Asian Energy Services: Monitoring Report for Preferential Issue Proceeds

Asian Energy Services Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from a Preferential Issue of Convertible Warrants. The report, issued by India Ratings & Research Private Limited, confirms no deviation from the stated objects of the issue. The company raised INR 160.80 Crores in total, with 47,00,000 warrants subscribed, generating INR 157.45 Crores. As of June 30, 2026, the actual proceeds received amounted to INR 131.39 Crores, with INR 39.36 Crores representing 25% of the value of convertible warrants subscribed. The report is based on management undertakings and a statutory auditor's certificate.