
About Aakash Exploration Services Limited
Data last updated:
Aakash Exploration Services Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the oil and gas exploration and production segment of the energy and power sector. It was incorporated on 17 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L23209GJ2007PLC049792. Its GSTIN is 24AAGCA2119R2ZI (Gujarat). The company holds 5 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on NSE: AAKASH.
The company has an authorised share capital of ₹10.2 Cr and a paid-up capital of ₹10.13 Cr. It was formerly known as Aakash Exploration Services Private Limited. It is led by directors including Vipul Navinchandra Haria (Managing Director) and Hemang Navinbhai Haria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹112.46 Cr, a growth of 14.5% compared to the previous year. For the same year it recorded a net profit of ₹3.39 Cr (net margin 3%) and EBITDA of ₹15.08 Cr (EBITDA margin 13.4%). The net worth stands at ₹63.88 Cr (up 5.8% YoY). Total assets are valued at ₹91.4 Cr (up 8.3% YoY).
The company has about 737 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Aakash Exploration. As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹58 Cr on record. Court records list 15 cases involving the company, including 7 filed by the company and 8 filed against it; 5 cases are pending. The company has 32 deals on record (30 market trades, 1 secondary share transfer, 1 ipo); the latest was in March 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aakashexploration.com.
Company details
CIN history
Aakash Exploration Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L23209GJ2007PLC049792, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L23209GJ2007PLC049792 | Current |
| U23209GJ2007FLC049792 | Previous |
| U23209GJ2007PLC049792 | Previous |
Contact details
Aakash Exploration Services Limited's registered office is in Daskroi, Gujarat. Its website is aakashexploration.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1105 To 1108 Anam – 2, Bopal, Ahmedabad, Gujarat, India – 380058
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of Aakash Exploration Services Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Aakash Exploration Services operates one associated brand: Aakash Exploration. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Oil and gas field services, including workover rigs, are provided. | aakashexploration.com |
Business activity
The main business activity of Aakash Exploration Services is mining and quarrying. In detail, this covers extraction of crude petroleum & natural gas.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B2 | Extraction of Crude Petroleum & Natural gas |
To see the full business activity and turnover split of Aakash Exploration Services Limited, buy the company report.
Financials of Aakash Exploration Services Limited
FY 2025-26 filings availableAakash Exploration Services Limited reported revenue of ₹112.46 Cr (up 14.5% YoY) for FY 2025-26.
Financial Highlights
FY 2023-24 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Income statement | ||
| Revenue | 92.23 | 92.58 |
| Revenue growth | -0.4% | - |
| EBITDA | 17.12 | 13.35 |
| EBITDA margin | +18.6% | +14.4% |
| Profit before tax | 8.38 | 6.14 |
| Net profit | 6.20 | 4.60 |
| Net profit margin | +6.7% | +5.0% |
| EPS (₹) | 0.61 | 0.45 |
