SELAN2024-01-012024-03-31 SELAN2024-01-012024-03-31 SELAN2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member SELAN2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member SELAN2024-01-012024-03-31in-bse-fin:OneOperatingExpenses03Member SELAN2024-01-012024-03-31in-bse-fin:OneOperatingExpenses04Member SELAN2024-01-012024-03-31in-bse-fin:OneOperatingExpenses05Member SELAN2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member SELAN2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member SELAN2024-01-012024-03-31in-bse-fin:FourOperatingExpenses03Member SELAN2024-01-012024-03-31in-bse-fin:FourOperatingExpenses04Member SELAN2024-01-012024-03-31in-bse-fin:FourOperatingExpenses05Member SELAN2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530075 SELAN NOTLISTED Selan Exploration Technology Limited Equity 2023-04-01 2024-03-31 2024-05-06 2024-04-29 INR Lakhs Yearly 16:00:00 18:10:00 2024-05-06 2024-05-06 true Cash Flow Indirect Declaration of unmodified opinion Single segment Crude oil & Natural Gas 2024-01-01 2024-03-31 Audited Standalone 547200000.00 24600000.00 571800000.00 0.00 0.00 -2700000.00 61500000.00 1000000.00 8100000.00 331700000.00 399600000.00 172200000.00 0.00 172200000.00 0.00 49700000.00 49700000.00 0.00 122500000.00 0.00 0.00 0.00 0.00 122500000.00 -100000.00 122400000.00 0.00 0.00 152000000.00 10 8.06 8.01 0.00 0.00 8.06 8.01 1. 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. 2. 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 Company. 3. The 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. 4. During the 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. These options are dilutive in nature and effect of outstanding options is reflected in the computation of diluted earnings per share. 5. 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 area CB/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 cost incurred by the Company on 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 the particapting interest of the said contract area w.e.f. 18th December, 2023 and the Company is in process to initiate project execution activities. 6. 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 compliance 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 the capital of the Antelopus Energy Private Limited ; and (b) amalgamation of the 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. As available on the SEBI website, SEBI is in receipt of NOC from the National Stock Exchange of India Limited and BSE Limited dated 21st March, 2024 and the Scheme is curently under process with the SEBI. Post clearance from the Stock Exchanges, the Company will file the Scheme before the Hon'ble National Company Law Tribunal, Chandigarh Bench for the necessary directions. Single segment 2023-04-01 2024-03-31 Audited Standalone 1656000000.00 112900000.00 1768900000.00 0.00 0.00 -6100000.00 159200000.00 3900000.00 32000000.00 1116400000.00 1305400000.00 463500000.00 0.00 463500000.00 7000000.00 129100000.00 136100000.00 0.00 327400000.00 0.00 0.00 0.00 0.00 327400000.00 -1900000.00 325500000.00 0.00 0.00 152000000.00 10 3785700000.00 21.54 21.47 0.00 0.00 21.54 21.47 Development of Hydrocarbon Properties amotised 99300000.00 Handling and Processing Charges 7300000.00 Operating Expenses 35800000.00 Other Expenses 42500000.00 Royalty & cess 146800000.00 Development of Hydrocarbon Properties amotised 334900000.00 Handling and Processing Charges 25100000.00 Operating Expenses 156500000.00 Other Expenses 163200000.00 Royalty & cess 436700000.00 182200000.00 0.00 0.00 0.00 28600000.00 2794300000.00 0.00 0.00 0.00 0.00 77400000.00 12200000.00 89600000.00 6600000.00 6600000.00 3107900000.00 190300000.00 643400000.00 346200000.00 24400000.00 480400000.00 0.00 21600000.00 1516000000.00 0.00 31400000.00 1737700000.00 0.00 0.00 4845600000.00 152000000.00 3785700000.00 3937700000.00 3937700000.00 0.00 0.00 31300000.00 31300000.00 10700000.00 566200000.00 0.00 0.00 608200000.00 0.00 188800000.00 36200000.00 225000000.00 72600000.00 2100000.00 0.00 0.00 299700000.00 907900000.00 4845600000.00 7. During the quarter ended 31st December, 2023, 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 disbursement date at interest rate of Risk Free Rate (RFR) plus 7.67% per annum. Till 31st March 2024, Company has disbursed Rs. 734.00 Lakhs as loan. 8. 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 modelling 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. 9. On 14th February 2024, the Company has entered into a Farm-in-Farm-Out Agreement with the Oilex NL Holdings (India) Limited and Synergia Energy Limited for acquisition of 50% of participating interest and operationship of the Cambay Field. The review and approval of the same is currently in-progress by the Government of India. 10. The Company is not having any long term borrowings as on 31st March, 2024. Accordingly, the Company is not a Large Corporate in terms of the circulars SEBI/HO/DDHS/P/CIR/2021/613 dated 10th August, 2021 and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated 19th October, 2023 issued by the Securities and Exchange Board of India. 11. Previous period figures have been reclassified / regrouped / restated, wherever necessary. 12. Pursuant to Regulation 33(3)(i) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, no effect of material adjustments are made in the result of this quarter pertain to earlier periods. 13. The figures for the quarters ended 31st March 2024 and 31st March 2023 represent the difference between the audited figures in respect of full financial year and unaudited figures of nine months ended 31st December 2023 and 31st December 2022 respectively. 14. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 6th May 2024. The Statutory Auditor of the Company have expressed an unmodified opinion on these financial results. 0.00 45100000.00 -161400000.00 0.00 -7900000.00 0.00 0.00 -700000.00 0.00 71100000.00 0.00 39500000.00 0.00 366900000.00 0.00 4600000.00 3700000.00 11300000.00 0.00 0.00 0.00 32200000.00 13300000.00 -32900000.00 0.00 -44100000.00 0.00 500000.00 0.00 276800000.00 740300000.00 0.00 0.00 0.00 23600000.00 0.00 716700000.00 0.00 0.00 2146000000.00 1196800000.00 0.00 0.00 0.00 0.00 0.00 118300000.00 0.00 0.00 0.00 1468600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19700000.00 0.00 -73400000.00 0.00 -691400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7000000.00 0.00 200000.00 0.00 0.00 -7200000.00 18100000.00 0.00 18100000.00 6300000.00 24400000.00 -100000.00 -2500000.00 0.00 -600000.00 0.00 0.00