Asian Energy Services Limited — Others, 05-06-2025: Shareholders meeting

Asian Energy Services Limited has announced a postal ballot via e-voting seeking shareholder approval for key matters including Rs. 5 lakh remuneration each to Independent Directors for FY 2025-26, extension of Managing Director Dr. Kapil Garg’s remuneration beyond usual limits until May 2026, and related party transactions with its holding company Oilmax Energy Private Limited involving borrowings up to Rs. 100 Cr and contracts for O&M services in Assam and silica sand mining in Uttarakhand. Shareholders are also asked to approve the AESL ESOP 2025 for granting up to 9 lakh stock options and the appointment of Mr. Parikshit Datta as Non-Executive Non-Independent Director, aiming to enhance governance, operational capacity, and employee motivation.