Outcome of Board Meeting

AAKASH EXPLORATION SERVICES LIMITED CIN: L23209GJ2007PLC049792 Regd. Off: 1105 to 1108, Anam - 2, Bopal, Ambali, Ahmedabad – 380058 Web: www.aakashexploration.com Email: cs@aakashexploration.com; Phone No: 02717-452987 Date: 02/11/2026 The National Stock Exchange of India Limited Exchange Plaza, Plot No., C/1, G·Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 SCRIP CODE: AAKASH Sub: Outcome of the Board meeting held on 2nd November, 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, With reference to the above-mentioned subject, this is to inform you that the Board of Directors of the Company at their meeting held on 2nd November, 2026, has inter-alia, approved the following matters: 1. Board has approved Un-audited Financial Results of the Company for the Quarter and Half year Ended on 30th September, 2026 as recommended by Audit Committee. The Board Meeting Commenced at 03:00 p.m. and concluded at 04:00 p.m. You are requested to take the note of the same on your records. Thanking you, For, AAKASH EXPLORATION SERVICES LIMITED HEMANG N HARIA WHOLE TIME DIRECTOR & CFO DIN: 01690627 BN PARIKH SHAH & ASSOCIATES| @( PARIKH SHAH & ASSOCIATES CHARTERED ACCOUNTANTS Limited Review Report The Board of Directors, Aakash Exploration Services Limited, 424-426, 4™ Floor, Sukan Mall, Near Visat Petrol Pump, Sabarmati Ahmedabad — 380005, Gujarat, India. We have reviewed the accompanying statement of Standalone unaudited financial results of Aakash Exploration Services Limited for the quarter ended September 30, 2026. This statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review. This Statement has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard ("Ind AS"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 ("Listing Regulation"). Our responsibility is to issue a report on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. For, Parikh Shah & Associates, Chartered accountants Firm Registration No. : 123999W MUNIR VASANTBHAI SHAH Munir Shah (Parnter) Membership No.: 101106 Ahmedabad, November 02, 2026 UDIN : 261011060RPPXM4775 401-402, 4th Floor, Ashwamegh Avenue, Near Mithakhali Underbridge, Navrangpura, Ahmedabad-380 009. Phone : 91 079 40030307 / 40030296 @ Email : services@caparikhshah.com @ Web : www.caparikhshah.com Aakash Exploration Services Limited CIN: L23209GJ2007PLC049792 Reg. Office: 1105 to 1108, Anam - 2, Bopal, Ambali, Ahmedabad – 380058 Statement of Standalone Unaudited Financial Results for Quarter and Six months ended September 30, 2026 ( Figures in Lakhs) Year to date Year to date Preceding 3 Corresponding 3 3 Months ended figures for the figures for the Year ended PARTICULARS Months ended Month ended 30.09.2026 pervious period pervious period 31.03.2026 30.06.2026 30.09.2025 ended 30.09.2026 ended 30.09.2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I. Revenue from operations (gross) 2,706.90 2,789.45 2,480.69 5,496.35 4,866.22 11,246.00 II. Other income 5 2.35 1 48.49 18.48 200.84 4 7.89 128.92 III. Total revenue (I + II) 2,759.25 2,937.94 2,499.17 5,697.19 4,914.11 1 1,374.92 IV. Expenses a. Cost of meterials consumed 4 78.15 5 70.11 367.83 1,048.26 700.32 1 ,731.15 b. Purchases of stock-in-trade - - - - - - c. Changes in inventories of finished goods, work-in-progress and stock-in-trade - - - - - - d. Employee benefits expense 9 67.43 9 57.21 932.93 1,924.64 1,761.04 3 ,894.67 e. Finance costs 5 9.75 4 8.78 50.67 108.53 108.90 190.77 f. Depreciation and amortisation expense 2 95.41 2 52.27 221.51 547.68 409.27 961.58 g. Other expenses 9 82.61 1,038.48 888.97 2,021.09 1,825.64 4 ,113.05 Total expenses 2,783.35 2,866.85 2,461.91 5,650.19 4,805.16 1 0,891.21 V. Profit / (Loss) before Tax (III-IV) (24.10) 7 1.10 37.26 4 7.00 108.95 483.71 VI. Tax Expense: - a. Current Tax (7.29) 1 1.79 -1.64 4 .50 8.20 117.51 Less: MAT Credit - - - - b. Tax expense of earlier year - - - - c. Deferred Tax 1 1.30 6.83 1 1.15 1 8.14 1 9.22 16.20 VII.Profit / (Loss) for the period (V-VI) (28.11) 5 2.48 2 7.75 24.36 81.52 349.99 VIII.Other Comprehensive Income a. (i) Items that will not be reclassified to Profit or loss (net) - - - 1.46 (ii) Income tax relating to items that will not be reclassified to - - - - profit or loss b. (i) Items that will be reclassified to Profit or loss - - - - (ii) Income tax relating to items that will be reclassified to - - - - profit or loss IX. Total Other Comprehensive Income / (Loss) - - - - - 1.46 X. Total Comprehensive Income for the period (VII + IX) (28.11) 5 2.48 2 7.75 24.36 81.52 351.45 (Comprising Profit and Other Comprehensive Income for the period) XI. Paid Up Share Capital of Rs.1 each 1,012.50 1,012.50 1,012.50 1,012.50 1,012.50 1,012.50 XII.Other Equity - - - - - - XIII.Earnings per equity share a. Basic (0.03) 0.05 0.03 0.02 0.08 0.35 b. Adjusted (Share Split effect) (0.03) 0.05 0.03 0.02 0.08 0.35 Note: 1The above standalone Unaudited Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on November 02, 2026. 2The Company has Only one sagement of activity i.e. Services provider of Oil & gas Extraction, hence sagement reporting is not applicable. 3These results have been prepared in accordance with the Indian Accounting Standard (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. 4The figures for the quarter ended on 30th September, 2026 and 30th September, 2025 are balancing figures between the figures reviewed for half year ended on 30th September,2026 and 30th September, 2025 and figures reviewed for quarter ended on 30th June,2026 and 30th June,2025 respectively. For, Aakash Exploration Services Limited Hemang N Haria (Whole Time Director & CFO) (DIN:01690627) Place : Ahmedabad Date : 02/11/2026 Aakash Exploration Services Limited CIN : L23209GJ2007PLC049792 Reg. Office: 1105 to 1108, Anam - 2, Bopal, Ambali, Ahmedabad – 380058 Statement of Assets and Liabilities pursuant to Regulation 33 of SEBI ( Listing Obligation and Disclosure Requirements) Regulations 2015 (Figures in Lakhs) Unaudited Audited Audited Particulars As at As at As at 30th September 2026 31st March 2026 31st March 2025 A Assets 1 Non-current assets Property, plant and equipment 8,219.03 7,102.45 6,135.15 Intangible assets 1 .74 0.33 [Showing first 8,000 characters — download PDF for full document]