
Quarterly Result29 May 2026, 12:40 am
538537 Board Approves Q4/FY26 Results, Acquires 90% Dipling Block
AI Summary
The Board of Directors of 538537 approved the audited standalone financial results for the quarter and financial year ended March 31, 2026. In addition to the financial approvals, the Board also sanctioned an assignment agreement with M/s Tvisha Corporate Advisors LLP for receivables and payables. A significant "Farm-In Agreement" was executed, leading to the acquisition of a 90% participating interest in the Dipling Cluster – DSF – 2016 Block from a consortium. Furthermore, the Board approved the reclassification of M/s Raconteur Granite Limited from a promoter to a public shareholder.
Key Highlights
- Board approved audited financial results for Q4 and FY ended March 31, 2026.
- Company acquired 90% participating interest in Dipling Cluster oil block.
- Promoter M/s Raconteur Granite Limited reclassified as public shareholder.
- Assignment agreement for receivables and payables was executed.
Price Impact
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