Oilboy Energy : Schedule I -Oilboy Energy Limited

For merly Drekkar King sway Limite d

Schedule I to the Companies (Further Issue of Shares) Regulations, 2020

Following information is being sent to the members along with the letter of offer for right issue by a listed company:

1. Information pertaining to company offering right issue:
   (a) Company profile and history

Name of Company	Oilboy Energy Limited
	(Formerly Drekkar Kingsway Limited)
Incorporation date	June 28, 1993
Date of commencement of business	June 29, 1994
Corporate Universal Identification Number	0030651
(CUIN)
Website address and web-link where latest	www.drekkarkingsway.com
available financial statements are placed (in case
of listed company)
Contact details for shareholder facilitation (in	Inamullah
form of postal address, phone number or email	Company Secretary
address)	Office Block: Farmhouse No. 16, Street
	No. 12, Chak Shahzad, Islamabad.
	Phone no. [phone]-4
	[phone]
(b) Profile of management and sponsors
Profile of directors (names, executive/	Annexure - A
nonexecutive/ independent/nominee director and
tenure of directorship held)
other directorships held (provide names of the	Annexure - A
company(ies))
(c) Name(s) of the statutory auditor(s)

Kreston Hyder Bhimji & Co., Chartered Accountants

(d) Existing capital indicating classes of shares, if any, separately

	Amount	Divided into no. of	Face (Par) Value per
		Ordinary Shares	Share
Authorized Capital	1,600,000,000	160,000,000	10.00
Paid-up Capital	100,000,000	10,000,000	10.00

Office Block: Farmhouse No. 16, Street No. 12, Chak Shahzad, Islamabad, Pakistan

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For merly Drekkar King sway Limite d

(e) Name of holding company, if any

Not Applicable

(f) Financial highlights of company

for preceding three years including

revenue/ sales, gross profit, profit

before interest, tax, profit after tax,

accumulated profit or (loss), total

assets, total liabilities, net equity, break

up vale per share, earnings per share,

dividend, if any, bonus issue, if any.

(g) Financial highlights for preceding

Not Applicable

one year of consolidated financial

statements same as (f) above, if any

(h) Detail of issue of capital in previous five years

Not Applicable

Year

Basis

Issue Size

Issue Price per

Utilization of Funds

Share

(B) Details of the current right issue

Description of

Size of the Issue

Issue Price per

No. of Shares

Face (Par) Value

the Issue

Share

per Share

150% Right

150,000,000

10.00

15,000,000

10.00

Basis of determination of

Par Value

price of the right issue

Proportion of new issue to

15 Right Shares for every 10 Ordinary Shares held i.e. 150%

existing issued shares with

Right Issue at par value of Rs. 10/- per share

condition, if any

Average market price of the

18.15

share of the company during

the last six months

Date of meeting of board of

May 12, 2022

directors (BOD) wherein the

right issue was approved

Office Block: Farmhouse No. 16, Street No. 12, Chak Shahzad, Islamabad, Pakistan

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For merly Drekkar King sway Limite d

Names of directors attended the BOD meeting

Justification for the issue

Details of the main objects for raising funds through present right issue:

1.	detail of project	The purpose of the Issue:
		• Working Capital Requirement related to Trading Activities of
		Coal, Lubes, LPG and other Energy Products.
		• Repayment of issue expenses, trade and other liabilities;
		The funds generated from the further issue of capital will be
		utilized in the trading business of "energy products" as
		illuminated in the "Revival Business Plan".
2.	total funds required for	"Revival Business Plan" is already approved by the
	the project	shareholders in their annual general meeting held on October
		22, 2021. Total financing plan is of Rs. 1,400million. In the first
		phase, funds (i.e. Rs. 150.00 million) are being raised partially
		because of the prevailing market conditions.
3.	percentage of funds	100%
	required financed
	through the right issue
4.	percentage of funds	Not Applicable
	required financed from
	other sources, if any
5.	time of completion of	01-03months
	project

Expected benefits of the issue to the company and its members (description and amount)

"Revival Business Plan" is already approved by the shareholders in their annual general meeting held on October 22, 2021. Total financing plan is of Rs. 1,400million. In the first phase, funds (i.e. Rs. 150.00 million) are being raised partially because of the prevailing market conditions.

"Revival Business Plan" is also available at www.drekkarkingsway.com

Disclaimer:

The success of any investment depends on many factors some of which are under the control of the Company but many of which rely on the market and general business environment. The management of the Company has made the above projections on the best estimate basis. However, actual results and outcome may be different due to changed market and business environment and factors beyond the management's control and anticipation.

Office Block: Farmhouse No. 16, Street No. 12, Chak Shahzad, Islamabad, Pakistan

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For merly Drekkar King sway Limite d

Financial effects arising from right issue
1.	increase in paid-up		Rs. 150,000,000 divided into 15,000,000 Ordinary Shares of Rs.
	share capital			10/- each
2.	net asset/breakup value		Book Value before Right - Rs. (6.62)
	per share before and		Book Value After Right	- Rs. 5.58
	after right issue
3. gearing ratio before and		Gearing Ratio before Right - (1.44)
	after right issue		Gearing Ratio after Right	- 1.13
Total expenses to the issue
1.	bankers' commission								300,000
2.	underwriting									3,000,000
3. consultant to the issue								3,000,000
4.	others									300,000
(C) Information regarding risk and risk mitigating factors, as applicable:
risks relating to the project		Please refer for detail Annexure B
for which proceeds of the
right issue are to be utilized
risks relating to			1. Right Issue is fully underwritten;
subscription/under-		2. Market value of the share (ex-right price) is well above the
subscription of right issue			Right price so there is minimal likelihood of
					undersubscription.
material contingencies		No material contingencies exist
material commitments		No material commitment exist
any adverse issue reported		Not Applicable
by the auditor in their audit
reports in previous five
years
names of underwriters, (if		1.	Dawood Equities Limited
required)			2.	Adam Securities Limited
(D) Eligibility criteria & associated matters:
members' eligible / entitlement of getting		the close of trading business on May 23, 2022, will
the Letter of Right				be treated as the time for the purpose of
							entitlement of Right Shares
bankers to the issue				1.	Faysal Bank Limited
							2.	JS Bank Limited
date upto which the offer, if not accepted,		Last date for acceptance and payment: July 05,
shall be deemed to have been declined		2022
Mode of acceptance (only through banking channel)
1.	bank account number					Name of Bank	Account No.
							Faysal Bank Limited	3192301000002429
							JS Bank Limited	1984041
Office Block: Farmhouse No. 16, Street No. 12,
Chak Shahzad, Islamabad, Pakistan
[phone]	[e-mail]

For merly Drekkar King sway Limite d

2.	date by which amount to be credited	Last date for acceptance and payment :
	in bank account to constitute valid	July 05, 2022
	acceptance
3.	number and date of pay order / bank	Pay order/ bank draft or Cheque in favour of
	draft and other banking instrument.	"Oilboy Energy Limited Right Subscription
		Account"
		On or before July 05, 2022

1. Any other material information that may have direct or indirect bearing on the investment decision.

Detailed Business and Financial Plan is available at www.drekkarkingsway.com.

The said plan is also disseminated to PSX with the announcement of Right Issue on October

22, 2021.

Office Block: Farmhouse No. 16, Street No. 12, Chak Shahzad, Islamabad, Pakistan

[phone]