Summary of Key Information:

Reporting Period (Quarter/Year): Progress update for period up to June 2026 in FY 2026-27

Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI Listing Regulations - Outcome of Board Meeting

Date of Board Meeting / Approval: 20th July 2026

Key Operational Highlights:

Drilling Performance for FY 2026-27 (up to June 2026):

  • Annual Drilling Target: 12.00 lakh meters
  • Departmental drilling target: 4.30 lakh meters
  • Outsourced drilling target: 7.70 lakh meters

Actual Achievement:

  • Departmental drilling: 1.024 lakh meters (109% of target)
  • Outsourced drilling: 1.700 lakh meters (94% of target)
  • Total drilling achievement: 99% of target
  • Year-over-year growth: 10% increase in total drilling compared to June 2025

Seismic Survey Performance:

  • Annual Target: 475.00 Line KM of 2D/3D Seismic survey
  • Achievement up to June 2026: 150.616 Line KM (116% of target)

Committee Reconstitutions (effective 20th July 2026):

Audit Committee:

  • Chairman: Shri Rajesh Davera
  • Members: Shri Mukesh Agrawal, Shri Marapally Venkateshwarlu, Shri Anand Shekhar Singh, Shri Ajay Kumar

CSR Committee:

  • Chairman: Shri Marapally Venkateshwarlu
  • Members: Shri Anand Shekhar Singh, Shri Rajesh Davera, Shri Nripendra Nath

Nomination and Remuneration Committee:

  • Chairman: Shri Anand Shekhar Singh
  • Members: Shri Marapally Venkateshwarlu, Shri Mukesh Agrawal, Shri Rajesh Davera

Stakeholder Relationship Committee:

  • Chairman: Shri Mukesh Agrawal
  • Members: Shri Rajesh Davera, Shri Anand Shekhar Singh, Shri Ajay Kumar

Strategic Initiatives:

Memorandum of Understanding with Duke University, USA:

  • Approved a draft non-binding MoU for five (5) years
  • Collaboration areas: Critical minerals, sustainable mining, clean energy, methane mitigation, carbon credits, mine repurposing, and capacity building
  • Partnership focus: Joint research, technology development, sample testing, knowledge exchange, training programmes, and collaborative projects
  • Financial implications: The MoU itself does not create any financial or legal obligations
  • Future projects: Any specific projects will be undertaken separately with requisite approvals

Corporate Governance:

AGM Cut-off Date:

  • Monday, 10th August 2026 fixed as cut-off date for determining eligibility of members entitled to vote through remote e-voting and e-voting at the AGM