Asian Energy Services Ltd

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.

Asian Energy Services Limited (AESL) has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for the scheme of merger by absorption of Oilmax Energy Private Limited (OEPL) with AESL. The order sanctioning the scheme was pronounced on September 29, 2026. This merger, filed under Sections 230-232 of the Companies Act, 2013, aims to consolidate operations between the transferor company (OEPL) and the transferee company (AESL). The company is awaiting the certified copy of the order to proceed with the necessary steps to give effect to the merger.

Asian Energy Services Limited has announced the closure of its trading window for all directors, officers, designated persons, connected persons, and their immediate relatives. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the company's financial results for the quarter and half-year ending September 30, 2026. The closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The specific date for the board meeting to consider these financial results will be communicated separately.

Asian Energy Services Limited announced that its holding and amalgamating company, Oilmax Energy Private Limited (OEPL), has received a Letter of Intent (LOI) from the Government of Arunachal Pradesh for a Composite Licence. The LOI pertains to the Pakro Vanadium and Graphite Block in Arunachal Pradesh, covering an area of 155.46 hectares. This LOI is awarded to OEPL directly, not to Asian Energy Services Limited. The company notes the relevance to the ongoing Scheme of Merger by Absorption of OEPL into Asian Energy Services Limited, which is currently awaiting an order from the National Company Law Tribunal (NCLT). Upon the scheme's effectiveness, OEPL's assets, contracts, and licenses will vest in Asian Energy Services Limited.

Asian Energy Services Ltd has announced the record date for its final dividend for the financial year ended March 31, 2026. The Board of Directors had previously recommended a final dividend of 12.5%, amounting to ₹1.25 per equity share (Face Value ₹10), subject to shareholder approval at the upcoming 33rd Annual General Meeting (AGM). The record date has been fixed as Thursday, September 17, 2026, to determine the entitlement of members to this dividend. Payment, after tax deduction, will be processed post-AGM if approved.

Asian Energy Services Ltd has filed its Annual Report for the Financial Year 2025-26, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report details the company's transformation into an integrated international energy platform, driven by strategic acquisitions and mergers, including Kuiper Group and a proposed merger with Oilmax Energy. The company highlights securing significant contracts, a successful oil discovery, maintaining a net zero-debt position, and achieving its strongest financial performance to date. The 33rd Annual General Meeting is scheduled for September 24, 2026, to be held via Video Conferencing. The Annual Report is available on the company's website and sent electronically to shareholders.

Asian Energy Services Limited has announced the notice for its 33rd Annual General Meeting (AGM) to be held on Thursday, September 24, 2026, at 12:00 Noon IST. The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The company is providing members with the facility to cast their votes electronically (e-voting) on all resolutions. The record date for dividend and the cut-off date for e-voting is September 17, 2026. Remote e-voting will be open from September 21 to September 23, 2026. The AGM will discuss ordinary business, including the adoption of audited financial statements for FY 2025-26 and the declaration of a final dividend of ₹1.25 per equity share. Dr. Rabi Bastia, retiring by rotation, is eligible for re-appointment as a director.

Asian Energy Services Limited (AESL) announced that its holding and amalgamating company, Oilmax Energy Private Limited (OEPL), has been awarded the Contract Area GK/OSDSF/GKOSN/2025 under the Discovered Small Field (DSF) Bid Round-IV. The Government of India, through the Directorate General of Hydrocarbons (DGH), formally communicated this award to OEPL on August 31, 2026. OEPL will hold a 50% Participating Interest in the Block and will act as its Operator. The award is contingent on the execution of a definitive Revenue Sharing Contract (RSC) between the President of India and OEPL. AESL clarified that while the contract was awarded to OEPL directly, an ongoing Scheme of Merger by Absorption of OEPL into AESL means all assets, contracts, and blocks will legally vest into AESL once the merger becomes effective.

Asian Energy Services Ltd. has informed the stock exchanges about the resignation of three Senior Management Personnel (SMPs): Mr. Amit Pathak (General Manager – Procurement), Mr. Diveshkumar Sharma (Vice President – Seismic), and Mr. Ajay Agnihotri (Manager – O&M). Their resignations are effective from August 31, 2026, September 2, 2026, and September 13, 2026, respectively. The company stated that there are no material reasons for their resignations beyond what is detailed in their respective letters, which cite personal reasons and better management opportunities.

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.