Aakash Exploration Services Limited (AAKASH)

Aakash Exploration Services Limited has issued the notice for its 20th Annual General Meeting (AGM) scheduled for September 29, 2026, via video conferencing. Key special resolutions include the reappointment of Managing Director Mr. Vipul N. Haria for 3 years effective December 14, 2026, with remuneration up to ₹9,00,000 per month. Additionally, the appointment of Mr. Vihan Vipul Haria as Whole Time Director for a 3-year term effective August 11, 2026, at a similar salary cap of up to ₹9,00,000 per month is proposed for shareholder approval. The notice also references FY26 full-year revenue of ₹113.75 Cr and PAT of ₹3.50 Cr.

• 20th AGM scheduled for September 29, 2026, through Video Conferencing/OAVM.
• Proposed reappointment of MD Vipul Haria for 3 years with salary cap up to ₹9,00,000 per month (drawn ₹42,00,000 in FY25).
• Proposed appointment of Vihan Haria as Whole Time Director for 3 years with salary cap up to ₹9,00,000 per month.
• Disclosed FY26 revenue of ₹11,374.92 lakhs (₹113.75 Cr) and PAT of ₹349.99 lakhs (₹3.50 Cr).

Aakash Exploration Services Limited announced the outcome of its Board meeting held on August 26, 2026. The Board approved the re-appointment of promoter Mr. Vipul Navinbhai Haria as Managing Director for a 3-year period effective December 14, 2026, subject to shareholder approval. Additionally, the Board approved the Directors' Report and its annexures for the financial year ended March 31, 2026.

• Re-appointment of Mr. Vipul Navinbhai Haria as Managing Director approved for a 3-year tenure
• New tenure takes effect from December 14, 2026, subject to shareholder approval
• Approval of the Directors' Report and annexures for the financial year ended March 31, 2026
• Meeting commenced at 03:00 p.m. and concluded at 03:45 p.m. on August 26, 2026

Aakash Exploration Services Limited has approved the re-appointment of promoter Mr. Vipul Navinbhai Haria as Managing Director for a 3-year term effective December 14, 2026, subject to shareholder approval. The board also approved the Directors' Report for the financial year ended March 31, 2026. The re-appointment ensures leadership continuity for the micro-cap oilfield services provider (market cap ₹87 Cr, TTM revenue ₹103 Cr).

• Re-appointment of Mr. Vipul Navinbhai Haria as Managing Director approved for a 3-year term
• Effective date of re-appointment is December 14, 2026, subject to approval of company members
• Board meeting was held on August 26, 2026, from 03:00 p.m. to 03:45 p.m.

Promoter Navinchandra Vershibhai Haria has filed a prior intimation under Regulation 10(5) of SEBI SAST Regulations to acquire 12,77,950 equity shares (7.19% stake) of Aakash Exploration Services Limited. The shares are proposed to be transferred from another promoter, Pravin Vershibhai Haria, via gift without any monetary consideration. The proposed inter-se transaction is scheduled to take place on or after August 27, 2026. Because it is an inter-se transfer among immediate relatives within the promoter group, it is exempt from making an open offer.

• Proposed acquisition of 12,77,950 equity shares representing 7.19% of share capital
• Transferor is promoter Pravin Vershibhai Haria; Acquirer is promoter Navinchandra Vershibhai Haria
• Transaction is an inter-se transfer by way of gift without monetary consideration
• Proposed transfer to take place on or after August 27, 2026

Pravin Varshibhai Haria has filed disclosures under Regulation 10(6) of SEBI (SAST) Regulations for the acquisition of 72,77,950 equity shares of Aakash Exploration Services Limited. The inter-se transfer was executed on August 10, 2026, from fellow promoter Krunal Pravin Haria. The transaction is an internal promoter group restructuring exempt under Regulation 10(1)(a)(ii). The filing confirms there is no change in the aggregate promoter shareholding or overall control of the company.

