Selan Exploration Technology Limited has informed the Exchange regarding Outcome of Board Meeting held on July 07, 2025.
ANTELOPUS · price
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The board of Selan Exploration Technology Limited has confirmed that the Composite Scheme of Arrangement (amalgamation) between Antelopus Energy Private Limited and Selan Exploration Technology Limited has become effective from July 5, 2025, after the company filed e-form INC-28 with the Registrar of Companies. The NCLT had sanctioned the scheme on June 10, 2025, with a rectification order on July 1, 2025, and the appointed date is April 1, 2023. The board fixed July 5, 2025 as the record date for identifying equity shareholders of the transferor company who will receive shares of Selan as consideration under the scheme, with no fractional entitlements. The company's authorized share capital has automatically increased to ₹82.50 crore, divided into 8.25 crore equity shares of ₹10 each. The company will also change its name from 'Selan Exploration Technology Limited' to 'Antelopus Selan Energy Limited', subject to RoC filings and necessary approvals.
Shareholders of Antelopus Energy Private Limited as on the record date (July 5, 2025) will receive equity shares of Selan in exchange, with no fractional entitlements issued. The amalgamation is now effective, leading to a larger combined entity, higher share capital, and a new corporate name—investors should expect share issuances and a name change on the stock exchange in due course.