Selan Exploration Technology Limited — Others, 04-06-2025: Shareholders meeting

Selan Exploration Technology Limited has announced a board meeting to seek shareholder approval via postal ballot for raising its borrowing limits up to INR 500 Crores. The board also plans to authorize creating charges and security interests on the company’s movable and immovable assets, including hydrocarbon properties, to secure these borrowings. This step is aimed at supporting ongoing operations and future business plans by ensuring sufficient working capital. Shareholders will vote electronically, with results disclosed to stock exchanges and the company’s website.