AESL shareholders approve Oilmax Energy merger; NCLT scheme advances

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

ASIANENE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.6%Reaction day

₹363.10

prior close

₹364.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-4.1% vs market

Oil peers, median of 16sector · industry level-0.4%-3.2% vs sector

On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 3.2 pts less than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

-0.3

15m

-0.1

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6+0.6-4.1-0.4-3.2

Next day

-3.0+1.7-4.7-0.8-2.2

-1.8+2.1-3.9-0.4-1.4

+1.9+3.0-1.1+0.6+1.3

+2.6+3.8-1.3+1.5+1.1

+2.9+3.1-0.2-0.3+3.3

+1.9+2.4-0.5-2.5+4.4

15d

-12.3+1.3-13.5+0.4-12.7

+0.7+3.9-3.2+1.3-0.7

+17.8+7.4+10.4+13.1+4.8

+36.1+5.6+30.4+20.3+15.7

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 16Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.