Promoters of aakash exploration services held 6,73,75,872 equity shares, representing 66.54% of the total share capital, as on March 31, 2026. The company confirmed that no shares were encumbered, directly or indirectly, during the financial year ended March 31, 2026. This disclosure was submitted to the National Stock Exchange of India Limited in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing, signed by Hemang Haria, Promoter, Whole Time Director, and CFO, detailed the shareholding pattern of the promoter and promoter group. The declaration ensures transparency regarding the pledging or encumbrance of promoter holdings, a key metric for investor risk assessment.

Promoter and Promoter Group Holdings

The breakdown of shareholdings reveals that the majority of the stake is concentrated among three individual promoters. The table below details the specific holdings as of March 31, 2026.

The document was addressed to the National Stock Exchange of India Limited, with copies marked to the Company Secretary and the Audit Committee of Aakash Exploration Services Limited.

Aakash Exploration Services Limited, an Ahmedabad-based oil and gas services provider, reported a significant improvement in its financial performance for the quarter and year ended March 31, 2026. The Board of Directors approved the standalone audited financial results at their meeting held on May 12, 2026, with statutory auditors M/s. Parikh Shah & Associates issuing an audit report carrying an unmodified opinion. The company operates in a single segment — services provider of oil and gas extraction.

Annual Financial Performance

For the full year ended March 31, 2026, Aakash Exploration Services delivered a notable improvement across key financial metrics. Revenue from operations (gross) rose to ₹11,246.00 lakhs from ₹9,818.89 lakhs in FY25, reflecting healthy top-line growth. Total revenue, including other income of ₹128.92 lakhs, stood at ₹11,374.92 lakhs compared to ₹9,978.29 lakhs in the prior year.

The following table summarises the key annual financial metrics:

Total expenses for FY26 were ₹10,891.21 lakhs against ₹9,722.67 lakhs in FY25. Employee benefits expense was the largest cost component at ₹3,894.67 lakhs, followed by other expenses at ₹4,113.05 lakhs and cost of materials consumed at ₹1,731.15 lakhs. Depreciation and amortisation expense rose to ₹961.58 lakhs from ₹717.46 lakhs, reflecting continued capital investment.

Quarterly Performance Highlights

For the quarter ended March 31, 2026, the company reported revenue from operations (gross) of ₹3,264.77 lakhs, compared to ₹2,577.45 lakhs in the corresponding quarter of the previous year. Profit before tax for the quarter stood at ₹266.96 lakhs, a substantial improvement over ₹38.33 lakhs in the corresponding quarter of FY25. Net profit for the quarter was ₹188.00 lakhs versus ₹27.50 lakhs in the year-ago period.

Balance Sheet and Cash Flow Overview

As at March 31, 2026, total assets stood at ₹10,611.43 lakhs, up from ₹9,643.16 lakhs as at March 31, 2025. Property, plant and equipment increased to ₹7,102.45 lakhs from ₹6,135.15 lakhs, reflecting ongoing capital expenditure. Total equity improved to ₹6,387.60 lakhs from ₹6,036.15 lakhs, supported by the year's profitability.

On the cash flow front, net cash flow from operating activity for FY26 was ₹1,443.10 lakhs, compared to ₹822.95 lakhs in FY25. Net cash flow from investing activity was ₹(1,587.71) lakhs, primarily driven by purchase of property, plant and equipment (net) of ₹(1,928.66) lakhs. Net cash flow from financing activity was ₹114.55 lakhs. Closing cash and cash equivalents stood at ₹11.44 lakhs as at March 31, 2026, against an opening balance of ₹41.50 lakhs.

Internal Auditor Appointment

In addition to the financial results, the Board also approved the re-appointment of M/s. Bimal Shah Associates, Chartered Accountants, Ahmedabad, as Internal Auditor of the company for the financial year 2026-2027, as recommended by the Audit Committee. Key details of the appointment are as follows:

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as notified under the Companies (Indian Accounting Standards) Rules, 2015. The paid-up share capital of the company remained unchanged at ₹1,012.50 lakhs, with a face value of ₹1 each.