Outcome of Board Meeting

t Asian - Energy Services Date: 30th October, 2026 To, To, The Listing Department, The Listing Department, BSE Limited, National Stock Exchange of India Limited, Floor 25, P. J. Towers, Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Dalal Street, Mumbai 400 001 Complex, Bandra (East), Mumbai 400 051 BSE Scrip Code: 530355 Trading Symbol: ASIANENE Dear Sir/Madam, Sub.: Outcome of the Board meeting - Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 and other relevant Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. on Friday, 30th October, 2026 have considered and approved the followings: - 1. To take note of the order of the Hon’ble National Company Law Tribunal, Mumbai bench, sanctioning the Scheme: The Board of Directors took note of and placed on record the certified true copy of the Order dated September 29, 2026, passed by the Hon'ble National Company Law Tribunal, Mumbai Bench, sanctioning the Scheme of Merger by Absorption of Oilmax Energy Private Limited with Asian Energy Services Limited, under Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act, 2013. The certified true copy of the Order was received by the Company on October 15, 2026. 2. Filing of the Certified true copy of the Order with the Registrar of Companies in e-form INC-28 in due course: The Board has authorised any Director, the Chief Financial Officer, the Company Secretary & Compliance Officer, or the Authorised Representative of the Company, severally, to sign, digitally execute and file Form INC-28 and to do all such acts, deeds, matters and things as may be necessary or incidental for filing the said Form. 3. As per the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, (“Listing Regulations”): The un-audited Financial Results of the Company, both on standalone and consolidated basis for the quarter and half year ended 30th September, 2026 along with Limited Review Report issued by the statutory auditors on the same. Further, pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015, a copy of the aforesaid un-audited financial results for the quarter and half year ended 30th September, 2026 along with Limited Review Report is enclosed herewith as “Annexure A”. 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 Webhttps://www.asianenergy.com Source to Solutions t Asian - Energy Services 4. Appointment of Ms. Angira Singhvi (DIN: 11647313) as an Additional Director (Non-Executive Independent) of the Company: Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company have approved the appointment of Ms. Angira Singhvi (DIN: 11647313) as an Additional Director (Non-Executive Independent) of the Company for a term of 5 (Five) consecutive years with effect from 30th October, 2026 till 29th October, 2031, subject to the approval of the Shareholders of the Company. The required details in relation to appointment of Director pursuant to the provision of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026 is annexed herewith as an Annexure – B. 5. Completion of Tenure of Ms. Anusha Mehta (DIN: 07648883), Independent Director of the Company: Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations’), this is to inform you that, Ms. Anusha Mehta (DIN: 07648883) will cease to be an Independent Director of the Company, upon completion of her second term of five (5) consecutive years, at the close of business hours on 02nd November, 2026. Consequently, Ms. Anusha Mehta will also cease to be a member of the Audit Committee, Nomination & Remuneration Committee and ESOP Compensation Committee of the Board. The Board has reconstituted these Committees in accordance with the applicable regulatory requirements. The Board of Directors and the Management of the Company express their deep appreciation and gratitude to Ms. Mehta for her invaluable contribution and guidance during her tenure with the Company. The details as required pursuant to the provision of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026 is annexed herewith as an Annexure 6. Reconstitution of various committees of the Board of Directors of the Company: The Board have approved the reconstitution of Audit Committee, Nomination & Remuneration Committee, ESOP Compensation Committee and Allotment Committee as detailed below with effect from 2nd November, 2026: a. Audit Committee: Mr. Nayan Mani Borah Chairperson Non-Executive Independent Director Ms. Angira Singhvi Member Non-Executive Independent Director Mr. Anil Kumar Jha Member Non-Executive Independent Director 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 Webhttps://www.asianenergy.com Source to Solutions t Asian - Energy Services b. Nomination and Remuneration Committee: Mr. Anil Kumar Jha Chairperson Non-Executive Independent Director Ms. Angira Singhvi Member Non-Executive Independent Director Mr. Nayan Mani Borah Member Non-Executive Independent Director Mr. Aman Garg Member Non-executive Non-Independent Director c. ESOP Compensation Committee: Mr. Anil Kumar Jha Chairperson Non-Executive Independent Director Mr. Nayan Mani Borah Member Non-Executive Independent Director Mr. Aman Garg Member Non-executive Non-Independent Director d. Allotment Committee: Dr. Kapil Garg Member Managing Director Dr. Rabi Narayan Bastia Member Non-executive Director Non-Independent Director Mr. Aman Garg Member Non-executive Non-Independent Director 7. Incorporation of a Company under Section 8 of the Companies Act, 2013: Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), the Board of Directors of the Company have approved the proposal for the Company to become a member of a proposed company limited by guarantee, to be incorporated as a Section 8 Company under the Companies Act, 2013, in the name and style of Asian Energy Foundation or such other name as may be approved by the Registrar of Companies. The details as required to be disclosed under Regulation 30 of SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure – D. 8. Changes in Senior Management Personnel of the Company: Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors has approved the following changes in the Senior Management Personnel (SMP) of the Company: a) Designation of Ms. Mukta Sharma, Group Chief Human Resources Officer (Group CHRO), as Senior Management Personnel of the Company, with effect from 30th October, 2026. b) Cessation of Mr. Vilas Aade from the category of Senior Management Personnel of the Company, with effect from 30th October, 2026. Asian Energy Services Limited CIN: L23200MH1992PLC318353 3B, 3r [Showing first 8,000 characters — download PDF for full document]