Cals Refineries Limited, Board Meeting, Feb 11, 2013. Agenda: To consider the disclosures required under Clause 41(IV)(e) of the listing agreement for the quarter ended December 31, 2012.

Cals Refineries Limited announced that the board of directors at its meeting held on November 9, 2012, approved the setting up a 200,000 barrels per day (approximately 10 million metric tons per annum) crude oil refinery in Haldia, West Bengal. The company has raised INR 7,880 million through global depository receipts in December 2007, which has been utilized towards the project. The refinery is expected to be operational in approximately 42 months from finalization of EPCC contract.

Cals Refineries Limited, Board Meeting, Nov 09, 2012. Agenda: To consider the setting up a 200,000 barrels per day (approximately 10 million metric tons per annum) crude oil refinery in Haldia West Bengal; to consider the requested SEBI to expedite issue of final orders; to consider the request to FIPB to consider its application for issue of GDR to HARDT Group under the FDI guidelines of April 2011 subsequent to receipt of SEBI orders is under FIPB's consideration; and to consider the status of investors complaints for the quarter ended September 30 2012.