StockWatch
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Oil Equipment & Services
Merger15 Oct 2026, 06:50 pm

Asian Energy Services receives final NCLT order for Oilmax Energy merger

AI Summary

Asian Energy Services Limited (AESL) has received the certified true copy of the final order from the National Company Law Tribunal (NCLT), Mumbai Bench, approving the Scheme of Merger by Absorption of Oilmax Energy Private Limited (OEPL) with AESL. This order follows the NCLT's sanction of the scheme under Sections 230-232 of the Companies Act, 2013. The merger, which was initially communicated as sanctioned on September 30, 2026, has now received its final judicial approval, with the order pronounced on September 29, 2026, and the certified copy received on October 15, 2026. The merger aims to consolidate operations between the two entities within the oil and gas sector.

Key Highlights

  • NCLT Mumbai Bench issues final order for merger of Oilmax Energy with Asian Energy Services.
  • Scheme of Merger by Absorption is now judicially approved.
  • Merger consolidates operations in the oil and gas sector.
  • Final order received after NCLT hearing on September 29, 2026.