ASIAN ENERGY SERVICES LTD — M&A Activity 2026

May 11, 2026

Asian

Date: 11th May, 2026

To
BSE Limited
Corporate Relationship Department
P J Towers, 1st Floor,
Dalal Street, Fort,
Mumbai-400 001
BSE Scrip Code: 530355

To
NSE Limited
Manager - Listing Compliance
'Exchange Plaza', C-1, Block G,
Bandra Kurla Complex Bandra (E),
Mumbai - 400 051
Trading Symbol: ASIANENE

Subject: Intimation under Regulations 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (SEBI (Listing Regulations') - Notice of NCLT convened Meeting of equity shareholders of Asian Energy Services Limited ("the Company") to be held on Friday, 12th June, 2026 at 11:00 AM (IST), pursuant to Order dated 22nd April, 2026 of the National Company Law Tribunal, Mumbai Bench.

Dear Sir/Madam,

This is with reference to our earlier intimations regarding the proposed Scheme of Merger by Absorption of Oilmax Energy Private Limited ('OEPL' or 'Transferor Company') with Asian Energy Services Limited ('AESL' or 'Transferee Company' or 'the Company') and their respective shareholders under Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act, 2013 ("Scheme").

In this regard, we are pleased to inform you that by an order dated 22nd April, 2026 ('Order'), the Mumbai Bench of the National Company Law Tribunal ('NCLT' or 'Tribunal') has directed, inter alia, that a meeting of equity shareholders of the Second Applicant Company i.e. Asian Energy Services Limited ('AESL' or 'the Company') be convened and held for the purpose of considering, and if thought fit, approving with or without modification(s), the arrangement embodied in the Scheme of Merger by Absorption of Oilmax Energy Private Limited with Asian Energy Services Limited and their respective shareholders ('Scheme') be convened and held on Friday, 12th June, 2026 at 11:00 A.M. (IST) ('Meeting'), through Video Conferencing ('VC') / Other Audio Visual Means ('OAVM').

The remote e-voting period shall be as follows:

Commencement of e-Voting	From 9.00 a.m. (IST) on Tuesday, 9th June, 2026
End of e-Voting	Upto 5.00 p.m. (IST) on Thursday, 11th June, 2026

The Notice is being dispatched electronically on 11th May, 2026 to all those shareholders whose E-mail IDs are registered with the Company/ Share Transfer Agent/ Depository Participant.

The Notice of the Meeting, a copy of the said Scheme and the explanatory statement as required under Sections 230(3) to 232 (1) and (2) and 102 of the Companies Act read with Rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 ("CAA Rules") along with all annexures to such explanatory statement can also be accessed/downloaded using the given link to the website of the company: https://www.asianenergy.com/investor-relations.html#scheme-arrangement.

Asian Energy Services Limited
CIN: L23200MH1992PLC318353
3B, 3rd Floor, Omkar Esquare, Chunabhatti Signal, Eastern Express Highway, Sion (East), Mumbai - 400022
Phone +91 (22) 42441100 E-mail:secretarial@asianenergy.com Web:https://www.asianenergy.com
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Asian

You are requested you to kindly take the above on record.

Thanking you.

For Asian Energy Services Limited

SHWETA
VAIBHAV
JAIN

Digitally signed by
SHWETA VAIBHAV
JAIN
Date:2026.05.11
19:14:30 +05'30'

Shweta Jain
Company Secretary & Compliance Officer
Membership No.: 23368

Asian Energy Services Limited
CIN: L23200MH1992PLC318353
3B, 3rd Floor, Omkar Esquare, Chunabhatti Signal, Eastern Express Highway, Sion (East), Mumbai - 400022
Phone +91 (22) 42441100 E-mail:secretarial@asianenergy.com Web:https://www.asianenergy.com

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