Board Meeting Announcement
This is to inform that a Meeting of Board of Directors of the Company will be held on Thursday, the 28th January 2010 at 11.00 A M at the Registered Office of the Company to transact the following items.
1)To consider and take on record the Unaudited Quarterly Standalone Financial Results of the Company for the period ended 31st December 2009.
2) To consider and take on record the Unaudited Quarterly Consolidated Financial Results of the Company for the period ended 31st December 2009.
Kindly take the information on record.
This is to inform that the Semisubmersible Rig Aban Pearl owned by the wholly owned subsidiary has commenced its drilling operations on 19th January 2010.
This is to inform that in the forth comming Board Meeting scheduled to be held on 28th January 2010, the Board will also consider forfeiture of partly paid shares.
This is to inform that the Board of Directors at their meeting held today had forfeited 16000 Party Paid Equity Shares of the Company.
SUB: CARE rating for Non convertible Cumulative Redeemable Preference Shares of Rs.150 Crs, Rs.156 Crores and Rs.20 Crores issued by the Company---
This is to inform that Credit Analysis & Research Ltd. (CARE) has revised the ratings for the Cumulative Non-Convertible Redeemable Preference Shares (CRPS) issued by the Company. The revised ratings stand at ‘CARE BB (RPS)’ [DOUBLE B (Redeemable Preference Shares)].
This has reference to our letter dated 28th January 2010 intimating forfeiture of 16000 partly paid shares. The Board of Directors have resolved to annul 2600 Equity Shares forfeited earlier.