SELAN2023-10-012023-12-31 SELAN2023-10-012023-12-31 SELAN2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member SELAN2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member SELAN2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member SELAN2023-10-012023-12-31in-bse-fin:OneOperatingExpenses04Member SELAN2023-10-012023-12-31in-bse-fin:OneOperatingExpenses05Member SELAN2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member SELAN2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member SELAN2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member SELAN2023-10-012023-12-31in-bse-fin:FourOperatingExpenses04Member SELAN2023-10-012023-12-31in-bse-fin:FourOperatingExpenses05Member SELAN2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530075 SELAN NOTLISTED Selan Exploration Technology Limited Equity 2023-04-01 2024-03-31 2024-02-12 2024-02-05 INR Lakhs Third quarter 16:30:00 17:45:00 2024-02-12 2024-02-12 Not applicable Single segment Oil & Natural Gas 2023-10-01 2023-12-31 Unaudited Standalone 435700000.00 24800000.00 460500000.00 0.00 0.00 -200000.00 47700000.00 900000.00 9000000.00 314600000.00 372000000.00 88500000.00 0.00 88500000.00 1900000.00 26300000.00 28200000.00 0.00 60300000.00 0.00 0.00 0.00 0.00 60300000.00 100000.00 60400000.00 0.00 0.00 152000000.00 10 3.97 3.89 0.00 0.00 3.97 3.89 The Statement has been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under Section 133 of Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.The selling price of crude oil is determined at the prevailing international market rates in US Dollars. Fluctuations in the international price of crude oil and Dollar vs Rupee Exchange rates, affect the profitability of the CompanyThe Company operates in a single segment of production of Oil and Natural Gas. Therefore, Ind AS-108 on Segment Reporting is not applicable to the Company.During the previous quarter ended 30th September, 2023, Company has granted 2,20,181 Employee Stock Options ( Options ) to its employees, convertible into equal number of Equity Shares of the Company at face value of Rs. 10/- each, under the Selan Exploration Technology Limited Employees' Stock Option Scheme - 2022. The Company has entered into an agreement with PFH Oil and Gas Private Limited (the Transferor ) for acquisition of 100% (One Hundred Percent) Participating Interest of Contract areaCB/ONDSF/ELAO/2016. For acquisition of this Participating Interest, there is no upfront payment to the Transferor as consideration. The Company will be required to pay 7.5% of the monthly profit (after recovery of all costs incurred by the Company on the contract area) as transfer fees to the Transferor as and when earned. On 18th December, 2023, Company has received the approval of Ministry of Petroleum & Natural Gas, Government of India for transfer of 100% (One Hundred Percent) Participating Interest from the Transferor to the Company of Contract area CB/ONDSF/ELAO/2016. Accordingly, Company has acquired participating interest of the said contract area w.e.f. 18th December, 2023 and the Company is in process to initiate project execution activities. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 1108800000.00 88300000.00 1197100000.00 0.00 0.00 -3400000.00 97700000.00 2900000.00 23900000.00 784700000.00 905800000.00 291300000.00 0.00 291300000.00 7000000.00 79400000.00 86400000.00 0.00 204900000.00 0.00 0.00 0.00 0.00 204900000.00 -1800000.00 203100000.00 0.00 0.00 152000000.00 10 13.48 13.40 0.00 0.00 13.48 13.40 Development of Hydrocarbon Properties amortised 89700000.00 Handling and Processing Charges 6400000.00 Operating Expenses 56700000.00 Other expenses 55100000.00 Royalty and Cess 106700000.00 Development of Hydrocarbon Properties amortised 235600000.00 Handling and Processing Charges 17800000.00 Operating Expenses 120700000.00 Other expenses 120700000.00 Royalty and Cess 289900000.00 The Board of Directors in their meeting held on 22nd November, 2023 have approved a Composite Scheme of Arrangement between Antelopus Energy Private Limited, the Company and their respective shareholders and creditors, in compilance with sections 230 to 232 read with section 66 and section 52 and other applicable provisions of the Companies Act, 2013 and rules made thereunder ( Scheme ). The Scheme, inter alia, provides for: (a) reduction of capital of Antelopus Energy Private Limited ; and (b) amalgamation of Antelopus Energy Private Limited with and into the Company. The Company will issue (a) 4,287 equity shares of the Company of face value of Rs 10/- each for every 10,000 equity shares of Antelopus Energy Private Limited; (b) 4,287 equity shares of the Company of face value of Rs 10/- each for every 10,000 Class A1 equity shares of Antelopus Energy Private Limited; and (c) 18 equity shares of the Company of face value of Rs 10/- each for every 10,000 Non-Convertible 0.001% Redeemable Preference Shares of Antelopus Energy Private Limited to the Shareholders of Antelopus Energy Private Limited as on the record date defined in the Scheme. The Scheme is, inter alia, subject to receipt of requisite approvals from statutory and regulatory authorities, including from the Stock Exchanges, the Securities and Exchange Board of India (SEBI), the National Company Law Tribunal and the shareholders and creditors of the Company. During the current quarter, Shareholders have approved a material related party transaction i.e., to provide an inter-corporate loan of upto an aggregate amount not exceeding Rs. 10,000.00 Lakhs, in one or more tranches to Antelopus Energy Private Limited, a promoter group company for their business activities. Accordingly, on 31st October, 2023, Company has entered into a loan agreement with Antelopus Energy Private Limited for providing an unsecured inter-corporate loan of upto Rs. 10,000.00 Lakhs for a period of 51 months from the first isbursement date at interest rate of Risk Free Rate (RFR) plus 7.67% per annum. As at 31st December, 2023, Company has disbursed Rs. 734.00 Lakhs as loan.It has been considered appropriate to show the development expenses of oil wells under 'Development of Hydrocarbon Properties' as a separate item. Development of hydrocarbon properties includes the cost incurred on the collection of seismic data, drilling of wells and other associated drilling related costs, reservoir modeling costs and other related expenditures on development of oil fields.Amortisation for the same is done on a straight line basis over the remaining / extended lease period, as considered appropriate by the Management, as this method most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset and this method is applied consistently from period to period.Previous period figures have been reclassified / regrouped / restated, wherever necessary.The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 12th February, 2024. The above results have been reviewed by the Statutory Auditor of the Company 200000.00 -2400000.00 100000.00 -600000.00 0.00 0.00