• Acquisition of 72,77,950 equity shares via inter-se promoter transfer
• Transaction executed on August 10, 2026, from transferor Krunal Pravin Haria
• Prior intimation under Regulation 10(5) was submitted on July 30, 2026
• Overall promoter group shareholding and management control remain unchanged

Aakash Exploration Services has applied to the National Stock Exchange (NSE) on August 13, 2026, for the re-classification of Deval Energy Resources Private Limited from the 'Promoter Group' to the 'Public' category. The outgoing entity currently holds zero shares (0.00% of paid-up capital) in the company. This is a procedural filing under Regulation 31A of SEBI LODR. Since the entity has no equity stake, the move does not impact the promoter's voting power or the company's financial position.

• Application for re-classification filed with NSE on August 13, 2026
• Outgoing entity Deval Energy Resources Private Limited holds 0 equity shares
• Percentage of paid-up share capital held by the outgoing entity is 0.00%
• Promoter group holding remains stable at 66.54% as of the latest filing

Aakash Exploration Services reported a 16.9% YoY increase in revenue to ₹27.89 Cr for Q1 FY27, but net profit remained nearly flat at ₹0.52 Cr (down 3.7% YoY). The quarter saw significant sequential pressure, with revenue falling 14.6% and net profit dropping 72.1% compared to Q4 FY26. The board also appointed Vihan Vipul Haria as a Whole Time Director for three years and approved the reclassification of Deval Energy Resources (holding 0% shares) from the promoter group to the public category.

• Revenue from operations grew 16.9% YoY to ₹27.89 Cr in Q1 FY27.
• Net profit for the quarter stood at ₹0.52 Cr, a slight decline from ₹0.54 Cr in Q1 FY26.
• Employee benefit expenses rose 15.6% YoY to ₹9.57 Cr, impacting operating margins.
• Sequential performance declined sharply with PAT falling from ₹1.88 Cr in Q4 FY26 to ₹0.52 Cr.
• Appointment of Mr. Vihan Vipul Haria as Whole Time Director effective August 11, 2026.

Aakash Exploration Services reported a 16.9% YoY increase in revenue for Q1 FY27, reaching ₹27.89 Cr. However, net profit remained stagnant at ₹0.52 Cr compared to ₹0.54 Cr in the previous year's quarter, primarily due to higher material and employee costs. The company also inducted Mr. Vihan Vipul Haria, a member of the promoter group, as a Whole Time Director for a three-year term. A minor administrative reclassification of a non-holding promoter entity to the public category was also completed.

• Revenue from operations increased 16.9% YoY to ₹27.89 Cr in Q1 FY27.
• Net profit stood at ₹0.52 Cr, showing a marginal decline from ₹0.54 Cr in Q1 FY26.
• Employee benefit expenses rose 15.6% YoY to ₹9.57 Cr from ₹8.28 Cr.
• Mr. Vihan Vipul Haria appointed as Whole Time Director for a 3-year term effective August 11, 2026.
• Deval Energy Resources Private Limited reclassified to Public category with 0.00% shareholding.

Aakash Exploration Services reported a 16.9% YoY increase in revenue to ₹27.89 Cr for Q1 FY27, though performance weakened sequentially with a 14.6% revenue drop from Q4 FY26. Net profit remained nearly stagnant at ₹0.52 Cr compared to ₹0.54 Cr in the year-ago period, reflecting a sharp 72% decline from the preceding quarter's ₹1.88 Cr. The board also appointed Mr. Vihan Vipul Haria, a member of the promoter group, as a Whole Time Director for three years. A promoter entity with zero shareholding was reclassified to the public category.

• Revenue from operations increased 16.9% YoY to ₹27.89 Cr from ₹23.86 Cr.
• Net profit for Q1 FY27 stood at ₹0.52 Cr, down 72.3% from ₹1.88 Cr in Q4 FY26.
• Cost of materials consumed surged 71.5% YoY to ₹5.70 Cr, impacting operating margins.
• Employee benefit expenses rose 15.6% YoY to ₹9.57 Cr.
• Appointment of Mr. Vihan Vipul Haria as Whole Time Director effective August 11, 2026.

Mr. Pravin Vershibhai Haria, a promoter of Aakash Exploration Services, has filed a prior intimation to acquire 72,77,950 shares from Mr. Krunal Pravin Haria. This represents a 7.19% stake in the company. The transaction is an inter-se transfer between immediate relatives and will be executed as a gift without any monetary consideration. The acquisition is scheduled to take place on or after August 06, 2026.

