VARUN

Members of the Exchange are hereby notified that in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, Section 21A of the Securities Contract (Regulations) Act, 1956, Rule 21(2) b of Securities Contract (Regulations) Rules, 1957, it has been decided to delist (withdraw the admission to dealings in) equity shares of the Varun Industries Limited w.e.f. May 30, 2018.

Members of the Exchange are hereby informed that the Exchange on February 28, 2018 has issued public notice in the newspaper for�� proposed compulsory delisting of equity shares of the company, in term of Regulation 22 (3) of SEBI (Delisting of Equity shares) Regulation, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/common/CorporateAnnouncements).

Varun Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 20, 2015, the Resignation of : a) Mr. Jitendra J. Gandhi - Company Secretary & Compliance Officer b) Mr. Mayur Doshi - Chief Financial Officer.

Varun Industries Limited has informed the Exchange that liquidation proceedings has been initiated against the Company vide order dated September 30, 2014 passed by the Hon'ble Bombay High Court in Company Petition No 172 of 2014 since the Company was unable to make payment of installments on February 25, 2015 in terms of the said Order. The Company is in process of taking necessary legal action before the appropriate court for setting aside the said Order.

Varun Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 20, 2015, took note of the Resignation of : a. Mr. Mahender R. Tahilramani - Director b. Mr. R. N. Sharma - Director.

Members of the Exchange are hereby informed that the securities of Varun Industries Limited shall be transferred to BZ series with effect from September 24, 2014 due to non-compliances of the Clause 41 of the Listing Agreement for two consecutive quarters i.e. March 2014 and June 2014.

Varun Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on September 13, 2014, inter-alia has considered and approved the delisting proposal pursuant to Clause 36(7)(iv) of the listing agreement and in accordance with section 8(1)(a) of SEBI (Delisting of Equiy Shares) Regulations, 2009 of the Company's Shares from NSEIL in terms of the Voluntary Delisting Guidelines / Norms prescribed under the SEBI (Delisting of Securities) Guidelines, 2003 and any other law as may be applicable.

Price movement : Significant price movement has been observed in Varun Industries 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. Varun Industries Limited has vide its letter inter-alia stated, "We would like to state that there are no events, information etc. pendng from our side that have a bearing on the operation / performance of the Company which include all price sensitive information etc."

Varun Industries Limited has informed the Exchange regarding a proceeding of the Extra-Ordinary General Meeting of the Company held on March 27, 2014.

Varun Industries Limited has submitted to the Exchange vide letter dated March 11, 2014 a copy of the notice of the Extraordinary General Meeting of the members of the Company scheduled to be held on March 27, 2014.

Varun Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 14, 2014 has approved / transacted the following: 1. The Auditors of the Company has resigned as Auditors of the Company due to their personal reasons from the close of business hours of February 14, 2014 and appointment of new Statutory Auditors in its place. 2. A draft of the notice convening an Extra Ordinary General Meeting of the Members to be held on March 27, 2014.

Varun Industries Limited has submitted to the exchange the standalone financial results for the period ended 31-Dec-2013.

Varun Industries Limited has informed the Exchange with reference to the earlier announcement dated October 17, 2013 that action under SARFESI Act, 2002 has been initiated by the Consortium Lenders. The matter was listed in Debt Recovery Tribunal (DRT), Mumbai for hearing on November 18, 2013. However, the Company has not received copy of order passed by DRT after its hearing. The Company shall inform the Exchange the contents of the order passed by DRT immediately after receipt of the same.

Varun Industries Limited has submitted to the exchange the standalone financial results for the period ended 30-Sep-2013.

Varun Industries Limited has informed the Exchange that the Company has received show cause notices from its Consortium Lenders under the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Act, 2002. The Company is in the process of suitably addressing / responding to the same.

Varun Industries Limited has informed the Exchange that Mr. Raaja Jain has resigned from the Board of Directors of the Company with effect from September 26, 2013 due to his pre-occupation elsewhere.

Varun Industries Limited has informed the Exchange regarding the Voting Results at the Annual General Meeting of the Company held on September 26, 2013, under Clause 35A of the Listing Agreement.

Varun Industries Limited has submitted to the Exchange the Standalone Financial Results along with the Limited Review Report for the period ended June 30,2013.

Varun Industries Limited has informed the Exchange that the Company has fixed Book Closure from September 23, 2013 to September 26, 2013 (both days inclusive) for the purpose of Annual General Meeting scheduled to be held on September 26, 2013.

Varun Industries Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended March 31,2013.

Varun Industries Limited has informed the Exchange regarding the Proceedings of Extra Ordinary General Meeting of the Members of the Company held on April 18, 2013.

Varun Industries Limited has informed the Exchange that 1. Mr. R. Somani has been resigned as Vice - President ( Legal ), Company Secretary and Compliance Officer of the Company w.e.f. March 18,2013. 2. Mr. Jitendra J. Gandhi has been appointed as General Manager ( Corporate ), Company Secretary and Compliance Officer of the Company w.e.f. March 19, 2013.

Varun Industries Limited has submitted to the Exchange a copy of Notice of Extra Ordinary General Meeting of the Members of the Company to be held on April 18, 2013.

