Asian Energy Services Sells 26% Stake in AOSL Energy Services

Asian Energy Services Ltd has approved the sale of a 26% equity shareholding in its wholly-owned subsidiary, AOSL Energy Services Limited (AOSL), to Sadhav Shipping Limited. This transaction is part of a strategic collaboration to form a Joint Venture in AOSL, aimed at leveraging complementary capabilities in the marine and allied sectors serving the offshore oil and gas industry. Following the sale, Asian Energy Services' shareholding in AOSL will reduce from 100% to 74%, with AOSL continuing as a subsidiary. The agreement is expected to be finalized by September 30, 2026, with a cash consideration of ₹26,000/-. AOSL reported negligible turnover and net worth for FY2025-26.