ASIANENENSEAsian Energy Services LimitedMinimalNeutral
Announced Mon, 11 May · 19:20 IST

Asian Energy Services Limited has informed the Exchange about Copy of Newspaper Advertisement 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

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▲ 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
-4.0%1-day move
₹295.70
prior close
₹296.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-1.4-1.5+0.2-4.0+3.8+5.9+5.3+9.2+23.1+19.0+24.1+15.4
Up moveDown movePending
AI summary

Asian Energy Services Limited has announced an NCLT convened meeting of equity shareholders scheduled for June 12, 2026 at 11:00 AM IST via video conferencing. The meeting is pursuant to an NCLT Mumbai Bench order dated April 22, 2026, to consider and approve the Scheme of Merger by Absorption whereby Oilmax Energy Private Limited (Transferor Company) will merge into Asian Energy Services Limited (Transferee Company). Remote e-voting will be open from June 9, 2026 (09:00 AM) to June 11, 2026 (05:00 PM), with a cut-off date of June 5, 2026. The scheme requires approval by a 3/4th majority in value of shareholders, along with separate approval from public shareholders (majority in number). The notice and scheme documents have been dispatched to shareholders and are available on the company and stock exchange websites.

Likely market impact

This merger, if approved, will combine Oilmax Energy Private Limited with Asian Energy Services Limited, potentially strengthening the company's energy sector presence. Shareholders should participate in the e-voting process as their approval is critical for the scheme to proceed to NCLT for final sanction.