ESSAROIL

Essar Oil Limited has informed the Exchange regarding Public Notice for the attention of the erstwhile Equity Shareholders whose Equity Share(s) were tendered and accepted under the delisting offer or exit offer of the Company.

Essar Oil Limited has informed the Exchange regarding Public Announcement and Exit Offer Letter to remaining public shareholders under delisting process.

Essar Oil Limited has informed the Exchange regarding a press release dated February 09, 2016, titled" Essar Oil Limited reports strong performance for the quarter ended December 31, 2015; registers highest ever gross refining margin".

Essar Oil Limited has submitted to the Exchange the standalone financial results along with the Limited Review Report for the period ended December 31, 2015.

Members of the Exchange are hereby informed that the trading in the equity shares of Essar Oil Limited shall be suspended w.e.f. February 10, 2016 (i.e. w.e.f. closing hours of trading on February 09, 2016) on account of voluntary delisting pursuant to the SEBI (Delisting of Equity Shares) Regulations, 2009. The admission to dealings in securities of the said company shall be withdrawn (delisted) w.e.f. February 17, 2016.

Essar Oil Limited has informed the Exchange that the Board of Directors of the Company has appointed Capt. B. S. Kumar as an Independent Director w.e.f December 30, 2015 for a period of three years.

Essar Oil Limited has informed the Exchange regarding post offer public announcement for Voluntary delisting of the equity shares of the Company.

Essar Oil Limited has informed the Exchange that in terms of regulation 30(5) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ("the Regulations") the Key Managerial Personnel of the Company viz. Mr. L. K. Gupta, Managing Director & CEO, Mr. Suresh Jain, Chief Financial Officer and Mr. Sheikh S Shaffi, Company Secretary have been severally authorized to determine materiality of events or information and make disclosures to stock exchanges.

Essar Oil Limited has informed the Exchange that Mr. D J. Thakkar whose term in office as Independent Director of the Company comes to an end on December 23, 2015 has been reappointed as Independent Director by the Board of Directors for a second term of three years effective from December 24, 2015.

JM Financial Institutional Securities Limited and Axis Capital Limited (Managers to the offer) has made a public announcement on behalf of Oil Bidco (Mautitius) Limited ("OBML"/the "Promoter") in respect of proposed acquisition and voluntary delisting ("Offer"/ "Delisting") of the equity shares of face value of Rs. 10 each ("Equity Shares") of Essar Oil Limited ("Company") pursuant to Regulation 10 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulation, 2009, as amended ("Delisting Regulations").

Essar Oil Limited has informed the Exchange that that the Promoters of the Company have issued a public announcement on December 5, 2015 in accordance with Regulation 10 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, as amended , in respect of the proposed acquisition and voluntary delisting of the equity shares of Company from BSE Limited and National Stock Exchange of India Limited.

The Exchange had sought clarification from Essar Oil Limited with respect to recent news item captioned "Ruias to sell Kurla biz park for Rs.2,400 cr".On basis of above, The reply from the Company is attached.

The Exchange has sought clarification from Essar Oil Limited with respect to recent news item captioned "Ruias to sell Kurla biz park for Rs.2,400 cr". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that

Essar Oil Limited has informed the Exchange that the Company has on November 18, 2015 allotted 5,43,961 equity shares of face value of Rs. 10/- each to the Essar Oil Employee Stock Option Scheme Trust pursuant to the Essar Oil Limited Employees Stock Option Scheme - 2011 against an equal number of Options to enable eligible employees to exercise their Options vesting at the end of 4th yearfrom the grant date. In view of the above the paid-up capital of the Company has been increased to Rs.14,50,66,83,590 divided into 145,06,68,359 equity shares of Rs.10/- each.

Essar Oil Limited has submitted to the exchange the standalone financial results along with the Limited Review Report for the period ended 30-Sep-2015.

Essar Oil Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 30, 2015.

Essar Oil Limited has informed the Exchange regarding "Commencement of operations at Company's Refinery at Vadinar".

