SELAN2024-04-012024-06-30 SELAN2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member SELAN2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member SELAN2024-04-012024-06-30in-bse-fin:OneOperatingExpenses03Member SELAN2024-04-012024-06-30in-bse-fin:OneOperatingExpenses04Member SELAN2024-06-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530075 SELAN NOTLISTED Selan Exploration Technology Limited Equity 2024-04-01 2025-03-31 2024-07-31 2024-07-24 INR Lakhs First quarter 16:00:00 17:10:00 2024-07-31 2024-07-31 Not applicable Single segment Crude Oil & Natural Gas 2024-04-01 2024-06-30 Unaudited Standalone 634600000.00 22900000.00 657500000.00 0.00 0.00 -700000.00 50800000.00 900000.00 109900000.00 252200000.00 413100000.00 244400000.00 0.00 244400000.00 0.00 62500000.00 62500000.00 0.00 181900000.00 0.00 0.00 0.00 0.00 181900000.00 0.00 181900000.00 0.00 0.00 152000000.00 10 11.97 11.91 0.00 0.00 11.97 11.91 Notes: 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.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. 5. The Company has received 'in-principle' approval from BSE Limited and National Stock Exchange of India Limited for the Composite Scheme of Arrangement between Antelopus Energy Private Limited, the Company and their respective shareholders and creditors on 27th June, 2024. The Scheme is now subject to the approval of the Company's Stakeholders, National Company Law Tribunal- Chandigarh and other Regulatory Authorities. 6.During the quarter ended 31st December, 2023, shareholders had 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 equivalent to return of 14.25% (yield to maturity) on loan amount to the Company. As at 30th June, 2024, Company has disbursed Rs. 1134.00 Lakhs as loan to Antelopus Energy Private Limited. 7. 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 (PI) and operationship of the Cambay Field. Now, the Company has received an intimation from Synergia Energy, that they have been informed by the Directorate General of Hydrocarbons, that the request to transfer 50% PI in the Cambay Field PSC to the Company has been approved. Accordingly, the Company is in process to take necessary steps in this regard. 8. Previous period figures have been reclassified / regrouped / restated, wherever necessary. 9. The Figures for the quarter ended 31st March, 2024 represent the difference between the audited figures in respect of full financial year and unaudited figures of nine months ended 31st December, 2023. 10. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 31st July, 2024. The above results have been reviewed by the Statutory Auditor of the Company. Handling and Processing charges 8100000.00 Operating Expenses 37600000.00 Other Expenses 57700000.00 Royalty and cess 148800000.00 0.00 0.00