Selan Exploration Technology Limited — Important, 03-04-2025: Updates

The Hon’ble NCLT Chandigarh Bench has conducted a joint hearing regarding the Composite Scheme of Arrangement involving Selan Exploration Technology Limited and Antelopus Energy Private Limited. During the proceedings, the Regional Director from the Income Tax Department sought additional time to submit their response. As a result, the next hearing has been scheduled for May 01, 2025, where further consideration and potential approval of the scheme will take place. This ongoing process could play a crucial role in shaping the companies' future strategies and operational structures, warranting close monitoring by investors.