Asian Energy Services Limited has announced the resignation of its Independent Director Mr. Brij Mohan Bansal, effective January 03, 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.

Committee Memberships Impact

Mr. Bansal's resignation will affect the company's board committee structure. He currently serves as a member of two key committees, both of which will require reconstitution following his departure.

The affected committees include:

• Audit Committee - Member
• Nomination & Remuneration Committee - Member

Asian Energy Services has indicated that it will reconstitute the composition of these committees, with separate intimation to be provided to exchanges in due course.

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.

Asian Energy Services , a prominent player in the energy services sector, has announced a significant business win. The company has received an award letter from Sun Petrochemicals for a substantial contract involving 4D seismic data acquisition and processing.

Contract Details

This contract represents a notable achievement for Asian Energy Services, potentially boosting its revenue and market position in the energy services industry. The 4D seismic technology, which adds the dimension of time to traditional 3D seismic imaging, is crucial for monitoring changes in oil and gas reservoirs over time, enabling more efficient and targeted extraction processes.

Implications for Asian Energy Services

The secured contract may have positive implications for Asian Energy Services:

1. Revenue Growth: The ₹54.63 crore contract value could contribute to the company's financial performance over the next year.

2. Technological Expertise: Winning a contract for 4D seismic data acquisition and processing demonstrates the company's technological capabilities in the energy services sector.

3. Client Portfolio: Securing a contract with Sun Petrochemicals, a notable player in the petrochemical industry, may enhance Asian Energy Services' reputation and potentially lead to future opportunities.

4. Operational Timeline: With the project scheduled for completion within a year, the company has a clear timeframe to deliver results.

As the energy sector continues to evolve, contracts like these underscore the importance of advanced technologies in optimizing resource exploration and extraction. Asian Energy Services' success in securing this contract may indicate its strong positioning in a competitive market.

Investors and industry observers will likely monitor the execution of this contract, as it could impact the company's financial performance and market standing in the coming year.