Asian Energy Services Limited (ASIANENE)
Scheme of Arrangement
Scheme of Merger by Absorption of Oilmax Energy Private Limited with Asian Energy Services Limited sanctioned by NCLT on 29-Sep-2026
- Merger consolidates oil & gas and minerals businesses for diversified portfolio
- Share exchange ratio: 117 AESL shares for every 10 Oilmax shares
- Scheme subject to govt approvals including Ministry of Petroleum
- All assets, liabilities, tax obligations of Oilmax to vest with AESL
- Legal proceedings of Oilmax to continue against AESL post-merger
- Transferor company dissolved without winding up
- Employees of Oilmax to continue with AESL on existing terms
- Order to be filed with Registrar of Companies within 30 days
Source: Original filing PDF
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🚨 ASIANENE — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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