Board Meeting Outcome for For Board Meeting Held On 07-01-2023 For According Company'S Consent To The Scheme Of Amalgamation Proposed Between Its Subsidiaries In continuation to our communication dated 4th January, 2023 informing the date of Board Meeting, we hereby submit that the Board of Directors of the Company at its meeting held today i.e. 7th January, 2023 has accorded Company's consent to the Scheme of Amalgamation proposed between its Indian wholly owned subsidiary, GNRL Oil & Gas (I) Private Limited and its step down subsidiary GNRL Oil & Gas Limited, in the capacity of shareholder of GNRL Oil & Gas (I) Private Limited. The Board Meeting commenced at 12:00 P.M. and concluded at 12:20 P.M. Announcement Under Reg 30 (LODR)-Accorded Company'S Consent, To The Scheme Of Amalgamation Proposed Between Its Subsidiaries Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, this is to inform you that the Board of Directors of the Company in its meeting held today, i.e. on Saturday, 7th January, 2023 has accorded Company's consent, to the Scheme of Amalgamation proposed between its Indian wholly owned subsidiary, GNRL Oil & Gas (I) Private Limited and its step down subsidiary GNRL Oil & Gas Limited under Section 230 to 232 and other applicable provisions of the Companies Act, 2013, in the capacity of shareholder of GNRL Oil & Gas (I) Private Limited. Further, in order to expedite the process, the Company has approved and agreed to waive the right to receive the notice for calling the meeting of Equity Shareholders for approving the Scheme.