ALFA Filings
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Asian Energy Services Limited allotted 36,62,702 equity shares following the conversion of convertible equity warrants. This exercise increased the company's paid-up share capital from 44,94,82,980 to 48,61,10,000, reflecting an expansion in the equity base.
Asian Energy Services Limited completed the conversion of 36.63 lakh warrants, raising ₹92.03 Crore. This final exercise follows a 2024 preferential allotment, bringing total funds raised to ₹131.03 Crore. Proceeds will fund growth across oil, gas, and coal material handling verticals, strengthening the company's equity base and balance sheet.
Asian Energy Services Ltd allotted 36,62,702 equity shares following the conversion of warrants, receiving ₹92.03 Crore in exercise proceeds. Concurrently, 10,37,298 warrants lapsed due to non-exercise within the 18-month period. This conversion increases the company's paid-up equity capital to ₹48.61 Crore.