Asian Energy Services secures shareholder approval on key resolutions

Asian Energy Services (AESL) announced the successful passage of all resolutions presented to shareholders via postal ballot, according to a filing on July 8, 2025. The approvals pave the way for strategic initiatives, including material related party transactions with Oilmax Energy Private Limited for various projects across Assam and Uttarakhand, along with borrowings up to INR 100 Crores. Shareholders also approved remuneration for independent directors and the Managing Director, aligning with regulatory guidelines. A key highlight was the approval of the company's Employee Stock Option Plan 2025 (AESL ESOP 2025) and its extension to group company employees. The remote e-voting process concluded on July 5, 2025, with the resolutions passing with requisite majorities. The report of the scrutinizer is available on the company website and on the National Securities Depository Limited's website.