NAGAROIL

NAGAROIL: Members of the Exchange are hereby informed that trading in securities of Nagarjuna Oil Refinery Limited will be suspended with effect from December 26, 2019 (closing hour of trading on December 24, 2019) as per order no. IA No. 852/2019 in CP (IB) 48/7/HDB/2019 passed by Hon ble National Company Law Tribunal, Hyderabad Bench for appointment of official Liquidator and commencement of liquidation process for the company.

NAGAROIL:The Exchange had sought clarification from Nagarjuna Oil Refinery Limited with respect to announcement dated 09-Nov-2018, regarding " Nagarjuna Oil Refinery Limited has informed the Exchange regarding Board meeting held on November 09, 2018.".On basis of above the Company is required to clarify following:1. Brief profile (in case of appointment)<br>The response of the Company is attached.

NAGAROIL:The Exchange has sought clarification from Nagarjuna Oil Refinery Limited with respect to announcement dated 09-Nov-2018, regarding " Nagarjuna Oil Refinery Limited has informed the Exchange regarding Board meeting held on November 09, 2018.". On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment)<br> The response of the Company is awaited.

The Exchange has sought clarification from Nagarjuna Oil Refinery Limited with respect to recent news item captioned "BPCL in race for Nagarjuna Oil refinery". 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. Nagarjuna Oil Refinery Limited has submitted their response.

The Exchange has sought clarification from Nagarjuna Oil Refinery Limited with respect to recent news item captioned "BPCL in race for Nagarjuna Oil refinery". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

Significant increase in price has been observed in Nagarjuna Oil Refinery 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. Nagarjuna Oil Refinery Limited has submitted their response.

The Exchange has sought clarification from Nagarjuna Oil Refinery Limited with respect to recent news item captioned "Nagarjuna in talks with Saudi royal family to revive refinery". 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. Nagarjuna Oil Refinery Limited has submitted their response.

The Exchange has sought clarification from Nagarjuna Oil Refinery Limited with respect to recent news item captioned "Nagarjuna in talks with Saudi royal family to revive refinery". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from Nagarjuna Oil Refinery Limited with respect to recent news item captioned "IOC looking at buying stake in Nagarjuna Oil's Cuddalore unit". 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. Nagarjuna Oil Refinery Limited has submitted their response.

The Exchange has sought clarification from Nagarjuna Oil Refinery Limited with respect to recent news item captioned "IOC looking at buying stake in Nagarjuna Oil's Cuddalore unit". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following:a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from Nagarjuna Oil Refinery Limited with respect to a news item captioned "Netoil to buy Nagarjuna Share". The Company has clarified that "Netoil (Singapore) (PTE) Limited (Netoil), Singapore, is undertaking Due Diligence towards the acquisition of the entire Equity Capital held by the company in Nagarjuna Oil Corporation Limited (NOCL). The acquisition is subject to Due Diligence, approval by the existing Promoters and other shareholders, approval of lenders and the Board of Netoil. On the completion of Due Diligence and confirmation by Netoil and finalit

The Exchange has sought clarification from Nagarjuna Oil Refinery Limited with respect to recent news item captioned "Netoil to buy Nagarjuna Share". 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

Price movement : Significant price movement has been observed in Nagarjuna Oil Refinery 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. Nagarjuna Oil Refinery Limited has vide its letter inter-alia stated, "There is no announcement or information pending as on date from our end which may have bearing on the price / volume behavior in the scrip."

Price movement : Significant price movement has been observed in Nagarjuna Oil Refinery 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. Nagarjuna Oil Refinery Limited has vide its letter inter-alia stated,"There is no announcement or information pending as on date from our end which may have a bearing on the price/volume behaviour in the scrip."