In terms of Regulation 30 of the Listing Regulations and in furtherance to our intimation dated 30th August, 2025 on the subject, Fines imposed by BSE Limited and National Stock Exchange of India Limited on the Company for the quarter ended on 30th June, 2025 , this is to hereby inform that the Board of Directors of the Company at its Meeting held on 15th September, 2025 has, inter-alia, considered and took on record the fines imposed by the Stock Exchanges on the Company on account of its non-compliance with Regulation 17(1) and Regulation 19(1) of the Listing Regulations for the quarter ended on 30th June, 2025.In this regard, the Board took note of the fact that the Company is a Central Public Sector Enterprise under the administrative control of the Ministry of Petroleum & Natural Gas ( Administrative Ministry ) & the Article 7A of the Articles of Association of the Company states that so long as the Company remains a Government Company, the President of India shall, subject to provisions of the Companies Act be entitled to appoint one or more Directors on the Board of the Company which includes Wholetime Directors/Independent Director/Woman Independent Director/Woman Director/ Government Nominee Director(s) to hold office for such period and upon such terms and condition as the President of India may from time to time decide. Accordingly, the composition of the Board of Directors of the Company is dependent upon the direction by the Administrative Ministry and thus, the said non-compliances were due to factors which are beyond the control of the Company. The Board further noted that the Stock Exchanges had also imposed fine with respect to Regulation 19(2) of the Listing Regulations, whereas, the Chairperson of Nomination and Remuneration Committee was an Independent Director, which was in compliance with Regulation 19(2) of the Listing Regulations during the quarter under review. Accordingly, the non-compliance with respect to Regulation 19(1) of Listing Regulations has only been mentioned in the letter.The Company had made representation(s) before the Stock Exchanges for waiver of such fines. The Board of Directors had confirmed the contents of the aforesaid representations at the said Board Meeting.