Asian Energy Services Limited has informed the Exchange regarding Notice of Court Covened General Meeting to be held on Jun 12, 2026
ASIANENE · price
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Asian Energy Services Limited (AESL) has issued notice for an NCLT-convened shareholder meeting on 12th June 2026 to approve the merger of Oilmax Energy Private Limited (OEPL) into AESL. The NCLT Mumbai Bench passed an order on 22nd April 2026 directing this meeting. This is a Scheme of Merger by Absorption under Sections 230-232 of the Companies Act, 2013, where OEPL (the Transferor Company, a private entity) will be absorbed into AESL (the Transferee Company, a listed entity). The scheme also involves the respective shareholders of both companies. Remote e-voting will commence on 9th June 2026 and close on 11th June 2026, with the meeting conducted via video conferencing.
If approved, this merger will combine Oilmax Energy Private Limited's operations with Asian Energy Services Limited, potentially expanding AESL's business scale and revenue base. Shareholders should carefully review the scheme document as merger ratios and valuation details will determine impact on AESL's valuation.