Asian Energy Services Ltd (ASIANENE) — Corporate Action | 30 September 2026

Asian Energy Services announced that the National Company Law Tribunal approved its scheme of merger with Oilmax Energy Private Limited on September 29, 2026, sanctioning the absorption of the transferor company into the listed entity. The order validates the share exchange ratio of 117 shares of Rs. 10 each for every 10 shares held by Oilmax shareholders, and confirms compliance with regulatory requirements including BSE and NSE observations. The merger aims to create a stronger energy and minerals entity with enhanced assets, operational efficiency, and financial capabilities, while preserving all legal proceedings and tax obligations post-merger.