Asian Energy Services has scheduled its 33rd Annual General Meeting for Thursday, September 24, 2026. The event will take place at 12:00 noon through Video Conferencing or Other Audio-Visual Means.

The company notified the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding the upcoming shareholder meeting. This disclosure complies with Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The Annual General Meeting is convened to transact the business as outlined in the official notice issued to shareholders. The format adheres to permissions granted by the Ministry of Corporate Affairs and SEBI circulars allowing remote participation without physical presence at a common venue.

Regulatory Compliance

The announcement references General Circular No. 03/2025 dated September 22, 2025, from the Ministry of Corporate Affairs. It also cites SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024. These regulations permit the holding of general meetings through digital platforms to ensure broader shareholder accessibility.

Asian Energy Services has approved the sale of a 26% stake in its subsidiary AOSL Energy Services Limited to Sadhav Shipping Limited. The transaction establishes a joint venture aimed at pursuing business opportunities in the marine and allied sectors serving the offshore oil and gas industry.

Deal overview

The board of directors approved the strategic collaboration on August 21, 2026. Asian Energy Services will transfer 2,600 equity shares of ₹10 each to Sadhav Shipping for a cash consideration of ₹26,000. Upon completion, AOSL Energy will cease to be a wholly owned subsidiary, with Asian Energy Services retaining a 74% holding.

Strategic context

The joint venture leverages the complementary capabilities and technical expertise of both entities. The collaboration focuses on identifying and exploring projects in the offshore oil and gas sector. Sadhav Shipping is not part of the promoter group or related parties, and the transaction does not fall under any scheme of arrangement.

Financial impact

AOSL Energy contributed nil turnover to the consolidated results in FY25-26. Its net worth stood at ₹0.09 crore as on March 31, 2026, representing 0.02% of the consolidated net worth of Asian Energy Services. The minimal financial contribution indicates the subsidiary is in an early stage or non-operational phase regarding revenue generation.