In terms of Clause 41 of the Listing Agreement, Board of Directors of the Company at its meeting held on April 20, 2010 approved the Statement of Unaudited financial results for the fourth quarter and year ended March 31, 2010. 

Click here to download Postal Ballot Notice.

Click here to download Postal Ballot Form

 

On March 18, 2010, Company has taken delivery of a second hand Jack Up Rig, to be renamed as ‘AMARNATH’.

With the delivery of the said Jack Up Rig, the Company’s fleet strength stands as follows:

Type of fleet	Nos.
Drilling Rig	3
Offshore Support Vessel	29
Harbour Tug	12
Construction Barge	2
Floating Dry Dock	1
Total	47

 

At its meeting held today i.e. March 15, 2010, the Board of Directors has decided to conduct a Postal Ballot, pursuant to Section 192(A) of the Companies Act, 1956 (“the Act”) to pass the following resolutions by the members of the Company:

1. Special Resolution under Section 81(1A) of the Act, to authorise the Board for further issue of securities upto an amount not exceeding Rs.1750 crores in the form of equity shares, bonds or debentures or other securities;
2. Reclassification of the Share Capital of the Company and amendment of the Capital Clause of the Memorandum of Association of the Company;
3. Appointment of Shri Vijay Kumar as Director of the Company;
4. Appointment of Shri Prakash Chandra Kapoor as Director of the Company;
5. Appointment of Shri Chetan D. Mehra as Director of the Company;
6. Special Resolution for appointment of Shri Vijay Kumar as Executive Director of the Company;
7. Special Resolution for appointment of Shri Prakash Chandra Kapoor as Executive Director of the Company.

 

At its meeting held today, February 19, 2010, the Board of Directors decided:

1. to seek the approval of the Company in general meeting to raise funds not exceeding Rs. 1750 crores in the form of equity shares, bonds or debentures , or other securities to augment the resources of the Company to provide for offering broad spectrum of services to upstream oil & gas producers to carry out exploration and production activities.
2. subject to the approval of the Company in General Meeting, to re-classify the existing preference share capital comprised in the Authorised Share Capital into 5 crores equity shares of Rs. 10/- each aggregating to Rs. 50 crores and 10 lakhs cumulative redeemable preference shares of Rs.1000/- each aggregating to Rs. 100 crores.