Essar Oil Limited has informed the Exchange that Mr D K Varma who was Independent Director of the Company has ceased to be director effective from October 10, 2015 upon completion of his tenure of one year.

Essar Oil Limited has submitted to the Exchange the details of voting results of the Annual General Meeting of the Company held on the September 30, 2015 pursuant to clause 35A of the Listing Agreement.

Essar Oil Limited has informed the Exchange regarding the AGM of the Company held on September 30, 2015.

Essar Oil Limited has informed the Exchange regarding a press release dated September 16, 2015 titled "Essar Oil to undertake 30 days refinery shutdown".

Essar Oil Limited has submitted to the Exchange a Newspaper copy of notice of Annual General Meeting of the members of the Company to be held on September 30, 2015.

Essar Oil Limited has informed the Exchange that the Register of Members & Share Transfer Books of the Company will remain closed from September 29, 2015 to September 30, 2015 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 30, 2015.

Essar Oil Limited has informed the Exchange that the Nomination and Remuneration Committee of the Board of Directors has on July 29, 2015 noted forfeiture of 28,081 stock options out of the options granted by the Company pursuant to Essar Oil Employee Stock Option Scheme 2011.

Essar Oil Limited has submitted to the exchange the standalone financial results along with the Limited Review Report for the period ended 30-Jun-2015.

Essar Oil Limited has informed the Exchange that the trading window was closed with effect from July 01, 2015 for the purpose of adoption of unaudited financial results.

Essar Oil Limited has informed the Exchange regarding a press release dated July 29, 2015 titled " Strong Quarterly Performance by Essar Oil ".

Essar Oil Limited has informed the Exchange that the Company has July 28, 2015 allotted 6,07,498 equity shares of face value of Rs. 10/- each to the Essar Oil Employee Stock Option Trust pursuant to the Essar Oil Limited Employees Stock Option Scheme- 2011 against an equal number of Options to enable eligible employees to exercise their Options that have vested at the end of 3rd year from the grant date.In view of the above the paid-up capital of the Company has been increased to Rs.14,50, 12,43,980 divided into 145,01,24,398 equity shares of Rs. 10/- each.

Essar Oil Limited has informed the Exchange regarding a press release dated July 9, 2015 titled "Rosneft and Essar Expand Integrated Cooperation".

News Verification : The media had reports "Promoters plan to sell 51% stake sale. Sale likely to happen at premium to mkt price. Stake sale may trigger 26% open offer.". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Essar Oil Limited has vide its letter inter-alia stated, "The Company has already informed the Stock Exchanges last Friday, 12th June, 2015 stating that there is no event, information or development in the Company whi

The Exchange has sought clarification from Essar Oil Limited with respect to recent news item captioned "Promoters plan to sell 51% stake sale. Sale likely to happen at premium to mkt price. Stake sale may trigger 26% open offer". In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order from the start of negotiations till date. b) Whether you/company a

Spurt in Volume : Substantial increase in trading volumes have been observed in Essar Oil Limited.. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Essar Oil Limited has vide its letter inter-alia stated, "that as on date there is no event, information or development in the Company which is required to be intimated as per clause 36 of the listing agreement."

Essar Oil Limited has informed the Exchange that Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 (SEBI Regulations) the Company has amended the existing Codes and adopted the following revised Codes: 1. Codes of Practices and Procedures for the fair disclosure of Unpublished Price Sensitive Information . 2. Code of Conduct for Prevention of Insider Trading under Regulation 9(1) of the SEBI Regulations.

Essar Oil Limited has informed the Exchange that the Board of Directors of the Company held on May 25, 2015, the following business was transacted : (1) Dr. Sabyasachi Sen has been appointed as Independent Director of the Company w.e.f May 25, 2015 (2) Resignation tendered by Mr. T. S. Narayanasmi, Independent Director effective from May 25, 2015 was noted by the Board.

Essar Oil Limited has submitted to the exchange the standalone & consolidated financial results for the period ended 31-Mar-2015.