| Balance sheet | ||
| Total assets | 84.61 | 76.81 |
| Net worth | 58.53 | 52.31 |
| Total debt | 25.71 | 24.18 |
| Cash & bank | 0.84 | 1.26 |
| Net working capital | 18.48 | 12.02 |
| Cash flow | ||
| Cash from operations | 10.21 | 18.50 |
| Cash from investing | (10.38) | (24.03) |
| Cash from financing | (0.25) | 6.45 |
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.35 | 23.05 | 26.01 | 30.89 | 21.80 | 21.24 | 18.30 | 19.71 |
| Revenue growth (YoY) | +7.1% | +8.5% | +42.1% | +56.7% | -18.9% | - | - | - |
| Other income | 0.31 | 0.37 | 0.53 | 0.39 | 0.05 | 0.10 | 0.06 | 0.15 |
| EBITDA | 2.19 | 2.02 | 3.35 | 6.94 | 2.80 | 3.91 | 3.47 | 3.82 |
| EBITDA margin | +9.4% | +8.8% | +12.9% | +22.5% | +12.8% | +18.4% | +19.0% | +19.4% |
| Depreciation | 1.78 | 1.74 | 1.71 | 1.96 | 1.95 | 1.84 | 1.80 | 2.00 |
| Interest | 0.35 | 0.48 | 0.54 | 0.60 | 0.35 | 0.48 | 0.35 | 0.48 |
| Profit before tax | 0.37 | 0.17 | 1.63 | 4.77 | 0.55 | 1.69 | 1.38 | 1.49 |
| Tax | 0.11 | 0.07 | 0.43 | 1.26 | 0.13 | 0.43 | 0.35 | 0.43 |
| Net profit | 0.26 | 0.10 | 1.20 | 3.51 | 0.42 | 1.26 | 1.03 | 1.06 |
| EPS (₹) | 0.03 | 0.01 | 0.12 | 0.35 | 0.04 | 0.12 | 0.10 | 0.00 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 112 | 98.19 | 92.23 | 92.58 | 76.88 | 59.77 | 67.48 |
| Revenue growth | +14.5% | +6.5% | -0.4% | +20.4% | +28.6% | -11.4% | - |
| EBITDA | 15.08 | 10.11 | 17.12 | 13.35 | 15.32 | 12.75 | 14.96 |
| EBITDA margin | +13.4% | +10.3% | +18.6% | +14.4% | +19.9% | +21.3% | +22.2% |
| Profit before tax | 4.84 | 2.56 | 8.38 | 6.14 | 8.20 | 5.55 | 6.73 |
| Net profit | 3.39 | 0.99 | 6.20 | 4.60 | 6.06 | 4.07 | 5.10 |
| Net profit margin | +3.0% | +1.0% | +6.7% | +5.0% | +7.9% | +6.8% | +7.6% |
| EPS (₹) | 0.35 | 0.18 | 0.61 | 0.45 | 0.60 | 4.08 | 4.78 |
| Balance sheet | |||||||
| Total assets | 91.40 | 84.38 | 84.61 | 76.81 | 64.16 | 60.09 | 61.36 |
| Net worth | 63.88 | 60.37 | 58.53 | 52.31 | 47.75 | 41.49 | 37.35 |
| Total debt | 26.52 | 23.46 | 25.72 | 24.18 | 16.05 | 18.17 | 23.67 |
| Cash & bank | 0.11 | 0.42 | 0.83 | 1.26 | 0.34 | 1.23 | 0.50 |
| Net working capital | 17.39 | 17.42 | 18.46 | 12.02 | 17.58 | 12.36 | 13.99 |
| Cash flow | |||||||
| Cash from operations | 14.43 | 8.23 | 10.21 | 18.50 | 9.73 | 14.03 | 17.88 |
| Cash from investing | (15.88) | (4.42) | (10.39) | (24.03) | (7.13) | (5.94) | (12.06) |
| Cash from financing | 1.15 | (4.23) | (0.25) | 6.45 | (3.49) | (7.36) | (5.93) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27.07 | 27.89 | 32.65 | 31.15 | 24.81 | 23.86 | 25.77 | 23.35 |
| Revenue growth (YoY) | +9.1% | +16.9% | +26.7% | +33.4% | +7.6% | -8.3% | - | - |
| Other income | 0.52 | 1.48 | 0.59 | 0.22 | 0.18 | 0.29 | 0.37 | 0.31 |
| Total expenses | 24.28 | 25.66 | 27.32 | 27.19 | 21.90 | 20.97 | 23.23 | 21.16 |
| EBITDA | 2.79 | 2.23 | 5.33 | 3.96 | 2.91 | 2.89 | 2.54 | 2.19 |
| EBITDA margin | +10.3% | +8.0% | +16.3% | +12.7% | +11.7% | +12.1% | +9.9% | +9.4% |
| Depreciation | 2.95 | 2.52 | 2.87 | 2.65 | 2.22 | 1.88 | 1.94 | 1.78 |
| Interest | 0.60 | 0.49 | 0.37 | 0.45 | 0.51 | 0.58 | 0.60 | 0.35 |
| Profit before tax | (0.24) | 0.70 | 2.68 | 1.08 | 0.36 | 0.72 | 0.37 | 0.37 |
| Tax | 0.04 | 0.19 | 0.79 | 0.28 | 0.09 | 0.18 | 0.11 | 0.11 |
Financial Statements
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.35 | 23.05 | 26.01 | 30.89 | 21.80 | 21.24 | 18.30 | 19.71 |
