ASIANENE

- Asian Energy Services submitted the transcript of the Earnings Conference Call for Q2 & H1 FY27 results. - The conference call took place on October 30, 2026, at 06:00 PM IST. - The transcript has also been made accessible on the company's official website.

- Asian Energy Services has made available the audio recording of the Earnings Conference Call for Q2 & H1 FY27 held on October 30, 2026. - The audio recording is uploaded under the Investor Relations section on the company's website (www.asianenergy.com).

- Q2 FY27 Consolidated Revenue jumped 161% YoY to ₹266.7 Cr; EBITDA rose 235% YoY to ₹30.3 Cr. - Net profit stood at ₹17.1 Cr vs a loss of ₹4.0 Cr in Q2 FY26. - Oilmax merger received NCLT approval; awaits final Government clearance. - On track to achieve FY27 guidance with gross D/E at 0.25x.

- H1FY27 consolidated revenue reached ₹537.9 Cr (▲148% YoY) with EBITDA of ₹52.3 Cr (▲148% YoY) and PAT of ₹29.8 Cr (▲1697% YoY). - Standalone order book stood at ~₹1,633 Cr as of September 30, 2026. - Management reaffirmed FY27 standalone revenue growth guidance of 30–40% and targets ~₹3,000 Cr revenue by FY29/FY30. - NCLT approval received for Oilmax–AESL merger; final Government approval awaited.

Q2 FY27 Consolidated Revenue ₹266.67 Cr vs ₹102.00 Cr (▲161% YoY) EBITDA ₹30.32 Cr vs ₹2.51 Cr (▲1110% YoY) PAT ₹17.07 Cr vs ₹(3.97) Cr (Turnaround YoY) EBITDA Margin 11.37% vs 2.46% (▲891bps)

- CRISIL has maintained its Rating of 'Watch Developing' on the long-term and short-term banking facilities of Asian Energy Services Limited on October 27, 2026. - Total bank loan facilities rated stand at INR 317.5 Crore. - Long Term Rating is CRISIL BBB+/Watch Developing for fund-based facilities. - Short Term Rating is CRISIL A2/Watch Developing for non-fund-based facilities. - The rating watch is due to the ongoing merger of parent company Oilmax Energy Pvt Ltd into AESL, awaiting final regulatory approvals.

Concall Schedule Concall Date: Friday, 30th October, 2026 Concall Time: 6:00 PM (IST)

- Asian Energy Services Limited informed that its holding company, Oilmax Energy Private Limited (OEPL), executed a Revenue Sharing Contract (RSC) with the Government of India on October 22, 2026, for Contract Area GK/OSDSF/GKOSN/2025 under DSF Bid Round-IV. - OEPL holds a 50% participating interest and acts as the Operator for the block. - The NCLT Mumbai Bench-I sanctioned the Scheme of Merger by Absorption of OEPL with the Company on September 29, 2026, subject to which the rights and interests in the contract area will vest in Asian Energy Services Limited.

- Asian Energy Services Limited received the final order from the Hon'ble National Company Law Tribunal, Mumbai Bench. - The order approves the Scheme of Merger by Absorption of Oilmax Energy Private Limited with Asian Energy Services Limited and their respective shareholders.

NCLT Mumbai Bench has pronounced an order on September 29, 2026, sanctioning the Scheme of Merger by Absorption of Oilmax Energy Private Limited (Transferor Company) with Asian Energy Services Limited (Transferee Company). - Share Exchange Ratio: 117 fully paid-up equity shares of ₹10/- each of the Transferee Company will be issued for every 10 fully paid-up equity shares of ₹10/- each of the Transferor Company. - The merger aims to combine complementary strengths in oil & gas exploration, production, and upstream services, bringing operational efficiencies, cost synergies, and a simplified group structure.

Concall Schedule Concall Date: Monday, 28th September, 2026 Concall Time: Not specified (Physical meeting at Mumbai for PL Capital’s – Mid & Small Cap Conference 2026)