KARMA ENERGY LTD. - Board Meeting Outcome for Outcome Of The Board Meeting Held On May 25, 2023 - Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015

This is to inform that the Board of Directors at their meeting held today, have inter alia approved : (i) The audited financial results of the Company for the quarter and year ended March 31, 2023 (AFR), based on the recommendation of the audit committee at its meeting held earlier today (May 25, 2023). The AFR is enclosed along with the Independent Auditor''s Report on results issued by M/s. Batliboi & Purohit, Chartered Accountants, Statutory Auditors,. Further, declaration in respect of unmodified opinion on the audited financial results (standalone & consolidated) for the year ended March 31, 2023 is enclosed (Regulation 33). The financial results will be uploaded on the website of the company at www.karmaenergy.co (Regulation 46).The extract of the audited financial results will be published in newspapers, i.e., ''Financial Express'' and ''Mumbai Lakshadweep'' in the format prescribed (Regulation 47);