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: 10/08/2026 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 11th August, 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 12th May 2026, has inter-alia, approved the following matters: 1. Board has approved Un-audited Financial Results of the Company for the quarter ended on 30th June, 2026 as recommended by Audit Committee. 2. Board has appointed Mr. Vihan Vipul Haria (DIN: 10939452) as an Additional Director designated as Whole Time Director of the Company for the period of three years w.e.f. August 11, 2026 on recommendation of nomination and remuneration committee, subject to approval of members. 3. Board has considered the request letters dated July 30, 2026 received from M/s. Deval Energy Resources Private Limited, seeking reclassification from the “Promoter Group” category to the “Public” category of shareholders of the Company in accordance with the provisions of Regulation 31A of the SEBI (LODR) Regulations, 2015: Sr. Name No. of Equity Shares Percentage of paid up share No. capital 1. Deval Energy Resources Nil 0.00% Private Limited The Board also noted that, pursuant to Regulation 31A(3)(a)(vi) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the approval of shareholders in relation to the reclassification is not applicable to the Company as member of the promoter group seeking reclassification and persons related to them, together, do not hold more than one percent of the total voting rights in the Company. The disclosure as required under SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is attached herewith and marked as Annexure I to this letter. The Board Meeting Commenced at 3:00 p.m. and concluded at 4:00 p.m. Thanking you, For, AAKASH EXPLORATION SERVICES LIMITED HEMANG N HARIA WHOLE TIME DIRECTOR & CFO DIN: 01690627 Annexure – I Details as required under Regulation 30(6) read with Para A (7) of Part A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: Disclosure Requirements Mr. Vihan Vipul Haria (DIN: 10939452) Reason for Change viz., Appointed as an Additional Director designated as Whole-time Director appointment, (Key Managerial Personnel) on the Board of the Company resignation, removal, death or otherwise Date of Appointment & Term of Appointed as an additional Director designated as Whole Time Director Appointment w.e.f. August 11, 2026, for a period of 3 years. Brief Profile Mr. Vihan Vipul Haria has been appointed as an Additional Director designated as Whole-time Director of the Company with effect from 11th August, 2026. He belongs to the promoter group of the Company and has been actively associated with the business and operations. He holds a Bachelor’s Degree and possesses a strong understanding of technical and business aspects, with skills in design thinking and project management. As a young and dynamic professional, he is committed to contributing to the Company’s growth, strategic expansion and sustainable development Disclosure of relationships Mr. Vihan Vipul Haria is relative of Mr. Vipul Haria, Managing Director, between Directors of the Company. Information as required under Mr. Vihan Vipul Haria has not been debarred from holding the office of Circular No. Director by virtue of any SEBI order or any other authority. LIST/COMP/14/2018-19 and NSE/CML/2018/02 dated June 20, 2018 issued by the BSE and NSE, respectively. RIKH SHAH & ASSOCIATES CHARTERED ACCOUNTANTS Limited Review Report \ The Board of Directors, \ Aakash Exploration Services Limited, | 1105 to 1108, Anam - 2, \ Bopal, Ambali, | Ahmedabad — 380058, \ Gujarat, India. | W Exe pl oh ra av te i or ne Sv ei re vw ie cd es t Lh ie m ia tc ec do fm op ra tn hy ei n qug a rs tt ea rt e em ne dn et d o Jf u ns et a 3n 0d ,a 2l 0o 2n 6e . u Tn ha iu s d si tt ae td e mfi en na tn c ii sa tl h er e rs eu sl pt os nso if b iA la ik ta y s oh f 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, i | 2 of0 1 t3 h; e a Sn Ed B Io t (h Le ir st ia nc gc o Ou bn lt ii gn atg i p or ni sn c ai np dle s D ig se cn le or sa ul rl ey Ra ec qc ue ip rt ee md e i nn t I sn )d i Ra e ga un ld a ti in o c n,o m 2p 0l 1i 5a n (c "e L iw si tt inh g R Re eg gu ul la at ti io on n ”3 )3 . 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 ! | aEn nt di ty p” e, r fi oss ru me d t hb ey r t eh ve i eI wn s tt oi t ou bte t ao if n C mh oa dr et re are td e A ac sc so uu rn at nca en t as s o tf o I wn hdi ea t. h T eh ri s t hs et a fn id naa nr cd i ar le q su ti ar te es m et nh tat s w are e p fl ra en e 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 1 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 ‘ i Dn isf co lr om sa ut ri eo n R er qe uq iu ri er me ed n tt so )b Re e gd ui ls ac tl io os ne sd , i 2n 0 1t 5e r im ns c lo uf d inR ge g tu hl ea t mi ao nn n3 e3 r o inf wt hh ie c hSE iB tI i s ( tLi os t bi en g d iO sb cl li og sa et di ,o n os r ta hn ad t it contains any material misstatement. For, M/s. Parikh Shah & Associates, Chartered accountants Firm Registration No. : 123999W Munir Shah (Partner) Membership No.: 101106 Ahmedabad, August 11, 2026 UDIN : 261011060FVNOS5581 ! 401-402, 4th Floor, Ashwamegh Avenue, Near Mithakhali Underbridge, Navrangpura, Ahmedabad-380 009. I Phone : 91 079 2640/8 26942319075 ® Email : services@caparikhshah.c som @ 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 First Quarter ended June 30, 2026 ( Figures in Lakhs) Corresponding 3 Preceding 3 3 Months ended months ended in Year ended PARTICULARS Month ended 30.06.2026 the pervious year 31.03.2026 31.03.2026 30.06.2025 (Unaudited) (Audited) (Unaudited) (Audited) I. Revenue from operations (gross) 2,789.45 3 ,264.77 2 ,385.53 11,246.00 II. Other income 148.49 59.18 29.41 128.92 III. Total revenue (I + II) 2 ,937.94 3 ,323.95 2 ,414.94 11,374.92 IV. Expenses a. Cost of meterials consumed 570.11 373.20 332.49 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 957.21 1 ,023.90 828.10 3,894.67 e. Finance costs 48.78 37.25 58.23 190.77 f. Depreciation a [Showing first 8,000 characters — download PDF for full document]