Announced Mon, 15 Jun · 19:14 IST
AESL shareholders approve Oilmax Energy merger; NCLT scheme advances
ASIANENE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.0%1-day move
₹363.10
prior close
₹364.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.3-0.1-1.6-3.0-1.8+1.9+2.6+2.9+1.9-12.3+0.7——
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AI summary
Asian Energy Services shareholders approved the merger of Oilmax Energy Pvt Ltd into AESL with 99.99% votes in favour at the NCLT-convened meeting on June 12, 2026. Of 29.93 crore votes polled, only 15 shares voted against. The resolution cleared both the Section 230 (three-fourths) threshold and the SEBI public shareholder test. The scheme now awaits NCLT sanction and other regulatory approvals.
Likely market impact
Merger moves closer to completion. If sanctioned, Oilmax Energy will merge into AESL, consolidating its energy services business.