Selan Exploration Technology Limited — Important, 12-08-2025: Updates

SELAN Exploration Technology's Board reviewed Q1 FY26 results. Net Revenue from Operations was ₹50.63 Cr, with Net Profit at ₹11.22 Cr. The company allotted nearly 2 crore new equity shares (₹10 face value) to Antelopus Energy shareholders following their merger, pending listing. A major strategic move is the progression to acquire the remaining 50% participating interest in the Cambay Field for USD 14 million (total future payments, with an initial USD 0.5 million). This will give SELAN full ownership of the asset, replacing prior carry obligations. A name change to Antelopus Selan Energy Limited is also pending.