In terms of Regulation 30 of the Listing Regulations, this is to hereby inform that in line with recommendation of Nomination and Remuneration Committee and pursuant to Letter bearing reference no. CA-31033/1/2026-CA-PNG (55708) dated 5th October, 2026 received from the Ministry of Petroleum & Natural Gas, Government of India, being the Administrative Ministry, and subject to approval by the shareholders, the Board of Directors of the Company vide its Resolution by Circulation dated 16th October, 2026 passed on 22nd October, 2026 has, inter-alia, approved the appointment of Shri Durg Vijay Singh Deo (DIN: 12005387) as an Additional Non-Executive Director in the designation of Independent Director of the Company with immediate effect upto the date of the next General Meeting.Further, as per the requirement stated under Circular no. LIST/COMP/14/2018-19 dated 20th June, 2018 read with Master Circular dated 30th April, 2026 issued by BSE Limited and Master Circular no. NSE/CML/2026/10 dated 30th ApriI, 2026 issued by National Stock Exchange of India Limited, respectively, we hereby affirm that Shri Durg Vijay Singh Deo (DIN: 12005387) is not debarred from holding the office of Director by virtue of any order of SEBI or any other such authority.
According to primary filings and dispatches highlighted by NSE India, the latest move impacts key counters including relevant market segments. Market analysts note that volume activity and corporate disclosures indicate significant retail and domestic institutional engagement with the development.
Terminal indicators suggest a balanced risk-reward profile, with institutional participants waiting for confirmation from subsequent quarterly prints or macro cues. Range-bound consolidation is expected in the near term as market participants digest the broader ramifications of the announcement.
Investors and intraday participants are advised to monitor official exchange disclosures on BSE and NSE, alongside subsequent management commentary. ZeroLive will continue monitoring real-time order book developments, price action triggers, and regulatory updates as they unfold.