Kiran N. Mehta has submitted to the Exchange vide letter dated March 11, 2012 a copy of Disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.

Varun Industries Limited has informed the Exchange that the Board of Directors at their meeting held on February 14, 2013 has decided the following: (1). Issue of 1,56,04,250 Equity Shares of Rs.10/- each at a price of Rs. 22.59 each in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time and Companies Act 1956, on preferential basis to the Promoter Group of the Company. (2). A draft of a notice convening an Extra Ordinary General Meeting of the members to be held on April 18, 2013 was approved.(3). Mr. R. Somani has resigned from

Varun Industries Limited has submitted to the Exchange the Standalone Financial Results for the period ended December 31,2012.

Varun Industries Limited has informed the Exchange that at the Board Meeting of the Company held on December 31, 2012 the Board transacted the following business: (1) The Board considered and accepted the approval of Corporate Debt Restructuring (CDR) proposal of the Company by Corporate Debt Restructuring (CDR) cell vide their Letter No. By. CDR (SSA) No.867/2012-13 dated December 28, 2012.(2) As the conditions stipulated in the CDR package the Board has approved the allotment of appropriate number of Equity Shares to Promoters of the Company, on preferential basis, so that Rs. 36 Crores is

Varun Industries Limited has submitted to the Exchange the Standalone Financial Results for the period ended September 30,2012.

Varun Industries Limited has informed the Exchange regarding the Proceedings of the Annual General Meeting of the Members of the Company held on September 27, 2012.

Varun Industries Limited has submitted to the Exchange a copy of the Notice of the Annual General Meeting of the company to be held on September 27, 2012.

Kiran N Mehta has submitted to the Exchange, vide letter dated September 12, 2012 a copy of Disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 regarding invocation of pledge on shares.

Varun Industries Limited has informed the Exchange that the Board of Directors at their meeting held on September 03, 2012, appointed Shri Kuresh Taherbhai Rajkotwala as Additional Director with immediate effect to hold office up to the date of the ensuing Annual General Meeting.

Varun Industries Limited has informed the Exchange that the Annual General Meeting of the Company shall be held on September 27, 2012. Further, the Register of the Members and the Share Transfer Register shall be closed from September 22, 2012 to September 27, 2012 (both days inclusive) for the purpose of the Annual General Meeting.

Kiran N Mehta has submitted to the Exchange, vide letter dated August 23, 2012 a copy of Disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 regarding invocation of pledge on shares.

Kailash S Agarwal has submitted to the Exchange vide its letter dated August 16, 2012 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Shri. Kiran N Mehta has submitted to the Exchange vide its letter August 14, 2012, a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Varun Industries Limited has submitted to the Exchange the Standalone Financial Results along with the Limited Review Report for the period ended June 30,2012.

Varun Industries Limited has submitted to the Exchange the Standalone Financial Results for the period ended March 31,2012.

Varun Industries Limited has informed the Exchange that the Companies proposal for Corporate Debt Restructuring (CDR) has been admitted by CDR Cell vide their letter dated August 02, 2012.

Kiran Mehta has submitted to the Exchange, vide letter dated July 16, 2012 a copy of Disclosure under Regulation 31(1) and 31(2) of SEBI Regulations, 2011.

Kiran N. Mehta has submitted to the Exchange vide letter dated July 04, 2012 a copy of Disclosure in terms of Regulation 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Kiran N. Mehta has submitted to the Exchange vide letter dated June 16, 2012 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Varun Industries Limited has informed the Exchange vide its letter dated June 18, 2012 that Mr Kiran N. Bade has been resigned as Vice-President (Legal) & Company Secretary of the Company w.e.f. June 14, 2012. Further the Company has appointed Mr. R. Somani as Vice-President(Corporate) & Company Secretary of the Company w.e.f June, 15, 2012.

Kiran N. Mehta has submitted to the Exchange vide its letter dated June 13, 2012 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Varun Industries Limited has informed the Exchange that the Board of Directors at their meeting held on May 14, 2012, appointed Shri Mahender Tahilramani as an Additional Director with immediate effect to hold office up to the date of the ensuing Annual General Meeting.

Varun Industries Limited has informed the Exchange that Varun Group which holds exploration rights for Onshore Oil Block 3101 at Madagascar covering an area of about 6884 Sq. Km. had entered into joint venture co-operation agreement with M/s. Sure King Varun Hong Kong Ltd. (SKVHL) as SPV formed at Hong Kong between Varun Group and Da Qing Oil Field Company. Further the Company has informed that, the above transaction with Da Qing Oil Field Company, China (Sure King International Ltd.) cannot be proceeded with as per the MOU and Joint venture co-operation agreement and hence the transaction cou

Kiran N. Mehta has submitted to the Exchange a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 along with a copy of disclosure pursuant to Regulation 13(4), 13(4A) and 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992.

Varun Industries Limited has submitted to the Exchange the Standalone Financial Results for the period ended March 31,2012.

Kiran N. Mehta has submitted to the Exchange vide its letter dated May 08, 2012 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Kiran N. Mehta has submitted to the Exchange vide its letter dated May 08, 2012 a copy of disclosure pursuant to Regulation 13(4), 13(4A) and 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992.