Asian Energy Allots 36.63 Lakh Equity Shares on Warrant Conversion

Asian Energy Services Ltd has allotted 36,62,702 equity shares of ₹10 each, pursuant to the exercise of convertible warrants. These warrants were initially allotted on a preferential basis on November 5, 2024, convertible into equity shares at ₹335 each. The allotment was approved by the Allotment Committee on May 5, 2026, following the receipt of ₹92,02,53,880 as warrant exercise price. Consequently, the company's issued, subscribed, and paid-up equity share capital has increased to ₹48,61,10,000, comprising 4,86,11,000 equity shares. 10,37,298 warrants lapsed due to non-exercise within the stipulated period, leading to the forfeiture of the upfront amount.