The Board of Directors of Asian Oilfield Services Limited has noted the resignation of Mr. Naresh Chandra Sharma, Independent Director of the Company and Chairman of the Board of Directors effective from the close of business hours on 31st March, 2019, pursuant to the applicability of Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, pertaining to the appointment/continuation of Non- executive Director(s) above the age of 75 years, effective from 1st April, 2019. Consequently, he will also cease to be Chairman/Member of the Committees constituted by the Board of Directors.