• Transfer of 72,77,950 equity shares between promoter group members
• The stake represents 7.19% of the total share capital of the company
• Transaction is structured as a gift with zero monetary consideration
• Proposed execution date for the transfer is on or after August 06, 2026

Aakash Exploration Services Limited has received a formal application from Deval Energy Resources Private Limited to be reclassified from the 'Promoter Group' to the 'Public' category. The applicant currently holds zero equity shares and zero voting rights in the company as of July 30, 2026. This request is procedural, as the entity confirms it exercises no control or influence over the company's management or policy decisions. The application will be reviewed by the Board of Directors before being submitted to the Stock Exchange for final approval.

• Deval Energy Resources Private Limited holds 0 equity shares (NIL) in the company.
• The applicant holds 0% voting rights and has no representation on the Board of Directors.
• The request was submitted on July 30, 2026, under Regulation 31A of SEBI (LODR) Regulations.
• Current promoter group holding stands at 66.54% as of the latest March 2026 filing.

Mr. Krunal Pravin Haria has resigned from his position as Whole Time Director (WTD) of Aakash Exploration Services Limited, effective July 30, 2026. The resignation is attributed to personal reasons and other professional commitments. As a micro-cap company with a market capitalization of ₹88 Cr and TTM revenue of ₹103 Cr, management continuity is key, though the company remains under the leadership of other promoter-directors including Hemang N Haria (WTD & CFO). The board has accepted the resignation and confirmed there are no other material reasons for the exit.

• Resignation of Mr. Krunal Pravin Haria as Whole Time Director effective July 30, 2026.
• The company operates in the Oil Drilling sector with a TTM revenue of ₹103 Cr.
• Promoter holding remains stable at 66.54% as of the latest March 2026 filing.
• The resignation was accepted by the Board of Directors during business hours on July 30, 2026.

Navinchandra Vershibhai Haria, a promoter of Aakash Exploration Services, has filed a prior intimation to acquire 72,71,950 shares from another promoter, Krunal Pravin Haria. This transaction represents a 7.19% stake in the company and is structured as a gift between immediate relatives, involving no cash consideration. The transfer is scheduled to take place on or after July 28, 2026, under the SEBI (SAST) exemption for inter-se transfers. As this is a redistribution within the promoter group, the total promoter holding remains unchanged.

• Proposed acquisition of 72,71,950 equity shares by promoter Navinchandra Vershibhai Haria.
• The shares represent 7.19% of the total share capital of the Target Company.
• Transaction is an inter-se transfer via gift, resulting in zero financial consideration.
• Transfer is scheduled to occur on or after July 28, 2026.
• Exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI SAST Regulations.

Aakash Exploration Services Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer Agent (RTA), Skyline Financial Services Private Limited, confirms that no physical share certificates were received for dematerialization during the quarter ended June 30, 2026. This is a standard procedural filing required by all listed companies to maintain the integrity of electronic shareholding records. The announcement has no impact on the company's financial health or business operations.

• Compliance certificate submitted for the quarter ended June 30, 2026
• Confirmation received from RTA Skyline Financial Services Private Limited dated July 2, 2026
• Zero physical share certificates were received for dematerialization during the reporting period
• Filing made in accordance with SEBI (Depositories and Participants) Regulations, 2018

The promoters of Aakash Exploration Services Limited have filed their annual declaration under SEBI (SAST) Regulations for the financial year ended March 31, 2026. The filing confirms that the promoter group, which holds 6,73,75,872 equity shares (66.54% stake), has not created any encumbrance or pledge on their holdings, directly or indirectly. This routine disclosure maintains transparency regarding the ownership structure and ensures that the majority stake remains free of lien. With a TTM revenue of ₹103 Cr and a Debt/Equity ratio of 0.34, the lack of share pledging is a stable sign for the company's credit profile.

• Promoter and promoter group hold a total of 6,73,75,872 equity shares as of March 31, 2026.
• Total promoter stake is confirmed at 66.54%, consistent with previous quarterly trends.
• Zero shares were encumbered or pledged during the entire financial year 2025-26.
• Vipul Navinchandra Haria remains the largest individual promoter with 3,71,01,888 shares.
• The declaration was submitted by Hemang Haria, who serves as Promoter, Whole Time Director, and CFO.