Asian Energy Services Limited has issued a clarification to stock exchanges regarding the recent surge in trading volume of its shares, stating that the increase is purely market-driven with no undisclosed material information affecting the stock's performance.

Response to Exchange Queries

The company responded to specific queries from both major Indian stock exchanges on January 12, 2026. The clarification addressed concerns raised in communications from NSE (reference no. NSE/CM/Surveillance/16326 dated January 9, 2026) and BSE (reference no. L/SURV/ONL/API/2025-2026/860 dated January 12, 2026) regarding the unusual trading activity.

Compliance and Disclosure Status

Asian Energy Services confirmed its commitment to regulatory compliance, stating that the company has been making all necessary announcements and disclosures to stock exchanges on various matters and events. The company emphasized its adherence to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, along with other applicable laws.

The company specifically confirmed that as of the clarification date, there are no matters or events considered and approved by the Board of Directors that require disclosure under SEBI regulations and could potentially influence the stock's price or volume behavior.

Market-Driven Activity

The company categorically stated that the recent surge in trading volume across exchanges is purely market-driven, with no pending material disclosures from the company's end. This clarification aims to address any speculation about undisclosed corporate developments that might have contributed to the increased trading activity.

Future Compliance Commitment

Asian Energy Services reaffirmed its commitment to transparency by undertaking to continue disclosing any material matters, events, or information to stock exchanges in due compliance with SEBI regulations. The clarification was signed by Company Secretary & Compliance Officer Shweta Jain (Membership No.: 23368) on behalf of the company.

Asian Energy Services Limited has announced the resignation of its Independent Director Mr. Brij Mohan Bansal, effective January 03, 2026, and subsequently reconstituted its board committees with effect from January 02, 2026. The resignation comes as Mr. Bansal reaches the age of 75 years, marking the end of his tenure with the Mumbai-based energy services company.

Resignation Details and Timeline

The company informed stock exchanges on December 30, 2025, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Bansal, who holds Director Identification Number (DIN) 00261063, submitted his resignation letter on December 30, 2025.

Board Committee Reconstitution

Following Mr. Bansal's resignation from the Audit Committee and Nomination & Remuneration Committee, the Board of Directors approved the reconstitution of both committees with effect from January 02, 2026.

Nomination and Remuneration Committee

Audit Committee

Other Directorships

Mr. Bansal maintains significant responsibilities across multiple listed entities. His current directorships and committee positions include:

Company's Acknowledgment

Asian Energy Services has placed on record its appreciation for Mr. Bansal's contributions during his association as Independent Director. The company received confirmation from Mr. Bansal that there are no material reasons for the resignation other than those stated in his resignation letter.

The resignation follows standard corporate governance practices, with the company ensuring full compliance with SEBI Listing Regulations and providing all required disclosures to stock exchanges. Company Secretary & Compliance Officer Shweta Jain (Membership No. 23368) signed the regulatory filing on behalf of the company.