| Revenue growth (YoY) | +7.1% | +8.5% | +42.1% | +56.7% | -18.9% | - | - | - |
| Other income | 0.31 | 0.37 | 0.53 | 0.39 | 0.05 | 0.10 | 0.06 | 0.15 |
| EBITDA | 2.19 | 2.02 | 3.35 | 6.94 | 2.80 | 3.91 | 3.47 | 3.82 |
| EBITDA margin | +9.4% | +8.8% | +12.9% | +22.5% | +12.8% | +18.4% | +19.0% | +19.4% |
| Depreciation | 1.78 | 1.74 | 1.71 | 1.96 | 1.95 | 1.84 | 1.80 | 2.00 |
| Interest | 0.35 | 0.48 | 0.54 | 0.60 | 0.35 | 0.48 | 0.35 | 0.48 |
| Profit before tax | 0.37 | 0.17 | 1.63 | 4.77 | 0.55 | 1.69 | 1.38 | 1.49 |
| Tax | 0.11 | 0.07 | 0.43 | 1.26 | 0.13 | 0.43 | 0.35 | 0.43 |
| Net profit | 0.26 | 0.10 | 1.20 | 3.51 | 0.42 | 1.26 | 1.03 | 1.06 |
| EPS (₹) | 0.03 | 0.01 | 0.12 | 0.35 | 0.04 | 0.12 | 0.10 | 0.00 |
| Particulars | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Revenue | 92.23 | 92.58 |
| Revenue growth | -0.4% | - |
| Other income | 0.59 | 1.49 |
| Total expenses | 75.11 | 79.23 |
| Employee cost | 28.39 | 25.85 |
| EBITDA | 17.12 | 13.35 |
| EBITDA margin | +18.6% | +14.4% |
| Depreciation | 7.55 | 7.02 |
| Interest | 1.78 | 1.68 |
| Profit before tax | 8.38 | 6.14 |
| Tax | 2.17 | 1.60 |
| Net profit | 6.20 | 4.60 |
| Net profit margin | +6.7% | +5.0% |
| EPS (₹) | 0.61 | 0.45 |
| Particulars | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 10.13 | 10.13 |
| Reserves & surplus | 48.40 | 42.18 |
| Shareholders' funds (net worth) | 58.53 | 52.31 |
| Minority interest | 0.00 | 0.00 |
| Secured loans | 1.48 | 5.19 |
| Unsecured loans | 24.23 | 18.99 |
| Total debt | 25.71 | 24.18 |
| Total liabilities | 84.61 | 76.81 |
| Assets | ||
| Gross block | 92.04 | 88.50 |
| Net block | 59.03 | 63.05 |
| Capital work in progress | 0.00 | 0.00 |
| Investments | 7.00 | 0.00 |
| Inventories | 0.00 | 0.00 |
| Sundry debtors | 24.54 | 15.41 |
| Cash & bank balances | 0.84 | 1.26 |
| Loans & advances | 0.66 | 0.70 |
| Total current assets | 26.04 | 17.37 |
| Total current liabilities | 7.56 | 5.35 |
| Net working capital | 18.48 | 12.02 |
| Total assets | 84.61 | 76.81 |
| Particulars | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Opening cash | 1.26 | 0.34 |
| Net cash from operating activities | 10.21 | 18.50 |
| Net cash from investing activities | (10.38) | (24.03) |
| Net cash from financing activities | (0.25) | 6.45 |
| Net change in cash | (0.42) | 0.92 |
| Closing cash | 0.84 | 1.26 |
| Particulars | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Growth | ||
| Sales growth | -0.4% | - |
| EBITDA growth | +28.2% | - |
| PBT growth | +36.5% | +9997.0% |
| Net income growth | +34.8% | - |
| Profitability & leverage | ||
| Net income margin | +6.7% | +4.9% |
| Return on capital employed | +12.6% | +10.2% |
| Return on net worth | +11.2% | +8.7% |
| Debt / equity | 0.45 | 0.46 |
| Long-term debt / equity | 0.10 | 0.10 |
| Interest cover | 18.60 | 26.54 |
| Efficiency & per share | ||
| Fixed asset turnover | 1.02 | 1.05 |
| Inventory turnover | 0.00 | 0.00 |
| Debtors turnover | 4.62 | 6.01 |
| EPS (₹) | 0.61 | 0.45 |
| Dividend per share (₹) | 0.00 | 0.00 |
| Book value per share (₹) | 5.78 | 5.17 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27.07 | 27.89 | 32.65 | 31.15 | 24.81 | 23.86 | 25.77 | 23.35 |
| Revenue growth (YoY) | +9.1% | +16.9% | +26.7% | +33.4% | +7.6% | -8.3% | - | - |
