Update on Company Operations

Hutti Block Prospecting Licence (PL) applications of our wholly owned
subsidiary Deccan Exploration Services Private Limited (DESPL) — hearing
before the Hon’ble Supreme Court on December 3, 2020 — Update

We write to intimate that the matter came up for hearing before the Hon’ble Supreme Court
on December 3, 2020 as Item No. 3 (Court No. 7) through Video Conferencing.
Upon hearing the Counsels, the Court made the following Order on the Miscellaneous
Application (MA 740 of 2019) filed by DESPL:

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