ESSAROIL

Essar Oil Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 20, 2014 has transacted the following: (1) Noting change of district in which the Registered office is situated: The Board noted the change in district in which the Registered Office of the Company is situated. Accordingly, the Registered Office address is: Khambhalia Post, P O Box 24, District Devbhumi Dwarka, Gujarat-361305.(2). Resignation of Mr. Philip Aiken. Non - Executive Director :The Board took note of resignation tendered by Mr. Philip Aiken with effect from May 19, 2014.

Essar Oil Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on October 25, 2013 has transacted the following business: (1) The resignation of Mr. Melwyn Rego, Nominee of IDBI Bank Ltd was noted.(2) The Board approved appointment of Mr. Sushil Maroo, CEO and Director of parent company Essar Energy Plc, as Non-Executive, Non-Independent Director of the Company with effect from October 25, 2013.

Essar Oil Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on August 14, 2013, has transacted the following business: 1. The resignation of Mr. Shashikant N. Ruia, Chairman, was approved with effect from August 14, 2013. 2. The Board approved appointment of Mr. Prashant S. Ruia, a Non - Executive director of the Company as Non - Executive Chairman with effect from August 14, 2013.

Essar Oil Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held on January 15, 2013, the following business was transacted :(1) Appointment of Mr R Sudarsan as Nominee of LIC of India in place of Mr.V K Sinha was noted.

Essar Oil Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on November 09, 2012 has appointed Mr. Suneet Shukla as Nominee of IFCI Ltd. in place of Mrs. Manju Jain.

Essar Oil Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on August 14, 2012, the following business was transacted: (1) Mr. Prashant Ruia, Promoter and Mr. Philip Aiken, Independent director on the board of Parent Company, Essar Energy Plc. U.K., have been appointed as Non-Executive Directors on the Board. The Resignation of Mr. Anshuman Ruia, Director, was approved with effect from August 07, 2012.

Essar Oil Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on May 12, 2012, the following business was transacted : (1) The resignation of Shri Prashant S Ruia, Non Executive Director from the Board of Directors of the Company was accepted with effect from April 23, 2012.

Essar Oil Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on July 11, 2011, the following business was transacted : (1) Essar OiI Limited Employee Stock Option Scheme - 2011 : The Board has approved introduction of Essar Oil Limited Employees Stock Option Scheme - 2011 in accordance with the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999; (2) Raising of further capital : It was decided to seek revalidation of earlier approval of shareholders for passing an enabling res

Essar Oil Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held on January 17, 2011 the following business was transacted: The Company has planned a 35-day shutdown during May-June 2011 to complete the revamp of its Crude Distillation Unit to 18 MMTPA and FCCU (Fluidized Catalytic Cracking Unit) to 3.9 MMTPA, and carry out the tie-in jobs for the expansion units. The Company will also take advantage of the period of shutdown to carry out routine maintenance work at the Refinery.

Essar Oil Limited has informed the Exchange that a meeting of the Board of Directors of the Company held on July 26, 2010, the following business was transacted: (1) Appointment of Smt. Manju Jain as Nominees of IFCI Ltd. in place of Shri R P Singh was noted. (2) It was decided to seek approval of shareholders at the next AGM for appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad as auditors of the Company in place of retiring auditors M/s. Deloittee Haskins & Sells, Chartered Accountants, Mumbai.

Essar Oil Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held on May 18, 2009, the following business were transacted: 1) Resignation tendered by Shri Suresh Mathur, Non Executive Director on the Board was accepted. 2) The Board decided to seek approval of shareholders for extension of validity of enabling resolution passed at EGM held on February 28, 2008 for issue of further equity shares and/or convertible debentures and/or GDSs/ADRs/FCCBs by way of public and/or private offering in domestic / international market(s) and/or qualified institution

Essar Oil Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held on January 29, 2008, the following business was transacted: 1) Consolidation / Reorganisation of Upstream Exploration & Production business; 2) Raising of further capital. The Company has submitted to the Exchange a copy of the press release in this regard, dated January 29, 2008 a copy of which shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Further the company has info

Essar Oil Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held on November 16, 2007 the following business was transacted. (1) Expansion of the refinery capacity from 10.5 MMTPA to 34 MMTPA. (2) Raising of US$ 2.00 billion by issue of GDSs to Promoters/ Promoter Group on a Preferential offer basis. (3) Calling an Extraordinary General Meeting on December 18, 2007. In this regard Company has submitted a copy of press release dated November 16, 2007, titled "Essar Oil to expand refinery capacity to 34 million tonnes per annum at a cost of approx. US$

Essar Oil Limited has informed the Exchange that "A meeting of the Board of Directors of the Company held today, the 24th April, 2007, the following business were transacted : (1) Unaudited Financial Resutls (Provisional) for the quarter ended 31st March, 2007 : The Unaudited Financial Results (provisional) for the quarter ended 31st March, 2007, were adopted at the meeting. (2) Shri A N Sinha as Non Executive Director : Shri Awadesh N Sinha has completed his tenure as Managing director & CEO. He will however continue as Non Executive Director on the Board of the Company."

Essar Oil Limited has informed the Exchange that at a meeting of the BODs of the Company held on August 25, 2005, the following business were transacted: 1) Proposal to seek approval of members for issue of FCCBs/ GDRs / ADRs etc - The BODs decided to seek approval of the members at the ensuing AGM for issue of FCCBs / GDRs / ADRs or other convertible financial instruments outside India on preferential issue basis for an amount not exceeding US$ 300 million. 2) Alteration in Articles of Association of the Company - The BODs decided to increase the maximum strength of Directors from 13 to 15 an

Essar Oil Limited has informed the Exchange that the BODs of the company at their meeting held on December 13,2004,has approved and accepted the comprehensive revised debt restructuring package of the Company, approved by the Corporate debt Restructuring Cell of lenders, which inter-alia provides for restructuring of the existing loans and sanction of additional financial assistances by lenders to the Refinery Project. The Company is likely to execute the Master Restructuring Agreement (consolidated Loan Agreement) and other related documents with the lenders shortly. The Board has also taken