| Other income | 0.52 | 1.48 | 0.59 | 0.22 | 0.18 | 0.29 | 0.37 | 0.31 |
| Total expenses | 24.28 | 25.66 | 27.32 | 27.19 | 21.90 | 20.97 | 23.23 | 21.16 |
| EBITDA | 2.79 | 2.23 | 5.33 | 3.96 | 2.91 | 2.89 | 2.54 | 2.19 |
| EBITDA margin | +10.3% | +8.0% | +16.3% | +12.7% | +11.7% | +12.1% | +9.9% | +9.4% |
| Depreciation | 2.95 | 2.52 | 2.87 | 2.65 | 2.22 | 1.88 | 1.94 | 1.78 |
| Interest | 0.60 | 0.49 | 0.37 | 0.45 | 0.51 | 0.58 | 0.60 | 0.35 |
| Profit before tax | (0.24) | 0.70 | 2.68 | 1.08 | 0.36 | 0.72 | 0.37 | 0.37 |
| Tax | 0.04 | 0.19 | 0.79 | 0.28 | 0.09 | 0.18 | 0.11 | 0.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 112 | 98.19 | 92.23 | 92.58 | 76.88 | 59.77 | 67.48 |
| Revenue growth | +14.5% | +6.5% | -0.4% | +20.4% | +28.6% | -11.4% | - |
| Other income | 1.29 | 1.59 | 0.59 | 1.49 | 0.51 | 0.59 | 0.59 |
| Total expenses | 97.38 | 88.08 | 75.11 | 79.23 | 61.56 | 47.02 | 52.52 |
| Employee cost | 38.05 | 31.96 | 28.39 | 25.85 | 23.32 | 19.82 | 20.54 |
| EBITDA | 15.08 | 10.11 | 17.12 | 13.35 | 15.32 | 12.75 | 14.96 |
| EBITDA margin | +13.4% | +10.3% | +18.6% | +14.4% | +19.9% | +21.3% | +22.2% |
| Depreciation | 9.62 | 7.17 | 7.55 | 7.02 | 6.26 | 5.93 | 6.25 |
| Interest | 1.91 | 1.97 | 1.78 | 1.68 | 1.37 | 1.86 | 2.57 |
| Profit before tax | 4.84 | 2.56 | 8.38 | 6.14 | 8.20 | 5.55 | 6.73 |
| Tax | 1.34 | 0.72 | 2.17 | 1.60 | 2.09 | 1.41 | 1.89 |
| Net profit | 3.39 | 0.99 | 6.20 | 4.60 | 6.06 | 4.07 | 5.10 |
| Net profit margin | +3.0% | +1.0% | +6.7% | +5.0% | +7.9% | +6.8% | +7.6% |
| EPS (₹) | 0.35 | 0.18 | 0.61 | 0.45 | 0.60 | 4.08 | 4.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.13 | 10.13 | 10.13 | 10.13 | 10.13 | 10.13 | 10.13 |
| Reserves & surplus | 53.75 | 50.24 | 48.40 | 42.18 | 37.62 | 31.36 | 27.22 |
| Shareholders' funds (net worth) | 63.88 | 60.37 | 58.53 | 52.31 | 47.75 | 41.49 | 37.35 |
| Secured loans | 7.76 | 6.06 | 9.09 | 11.11 | 9.63 | 7.90 | 12.13 |
| Unsecured loans | 18.76 | 17.40 | 16.63 | 13.07 | 6.42 | 10.27 | 11.54 |
| Total debt | 26.52 | 23.46 | 25.72 | 24.18 | 16.05 | 18.17 | 23.67 |
| Total liabilities | 91.40 | 84.38 | 84.61 | 76.81 | 64.16 | 60.09 | 61.36 |
| Assets | |||||||
| Gross block | 121 | 102 | 92.04 | 88.50 | 64.46 | 54.13 | 50.93 |
| Net block | 71.02 | 61.36 | 59.03 | 63.05 | 46.02 | 41.95 | 44.68 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 2.90 | 7.01 | 0.00 | 0.00 | 3.06 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 24.78 | 21.64 | 24.54 | 15.41 | 21.23 | 14.94 | 17.33 |
| Cash & bank balances | 0.11 | 0.42 | 0.83 | 1.26 | 0.34 | 1.23 | 0.50 |
| Loans & advances | 4.98 | 5.35 | 0.65 | 0.70 | 2.02 | 1.41 | 1.36 |
| Total current assets | 29.87 | 27.41 | 26.02 | 17.37 | 23.59 | 17.58 | 19.19 |
| Total current liabilities | 12.48 | 9.99 | 7.56 | 5.35 | 6.01 | 5.22 | 5.20 |
| Net working capital | 17.39 | 17.42 | 18.46 | 12.02 | 17.58 | 12.36 | 13.99 |
| Total assets | 91.40 | 84.38 | 84.61 | 76.81 | 64.16 | 60.09 | 61.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.42 | 0.83 | 1.26 | 0.34 | 1.23 | 0.50 | 0.61 |
| Net cash from operating activities | 14.43 | 8.23 | 10.21 | 18.50 | 9.73 | 14.03 | 17.88 |
| Net cash from investing activities | (15.88) | (4.42) | (10.39) | (24.03) | (7.13) | (5.94) | (12.06) |
| Net cash from financing activities | 1.15 | (4.23) | (0.25) | 6.45 | (3.49) | (7.36) | (5.93) |
