Newspaper Advertisement of NCLT convened meeting of Equity Shareholders of Asian Energy Services Limited to be held on Friday, June 12, 2026 at 11:00 A.M. (IST), pursuant to Order dated ....
ASIANENE · price
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Asian Energy Services Limited is convening an NCLT-ordered meeting of its equity shareholders on June 12, 2026 at 11:00 AM IST via video conferencing to vote on the proposed merger by absorption of Oilmax Energy Private Limited (Transferor Company) into Asian Energy Services Limited (Transferee Company). The NCLT Mumbai Bench passed this order on April 22, 2026. Remote e-voting will be available from June 9 to June 11, 2026, with a cut-off date of June 5, 2026 for determining eligible shareholders. The scheme requires approval by 3/4th majority in value of shareholders voting, along with a separate majority of public shareholders voting in favor. Notices were dispatched to shareholders on May 11, 2026, and documents are available on the company website and stock exchange websites.
If shareholders approve the scheme, Oilmax Energy will merge into Asian Energy Services, consolidating the energy sector operations. The stock may see volatility around the voting period as market participants assess the merger's impact on valuations and earnings. Post-approval, the combined entity will require further NCLT and regulatory clearances before the merger becomes effective.