ASIANENE : NCLT SANCTIONS MERGER OF OILMAX ENERGY WITH ASIAN ENERGY

• NCLT Mumbai Bench sanctioned scheme of merger by absorption of Oilmax Energy Private Limited, the holding company holding 90.83% of Asian Energy Services • Certified true copy of final order pronounced on September 29, 2026 received by the company on October 15, 2026 • Share exchange ratio: 117 fully paid-up equity shares of ₹10 each of AESL for every 10 equity shares of ₹10 each of Oilmax • Oilmax holds participating interest in five oil & gas blocks including one CBM block, a quartzite block in India and advanced agriculture business through a subsidiary • Transferor company to be dissolved without winding up; scheme remains subject to receipt of MoPNG approval • NCLT clarified ACIL's claims under Amguri Block transaction documents subsist against AESL, which must preserve related books and ledgers for 8 years

Asian Energy Services Limited

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