| Net change in cash | (0.30) | (0.42) | (0.42) | 0.92 | (0.89) | 0.73 | (0.11) |
| Closing cash | 0.11 | 0.42 | 0.83 | 1.26 | 0.34 | 1.23 | 0.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +14.5% | +6.5% | -0.4% | +20.4% | +28.6% | -11.4% | - |
| EBITDA growth | +49.2% | -41.0% | +28.2% | -12.9% | +20.2% | -14.8% | - |
| PBT growth | +89.1% | -69.5% | +36.5% | -25.1% | +47.8% | -17.5% | +39.9% |
| Net income growth | +242.4% | -84.0% | +34.8% | -24.1% | +48.9% | -20.2% | - |
| Revenue CAGR (3Y) | +6.7% | +8.5% | +15.6% | +11.1% | +14.2% | +13.4% | +26.2% |
| EBITDA CAGR (3Y) | +4.2% | -12.9% | +10.3% | -3.7% | +25.5% | +18.5% | +31.3% |
| Profitability & leverage | |||||||
| Net income margin | +3.1% | +1.9% | +6.7% | +4.9% | +8.0% | +6.9% | +7.2% |
| Return on capital employed | +7.7% | +4.6% | +12.6% | +11.1% | +15.4% | +12.2% | +15.4% |
| Return on net worth | +5.6% | +1.7% | +11.2% | +9.1% | +13.7% | +10.5% | +13.8% |
| Debt / equity | 0.40 | 0.41 | 0.45 | 0.40 | 0.38 | 0.53 | 0.72 |
| Long-term debt / equity | 0.03 | 0.05 | 0.10 | 0.08 | 0.12 | 0.27 | 0.50 |
| Interest cover | 34.98 | 67.01 | 18.60 | 26.54 | 15.12 | 27.27 | 29.51 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.01 | 1.01 | 1.02 | 1.21 | 1.30 | 1.14 | 1.19 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 4.85 | 4.25 | 4.62 | 5.05 | 4.25 | 3.70 | 3.77 |
| EPS (₹) | 0.35 | 0.18 | 0.61 | 0.45 | 0.60 | 4.08 | 4.78 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 6.31 | 5.96 | 5.78 | 5.17 | 4.72 | 40.97 | 36.88 |
To see the full year-wise statements and ratios of Aakash Exploration Services Limited, buy the company report.
Board of directors of Aakash Exploration Services Limited
Aakash Exploration Services has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipul Navinchandra Haria | Managing Director | 17 Jan 2007 | 19 Years 9 Months | Current |
| Ami Nirav Shah | Director | 14 Dec 2017 | 8 Years 10 Months | Current |
| Divyang Rameshchandra Patel | Director | 14 Dec 2017 | 8 Years 10 Months | Current |
| Piyush Vasanji Savla | Director | 14 Dec 2017 | 8 Years 10 Months | Current |
| Hemang Navinbhai Haria | Whole-Time Director | 17 Jan 2007 | 19 Years 9 Months | Current |
| Vihan Haria Also directs: Dil Venture Oil and Gas Private Limited | Whole-Time Director | 11 Aug 2026 | 0 Years 2 Months | Current |
Auditor
Aakash Exploration Services Limited is audited by Bimal Shah Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bimal Shah Associates | FY 2023 | 101505W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 66.50%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 33.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 66.50% | 66.50% | 66.50% | 66.50% |
| Public | 33.50% | 33.50% | 33.50% | 33.50% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2026 | 101363887 | Others | ₹1.89 Cr | Open | |
| 23 Dec 2025 | 101219018 | Others | ₹10 Cr | Open | |
| 30 Sep 2025 | 101168763 | Axis Bank Limited | ₹39.8 Lakh | Open | |
| 29 Jul 2025 | 101137417 | Others | ₹5.3 Cr | Open | |
| 03 May 2025 | 101088820 | Axis Bank Limited | ₹41.32 Lakh | Open |
To see the full charge records of Aakash Exploration Services Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Aakash Exploration Services Limited has 32 deals on record (30 market trades, 1 secondary share transfer, 1 ipo); the latest was in March 2026.
