Asian Energy Services Board Meeting Date
Asian Energy Services scheduled a board meeting for May 19, 2026. Directors will consider FY26 audited financial results and a potential final dividend recommendation.
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Asian Energy Services scheduled a board meeting for May 19, 2026. Directors will consider FY26 audited financial results and a potential final dividend recommendation.
Asian Energy Services Limited will hold an NCLT-convened meeting on June 12, 2026, to approve its merger with Oilmax Energy. Shareholders can vote remotely starting June 9.
Asian Energy Services announced an NCLT-convened meeting on June 12, 2026. Shareholders will vote on merging Oilmax Energy Private Limited into the company.
Asian Energy Services Limited allotted 36,62,702 equity shares following the conversion of convertible equity warrants. This exercise increased the company's paid-up share capital from 44,94,82,980 to 48,61,10,000, reflecting an expansion in the equity base.
Asian Energy Services Limited completed the conversion of 36.63 lakh warrants, raising ₹92.03 Crore. This final exercise follows a 2024 preferential allotment, bringing total funds raised to ₹131.03 Crore. Proceeds will fund growth across oil, gas, and coal material handling verticals, strengthening the company's equity base and balance sheet.
Asian Energy Services Ltd allotted 36,62,702 equity shares following the conversion of warrants, receiving ₹92.03 Crore in exercise proceeds. Concurrently, 10,37,298 warrants lapsed due to non-exercise within the 18-month period. This conversion increases the company's paid-up equity capital to ₹48.61 Crore.
Asian Energy Services Limited announced that CRISIL Ratings has enhanced its rated bank loan facilities to ₹317.5 Crore. The agency maintained its 'Crisil BBB+/Watch Developing' and 'Crisil A2/Watch Developing' ratings for long-term and short-term facilities, respectively. The 'Watch Developing' status continues due to ongoing implications.
Asian Energy Services Limited announced that India Ratings & Research has withdrawn the ratings for its ₹125.0 Crore bank loan facilities. This voluntary withdrawal follows a no-objection certificate from lenders. The company's ratings from CRISIL Ratings Limited remain in force as per previous intimations.