Essar Oil Limited has informed the Exchange regarding a press release dated May 25, 2015, titled "Essar Oil Reports Strong Financials".

Essar Energy Holdings Limited has submitted to the Exchange vide letter dated April 08, 2015 a copy of disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Essar Oil Limited has informed the Exchange regarding a press release dated April 6, 2015 titled "Essar's Raniganj Coal Bed Methane Asset in West Bengal crosses 0.5 million scmd production".

Essar Oil Limited has informed the Exchange that the following changes in the Board of Directors of the Company: a) The Board of Directors has appointed Ms. Rugmani Shankar as an Independent Director w.e.f. March 31, 2015. With this appointment , the Company has complied with the requirement of appointing a woman Director on the Board under the Listing Agreement and the Companies Act, 2013. b) Mr. S. V. Venkatesan , Independent Director has resigned from the Board of Directors of the Company w.e.f. March 31, 2015.

Essar Oil Limited has informed the Exchange regarding clarification on news item captioned "Essar pitches for deeper ties with Russia's Rosneft". The Company has clarified that "Company's letter dated December 11, 2014 Company have already informed the Stock exchanges about signing of key terms between Roseneft and Essar for supply of oil & oil products to the refinery in India. While the details of these agreed key terms are being worked out, Company would like to clarify that there is no other event or development of the nature reported in the article which is required to be disclosed under

The Exchange had sought clarification from Essar Oil Limited with respect to a news item captioned "DRI slaps Rs. 2,600-cr tax notice on Essar". The Company has clarified that "The Show Cause notice issued by DRI as far as it relates to Essar Oil ltd., alleging that the difference amount of Rs. 655 crore between declared value of Capital Goods imported by us amounting to Rs. 2845 crore and as estimated by DRI amounting to Rs. 2,190 crore, is based on incomplete facts and extrapolation of convenient data points. We strongly deny each and every allegation levelled therein. It may be stated that

The Exchange has sought clarification from Essar Oil Limited with respect to recent news item captioned "DRI slaps Rs. 2,600-cr tax notice on Essar". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that ha

The Exchange had sought clarification from Essar Oil Limited with reference to recent media reports on "Corporate Espionage". The Company has clarified that "We have noted with concern that one of our employees has been arrested by the authorities. Essar Oil is a law abiding corporate following a zero tolerance policy towards acts which are against the law of the land. The company reiterates that neither it has directly nor has it authorised anybody to conduct any acts not in compliance with law. We will also launch an internal probe to investigate the matter and in the meanwhile are extending

The Exchange has sought clarification from Essar Oil Limited with reference to recent media reports on "Corporate Espionage". In this regard the Exchange has advised the Company to provide clarification/confirmation in respect of the above media report whether the said information is true and whether the said media report would have any impact on the operations of the Company.

The Exchange had sought clarification from Essar Oil Limited with respect to a news item captioned "Gulf petro acquires essars kenyan operation". The Company has clarified that "The Company neither directly nor through its subsidiary is having any marketing operations in Kenya. These operations are being carried on by a group company, Essar Petroleum East Africa Limited. Our name has been wrongly quoted by the print media in the article".

The Exchange has sought clarification from Essar Oil Limited with respect to recent news item captioned "Gulf petro acquires essars kenyan operation". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that h

Essar Oil Limited has informed the Exchange regarding a press release dated February 10, 2015 titled "Q3FY15 Highlights".

Essar Oil Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on February 10, 2015, the following business was transacted: 1. The Board of Directors of the Company has, pursuant to the recommendation made by Nomination and Remunration Committee, approved the re-appointment of Mr. C. Manoharan as Director (Refinery) for a period of 3 years w.e.f. March 29, 2015.

Essar Oil Limited has submitted to the exchange the standalone financial results along with the Limited Review Report for the period ended 31-Dec-2014.

Essar Oil Limited has submitted to the Exchange a copy of Minutes of the Annual General Meeting of the Company held on December 24, 2014 along with the Voting Pattern & Chairman Speech.