Deals on record (5 of 32)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Market trade | ₹1.88 Cr | Buyer: NK Securities Research Private Limited , Mansi Share And Stock Advisors Pvt Ltd Seller: NK Securities Research Private Limited , Mansi Share And Stock Advisors Pvt Ltd |
| Dec 2023 | Market trade | ₹1.06 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited Seller: Multiplier Share and Stock Advisors Private Limited |
| Dec 2022 | Market trade | ₹36.6 Lakh | Seller: Nimba Nature Cure Private Limited |
| Dec 2022 | Market trade | ₹1.93 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited Seller: Nimba Nature Cure Private Limited , Multiplier Share and Stock Advisors Private Limited , an individual |
| Jan 2022 | Market trade | ₹2.55 Cr | Buyer: Kredence Multi Trading Limited |
To see the full deal history of Aakash Exploration Services Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aakash Exploration Services Limited has 15 court cases on record: 7 filed by Aakash Exploration Services, 8 filed against it. 5 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 7 | 3 |
| High courts | 5 | 0 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jodhpur Metro, Rajasthan | Civil miscellaneous application | Filed against the company by Oil India | Pending |
| High Court of Rajasthan | Writ petition | Filed by the company against Oil India Limited and 1 other | Pending |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against Oil India Limited | Pending |
| High Court, GUJARAT | Arbitration matter | Filed by the company against M/S Nakasawa India Pvt. Ltd. and 1 other | Disposed |
| Supreme Court | Court case (4601-Tenders/licenses/leases : Tenders/licenses/leases invited by Union/ UT’s/ Central public sector undertakings, including cancellation/award of tenders.) | Filed against the company by Oil and Natural Gas Corporation Limited Authorized Signatory Avani Bhawan Ongc , District: Chandkheda Campus ,Ahmedabad , Gujarat | Disposed |
To see the full case history of Aakash Exploration Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aakash Exploration Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aakash Exploration Services Limited has a workforce of 737 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Aakash Exploration Services has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCA2119R2ZI | Gujarat | Active | 01 Jul 2017 |
| 23AAGCA2119R1ZL | Madhya Pradesh | Active | 03 Aug 2017 |
| 08AAGCA2119R1ZD | Rajasthan | Active | 25 Aug 2017 |
To see the full GST registrations and return filing status of Aakash Exploration Services Limited, buy the company report.
Recent activity
Aakash Exploration Services Limited has 14 board changes on record since 2007: 10 appointments and 4 cessations. The latest: Vihan Haria was appointed as Whole-Time Director on 11 Aug 2026.
79 earlier events are in the company report.
News
Frequently asked questions
Aakash Exploration Services is an active public limited company based in Ahmedabad, Gujarat, India. The company works in oil and gas exploration and production, within the energy and power industry. It was incorporated on 17 January 2007 (19+ years old) and is registered under CIN L23209GJ2007PLC049792. Listed on NSE: AAKASH.
Aakash Exploration Services reported revenue of ₹112.46 Cr for FY 2025-26 (up 14.5% YoY) based on standalone financials.
Aakash Exploration Services has 6 current directors:
- Vipul Navinchandra Haria - Managing Director
- Hemang Navinbhai Haria - Whole-Time Director
- Vihan Haria - Whole-Time Director
- Ami Nirav Shah - Director
- Divyang Rameshchandra Patel - Director
- Piyush Vasanji Savla - Director
The latest financial statements of Aakash Exploration Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aakash Exploration Services is 24AAGCA2119R2ZI, registered in Gujarat. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 23AAGCA2119R1ZL (Madhya Pradesh), 08AAGCA2119R1ZD (Rajasthan).
The CIN (Corporate Identification Number) of Aakash Exploration Services is L23209GJ2007PLC049792. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Aakash Exploration Services is a listed company as per MCA records. Its shares are listed on NSE (symbol: AAKASH).
Aakash Exploration Services has 15 court cases on record: 7 filed by the company and 8 filed against it. 5 are pending. Most are in the district courts.
Aakash Exploration Services was incorporated on 17 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Aakash Exploration Services has 32 deals on record (30 market trades, 1 secondary share transfer, 1 ipo); the latest was in March 2026.

