ESSAR OIL LTD. - Outcome of Board Meeting

Essar Oil Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2015, inter alia, has transacted the following:<BR><BR>1. Changes in Directors of the Company:<BR><BR>a) Appointment of Dr. Sabyasachi Sen as Independent Director<BR><BR>- Dr. Sabyasachi Sen has been appointed as Independent Director of the Company w.e.f. May 25, 2015.<BR><BR>b) Resignation of Mr. T. S. Narayanasami<BR><BR>- Resignation tendered by Mr. T. S. Narayanasami, Independent Director effective from May 25, 2015 was noted by the Board.