Announcements

A meeting of the Board of the Directors of the Company is being convened on Friday, 26 May 2017 to consider the proposal for Buyback of Equity Shares.

Further in terms of SEBI (Prohibition of Insider Trading) Regulations 2015, the Trading Window of the Company will remain closed from 22 May 2017 to 28 May 2017 (both days inclusive) in connection with the ensuing Board Meeting.

A meeting of the Board of Directors of the Company is being convened on Saturday, 20 May 2017 to consider and adopt, inter-alia, the Audited Financial Results of the Company for the year ended 31 March 2017.

Further in terms of SEBI (Prohibition of Insider Trading) Regulations 2015, the Trading Window of the Company will remain closed from 13 May 2017 to 22 May 2017 (both days inclusive) in connection with the ensuing Board Meeting.

The Board of Directors is pleased to announce that it has engaged the services of Mr. Deepak Agrawal as Executive Technical Advisor to the Board of Directors. This is a significant step towards our commitment to grow production and deliver value to our shareholders.

Mr. Agrawal was most recently Director Technical and Executive Committee Member at Cairn India Limited.

Prior to Cairn, he was Vice President of Projects at British Petroleum in Mumbai. Before moving back to India in 2012, Mr. Agrawal worked for Chevron in executive management capacities worldwide for 20 years, his last assignment being as Development Manager of Chevron’s multi-billion dollar LNG Project Gorgon, in Western Australia.

Mr. Agrawal holds a Masters degree in Engineering from the University of California at Berkeley where he was a Jane Lewis Fellow. His undergraduate degree is in Petroleum Engineering from IIT (Indian School of Mines) Dhanbad.

Mr. Agrawal has worked extensively in reservoir description and management, asset development, project planning and execution as well as in commercial areas of asset value assessment and optimization.

Mr. Agrawal will report to the Board and guide our technical teams in their pursuit of world class management of our assets with commitment to deliver asset integrity and sustainable growth. The Board will benefit from his advice based on the diversified worldwide experience of quality asset management and profitable growth that he brings to the Company.

This is a non-exclusive contract which doesn’t prevent Mr. Agrawal from taking other assignments while he advises Selan.

The Board of Directors of the Company, in their meeting held today, have declared an Interim Dividend of 50% (i.e. Rs. 5.00 /- per equity share) for the Financial Year 2016-17.

The Record Date for the purpose of Interim Dividend has been fixed as Saturday, 18 February 2017.

Further, it is hereby informed that the said dividend shall be paid / dispatched within 30 days of declaration of Interim Dividend.

A meeting of the Board of Directors of the Company is being convened on Saturday, 11 February 2017 to consider and adopt, inter-alia, the Unaudited Financial Results of the Company for the quarter ended 31 December 2016 and Interim Dividend for the financial year 2016-17 on Equity Shares of the Company.

The Record Date for the purpose of Interim Dividend, if declared will be Saturday, 18 February 2017.

The Board of Directors are pleased to announce the appointment of Mr. Neeraj Sethi as the President and CEO of Selan.

Mr. Sethi brings 21 years of international oilfield and strategic management experience to Selan. He has a proven track record of starting, growing and managing the business of a leading international oil services company, Baker Hughes in multiple countries including India. During his career, he has also managed the business of a publicly listed oilfield service company in India as the COO of Asian Oilfield Limited.

In his most recent assignment, he oversaw the application of leading edge technical solutions at Saudi Aramco on behalf of another International Service provider, Halliburton. He has lived and worked in eight different countries in the Asia-Pacific and Middle East region, has four SPE publications to his name and holds four US patents.

Mr. Sethi will be responsible for the management and development of Selan’s current oil and gas assets, as well as evaluation and development of additional prospects in India and internationally while providing strategic leadership for the growth of the company.

We are pleased to welcome Mr. Sethi to Selan and expect him to exploit the significant opportunities present in the company’s asset base as well as the wider hydrocarbon sector, and in the process drive significant enhancement in shareholder value.

The Company is pleased to announce the appointment of Ms. Sonali Bhagwati Dalal as a Director of the Company.

Ms. Bhagwati Dalal has studied Architecture and Design, and has nearly 30 years of domestic and international experience, having earned the prestigious L’ Institute Francaise D’ Architecture scholarship to study and work in France.

Ms. Bhagwati Dalal is also actively involved with various NGOs and social organizations aimed at improving the overall quality of life of the citizens of our Country.

A meeting of the Board of Directors of the Company is being convened on Saturday, 12 November 2016 to consider and adopt, inter-alia, the Unaudited Financial Results of the Company for the quarter ended 30 September 2016.

Annual General Meeting Voting Results – 2016

The Thirty first Annual General Meeting of Shareholders of the Company convened today, 28 September 2016 at Ashok Country Resort, Rajokri Road, Kapashera, New Delhi – 110037.