Asian Energy Services Approves Grant of 3.8 Lakh Stock Options Under ESOP 2024

Mumbai, January 26, 2025 – Asian Energy Services Limited (NSE: ASIANENE, BSE: 530355) has announced the approval of 3,80,744 employee stock options (ESOPs) under the AESL Employee Stock Option Plan 2024 (ESOP 2024). The ESOP Compensation Committee approved the grant via circular resolution on January 25, 2025.

Key Details of the ESOP Grant​

• Total Stock Options Granted: 3,80,744
• Exercise Price: ₹100 per option
• Equity Shares Covered: 3,80,744 equity shares of ₹10 face value each
• Exercise Period: 1 year from vesting date
• Vesting Status: Not applicable at this stage

The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring transparency and regulatory adherence.

Eligibility & Implementation​

• Eligible Employees:
  • Permanent employees of Asian Energy Services and its subsidiaries
  • Whole-time directors (excluding independent directors)
  • Excludes promoters and employees holding more than 10% equity
• Implementation: Managed by the Compensation Committee, which oversees allocation and administration.

Strategic Implications​

The ESOP grant aligns with Asian Energy Services' talent retention strategy, rewarding key employees amid its expansion in energy infrastructure services. Investors will monitor the potential dilutive impact on EPS as options are exercised over time.