Asian Energy Services Ltd

Asian Energy Services Limited submitted a confirmation certificate to the BSE Limited and National Stock Exchange of India Limited under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, as received from MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, its Registrar and Share Transfer Agent.

The National Company Law Tribunal’s Mumbai Bench has approved a scheme of arrangement for the absorption of one company into AESL, requiring the filing of the order and scheme with the Registrar of Companies within 30 days. Addressing concerns raised by ACIL regarding restrictions on transferring participating interests and potential overcharging in inter-company transactions between Oilmax and AESL, the NCLT clarified that all claims against either company will remain enforceable against AESL and mandated AESL preserve relevant records for eight years. The absorbed company will be dissolved without winding up, and all employee transfers will occur on favorable terms, while tax liabilities and incentives are also transferred. The tribunal noted that the question of whether the absorption constitutes a "transfer" remains unadjudicated and that regulatory approval will satisfy concerns regarding transfers.

Asian Energy Services Limited will close its trading window for directors, officers, designated persons, connected persons, and their immediate relatives from October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half year ending September 30, 2026, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Asian Energy Services Limited has fixed September 17, 2026, as the record date for determining entitlement to a final dividend of Rs 1.25 per equity share, representing 12.5% of the face value, for the financial year ended March 31, 2026, pending shareholder approval at the company’s 33rd Annual General Meeting.

Asian Energy Services Ltd share price gained 1.05% to Rs 409.75. The Company's net profit tumbled by 60.92% to Rs 12.76 crore, while revenue from operations declined 19.82% to Rs 271.19 crore in Q2FY26 over Q1FY26. The market capitalization of Oil Equipment & Services industry group stocks on BSE stood at Rs 4861.27 crore, declining 6.27%. It has marginally improved by 5.68% over last one week and rallied by 39.21% in last one month while the market capitalization of Asian Energy Services Ltd has improved by 4.85% and 31.05% in the same period respectively. Profit before tax (PBT) of Asian Energy Services Ltd stood at Rs 17.11 crore in Q2 FY26, expanding by 117.96% year-on-year, and nosediving by 56.93% quarter-on-quarter. EBITDA came in at Rs 18 crore, jumping 87.97% YoY and tanking 61.40% sequentially. Total expenses dropped by 13.94% to Rs 254.42 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 18.38 crore, surging 35.15% YoY. For the TTM ended FY26, revenue from operations jumped by 52.44% to Rs 465.04 crore, while net profit saw a strong growth of 65.01% to Rs 42.16 crore, compared to previous TTM. EBITDA soared by 3529% to Rs 60.7 crore, and PBT witnessed a strong rise of 95.89% to Rs 56.18 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 33.08 crore in FY26, as against Rs 44.1 crore in FY25. Asian Energy Services Ltd jumped 17.33% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 2.83% during the same period.

Asian Energy Services Limited will hold a board meeting on Thursday, August 13, 2026, to consider and approve unaudited financial results for the quarter ended June 30, 2026, on both standalone and consolidated bases. Trading window for company insiders has been closed from July 1, 2026, and will remain so until 48 hours after the financial results are announced on August 13, 2026.

Asian Energy Services Ltd announced that Crisil Ratings Limited (“CRISIL”) has maintained its ‘Watch Developing’ rating on the company’s banking facilities. The total bank loan facilities rated amount to INR 317.5 Crore, with a long-term rating of Crisil BBB+/Watch Developing (continuing on ‘Rating Watch with Developing Implications’) and a short-term rating of Crisil A2/Watch Developing (also continuing on 'Rating Watch with Developing Implications'); no enhancements, assignments, or withdrawals were noted by CRISIL, and the detailed rationale for the rating action is available on CRISIL’s website at www.crisilratings.com.

The contract involves capacity enhancement of the coal handling plant (Stage-II) at the Ukai Thermal Power Station in Gujarat. The project will be executed on a lump-sum EPC basis and covers engineering, procurement, construction and commissioning activities. The project is expected to be executed over a period of 2-3 years. The company said the order marks its first major contract outside Coal India and its subsidiaries and associates, representing a strategic diversification of its client base into state utility-led infrastructure projects. Asian Energy Services provides services across the energy and mining sectors, including oil & gas field operations, seismic data acquisition, and mineral infrastructure projects such as coal handling and material handling systems. The company's consolidated net profit rose 41.92% to Rs 31.96 crore on a 56.99% increase in revenue from operations to Rs 338.23 crore in Q4 FY26 as compared with Q4 FY25.Powered by Capital Market - Live

Asian Energy Services has secured a Rs 187.62 crore EPC contract (including GST) from Gujarat State Electricity Corporation (GSECL) for enhancement of a coal handling plant in Ukai Gujarat. The project marks a strategic milestone for the company as its first major order outside Coal India and its subsidiaries and associates. It signals a diversification of its client base and a strong entry into state utility-led infrastructure projects. The project involves capacity enhancement of the Coal Handling Plant (Stage-II) at the Ukai Thermal Power Station in Gujarat. The project is being executed on a lump sum EPC basis, and the scope covers end-to-end engineering, procurement, construction, and commissioning, which will take place over 2-3 years.

Asian Energy Services announced that the Board of Directors of the Company at its meeting held on 19 May 2026, inter alia, have recommended the final dividend of Rs 1.25 per equity Share (i.e. 12.5%) , subject to the approval of the shareholders.