NCLT Notice of Hearing: Scheme of Merger by Absorption of Oilmax Energy Private Limited into Asian Energy Services Limited

M&A / JV 18 Jul 2026 · In regulatory review· ✓ Verified

Asian Energy Services Limited, a listed company, initiated a merger petition before the NCLT Mumbai Bench for approval of a scheme of merger by absorption whereby Oilmax Energy Private Limited would be merged into and absorbed by the acquirer. The NCLT scheduled a hearing for 7 August 2026 to consider sanction of the scheme. The company published a statutory notice in newspapers (as directed by the NCLT) to inform shareholders and creditors. No merger consideration, exchange ratio, or integration timelines are disclosed in the public notice.

Why it mattersThe use of statutory merger scheme (under Companies Act 2013 §230-232) via NCLT sanction is the structurally prescribed route for composite multi-stakeholder mergers in India; this filing signals cross-holding or subsidiary consolidation within the energy services sector and establishes a judicial review milestone for sanction.
Counsel—
SectorEnergy & Renewables
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