Disclosure under Regulation 30 of SEBI LODR Regulations, 2015

Asian Energy Services Limited

Meeting Details

The 33rd AGM was held on Thursday, September 24, 2026 at 12:00 noon IST through Video Conferencing/Other Audio Visual Mode (VC/OAVM). The meeting was conducted in compliance with the Companies Act, 2013, SEBI LODR Regulations, and circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.

Attendees and Proceedings

  • Mr. N. M. Borah, Chairman of the Company, Audit Committee, CSR Committee, and Stakeholders Relationship Committee, chaired the meeting from Noida.
  • Board members present: Dr. Kapil Garg (Managing Director), Mr. Anil Kumar Jha (Independent Director & Chairman of Nomination & Remuneration Committee), Dr. Rabi Bastia (Non-executive Director), Mr. Aman Garg (Non-executive Director), and Mr. Parikshit Datta (Non-executive Director).
  • Key Managerial Personnel, representatives of Statutory Auditors and Secretarial Auditors were present.
  • Mr. Hemanshu Kapadia, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize the voting process.
  • The meeting was called to order after confirming quorum was present.

Voting Process

  • Remote e-voting was available from Monday, September 21, 2026 at 9:00 AM IST to Wednesday, September 23, 2026 at 5:00 PM IST.
  • Members who had not voted remotely were allowed to cast votes during the meeting through e-voting facility.
  • The e-voting facility remained open during the meeting and for 15 minutes after completion of proceedings.
  • Proxy appointments were not applicable as there was no physical attendance.
  • The Scrutinizer's Report and voting results were to be announced to stock exchanges within two working days and placed on the company website (www.asianenergy.com).

Agenda Items and Resolutions

The following ordinary business items were presented for shareholder approval:

1. Adoption of audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026, along with Reports of Board of Directors and Auditors

2. Declaration of final dividend of ₹1.25 per equity share for FY ended March 31, 2026

3. Re-appointment of Dr. Rabi Bastia (DIN: 05233577) as Director who retires by rotation

Chairman's Address

Mr. N. M. Borah highlighted the company's strong financial performance, strategic diversification, key corporate developments including the successful acquisition of Kuiper Group, and proposed merger with parent company Oilmax Energy Private Limited. He reaffirmed commitment to sustainable growth and long-term stakeholder value creation.

Compliance and Documentation

  • Statutory Registers and relevant documents mentioned in the AGM notice were available for inspection
  • Statutory Auditors issued Audit Report with unmodified opinion on both standalone and consolidated results for period ended March 31, 2026
  • The meeting complied with all applicable provisions of Companies Act, 2013 and SEBI LODR Regulations

Meeting Conclusion

The meeting concluded at 1:00 PM on September 24, 2026. The Company Secretary proposed a vote of thanks and closed the meeting.