In terms of Regulation 30 of the Listing Regulations and in furtherance to our intimation dated 18th March, 2025 on the subject, Fine imposed by BSE Limited and National Stock Exchange of India Limited on the Company for the quarter ended on 31st December, 2024 , this is to hereby inform that the Board of Directors of the Company at its Meeting held on 28th March, 2025 has, inter-alia, considered and took on record the fines imposed by the Stock Exchanges on the Company for the quarter ended on 31st December, 2024.In this regard, the Board took note of the fact that the Company is a Central Public Sector Enterprise under the control of the Ministry of Petroleum and Natural Gas, Government of India, being the Administrative Ministry. Further, the Articles of Association of the Company vide Article 7A states that so long as the Company remains a Government Company, the President of India shall, subject to provisions of the Companies Act, 2013, be entitled to appoint one or more Directors on the Board of the Company. Accordingly, the composition of the Board of Directors of the Company is dependent on direction by the Administrative Ministry and thus, the said non-compliance was due to factors which are beyond the control of the Company. Accordingly, the Company had made representation before the Stock Exchanges for waiver of such fines. The Board confirmed the contents of the aforesaid representations.