Sah Petroleums Limited announced that the following decisions were approved and accepted by the Board of Directors of the company at their Board Meeting held on March 28, 2013 at Mumbai. Mr. Alok D Sukhani, Independent Non Executive Director has resigned from the Board of Directors of the company with effect from March 28, 2013. Mr. Vinay G Rao, Independent Non Executive Director has resigned from the Board of Directors of the company with effect from March 28, 2013. Mr. Ashish Agarwal has been appointed as an Additional Director with effect from March 28, 2013 as the Nominee Director of NAF India Holdings Limited. Mr. Aditya Arora has been appointed as an Additional Director with effect from March 28, 2013 as the Nominee Director of NAF India Holdings Limited. Mr. Ravi Kamal Bhargava has been appointed as an Additional Director with effect from March 28, 2013 as the Independent Non Executive Director. Mr. Ashish Dinesh Gandhi has been appointed as an Additional Director with effect from March 28, 2013 as the Independent Non Executive Director. Mr. Ramesh Chander Razdan has been appointed as an Additional Director with effect from March 28, 2013 as the Independent Non Executive Director. Mr. Rajan Singh has been appointed as an Additional Director with effect from March 28, 2013 as the Independent Non Executive Director.

Sah Petroleums Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 998.471 million compared to INR 1,167.679 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 40.080 million compared to INR 59.863 million a year ago. Loss from ordinary activities before tax was INR 26.915 million compared to INR 64.894 million a year ago. Net loss was INR 26.915 million or INR 0.61 per basic and diluted share compared to INR 65.792 million or INR 1.50 per basic and diluted share, a year ago. For the year to date, the company reported net sales/income from operations of INR 3,182.690 million compared to INR 3,426.786 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 135.501 million compared to INR 163.813 million a year ago. Loss from ordinary activities before tax was INR 10.412 million compared to INR 105.750 million a year ago. Net loss was INR 10.412 million or INR 0.24 per basic and diluted share compared to INR 106.648 million or INR 2.42 per basic and diluted share, a year ago.

Sah Petroleums Limited, Board Meeting, Feb 14, 2013. Agenda: To consider and take on record the unaudited financial results of the company for the quarter and nine months ended December 31, 2012.