General Updates

Date: 1st September, 2026 To, To, The Listing The Listing Department, Department, BSE National Stock Exchange of India Limited, Limited, Exchange Plaza, Plot No. C/1, G Block, Bandra Floor 25, P. J. Towers, Kurla Complex, Bandra (East), Mumbai 400 Dalal Street, Mumbai 400 001 051 BSE Scrip Code: 530355 Trading Symbol: ASIANENE Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Award of Hydrocarbon Contract Area to Oilmax Energy Private Limited (“OEPL” - Holding/Amalgamating Company) under DSF Bid Round-IV Dear Sir / Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), Asian Energy Services Limited (the “Company”) is pleased to inform that it has received a letter from Oilmax Energy Private Limited (Company’s holding and amalgamating company (“OEPL”) that the Government of India has approved the award of Contract Area GK/OSDSF/GKOSN/2025 under the Discovered Small Field (DSF) Bid Round-IV to OEPL. The award has been formally communicated by the Directorate General of Hydrocarbons (DGH), Ministry of Petroleum & Natural Gas, Government of India, vide its Letter of Award (LOA) reference no. DGH/DSF IV/LOA/2026/08/276 dated August 31, 2026 to OEPL. OEPL will hold a 50% Participating Interest in the Block and will act as the Operator of the Block. The award is subject to the execution of a definitive Revenue Sharing Contract (“RSC”) between the President of India and OEPL. As communicated by the DGH, the bid work programme, commercial terms, contract area, map, and geographical coordinates submitted as part of the bid will be inscribed into the final version of the RSC. We hereby inform that this contract has been awarded to “OEPL” (Holding/Amalgamating Company) and not to the company directly. Relevance to the Scheme of Amalgamation: As previously disclosed to the stock exchanges, a Scheme of Merger by Absorption of OEPL into the Company (AESL) is in its final hearing stage before the Hon’ble National Company Law Tribunal (NCLT). Upon the Scheme becoming effective, all assets, contracts, licenses and blocks will legally vest into the Company as a going concern. Asian Energy Services Limited CIN: L23200MH1992PLC318353 3B, 3rd Floor, Omkar Esquare, Chunabhatti Signal, Eastern Express Highway, Sion (East), Mumbai - 400022 Phone +91 (22) 42441100 E-mail:secretarial@asianenergy.com Web:https://www.asianenergy.com Source to Solutions This is for your information and records. Thanking you, Yours faithfully, For Asian Energy Services Limited Shweta Jain Company Secretary & Compliance Officer Membership No.: 23368 Asian Energy Services Limited CIN: L23200MH1992PLC318353 3B, 3rd Floor, Omkar Esquare, Chunabhatti Signal, Eastern Express Highway, Sion (East), Mumbai - 400022 Phone +91 (22) 42441100 E-mail:secretarial@asianenergy.com Web:https://www.asianenergy.com Source to Solutions