval of Shareholders which is being sought through Postal Ballot. The Sale and Purchase Agreement between the parties were entered into yesterday. The details are as under
Rig – Deep Driller 2
| S.No. | Particulars | Details |
| 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 | USD 540,000 or about Rs.4.11 Crores & 0.70% of the Consolidated turnover for the financial year 2021-22 |
| b) | Date on which the agreement for sale has been entered into | 13.04.2022 |
| c) | The expected date of completion of sale/disposal | 31.05.2022 |
| d) | Consideration receivable from such sale/disposal | USD 26 Million or about Rs.198.12 Crores |
| e) | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group companies | ADES Saudi Limited Company. The buyer is in the business of providing .oil, field services. They are not related promoter group |
| f) | Whether the transaction would fall within relatedparty transactions | No |
| g) | Whether the sale is in the nature of Slump sale | No |
Rig Deep Driller 4
| S.No. | Particulars | Details | |
| 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 thelast financial year | USD 1,404,427 or about Rs.10.70 Crores & 1.83 % of the Consolidated turnover for the financial year 2021-22 | |
| b) | Date on which the agreement for sale has been entered into | 13.04.2022 | |
| c) | The expected date of completion of sale/disposal | 31.05.2022 | |
| d) | Consideration receivable from such sale/disposal | USD 26 Million or about Rs.198.12 Crores | |
| e) | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group companies | ADES Saudi Limited Company. 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 |
Rig Deep Driller 5
| S.No. | Particulars | Details |
| 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 thelast 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 | 13.04.2022 |
| c) | The expected date of completion of sale/disposal | 31.05.2022 |
| d) | Consideration receivable from such sale/disposal | USD 27 Million or about Rs.205.74 Crores. |
| e) | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group companies | ADES Saudi Limited Company. The buyer is in the business of providing oil field services. They are not related to the promoter group 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 |
Rig Deep Driller 6
| S.No. | Particulars | Details |
| 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 thelast financial year | USD 7,300,000 or about Rs 55.63 Crores & 9.52 % of the Consolidated turnover for the financial year 2021-22 |
| b) | Date on which the agreement for sale has been entered into | 13.04.2022 |
| c) | The expected date of completion of sale/disposal | 31.05.2022 |
| d) | Consideration receivable from such sale/disposal | USD 27 Million or about Rs.205.74 Crores. |
| e) | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group companies | ADES Saudi Limited Company. 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 |
