Oilmax Energy Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) read with 31(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Oilmax Energy Private Limited, along with Mrs. Ritu Garg (both being Promoters of Asian Energy Services Limited), has submitted its annual disclosure for FY 2025-26 under SEBI Takeover Regulations. The filing confirms that neither the promoter entity nor Mrs. Ritu Garg have created any encumbrance (pledge or charge) on the securities of the company, directly or indirectly, during the financial year. This is a routine regulatory compliance requirement under SEBI regulations governing substantial acquisition of shares and takeovers. The disclosure was signed by Director Kapil Garg (DIN: 01360843) on April 03, 2026.
A 'no encumbrance' declaration is generally positive for minority shareholders as it indicates promoters have not pledged their shares, reducing downside risk. This is a standard compliance filing with no immediate material impact on the stock.