Aban Offshore Aban Offshore has appointed D. Suresh as its new Company Secretary, effective August 1, 2026. The appointment marks a transition in key managerial personnel following the superannuation of outgoing Company Secretary S. N. Balaji, whose tenure concluded on July 31, 2026. This leadership change ensures continuity in corporate governance and regulatory compliance for the company, which is currently undergoing Corporate Insolvency Resolution Process (CIRP).

The appointment was formalized through a disclosure filed with the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Ltd (NSE) on July 28, 2026. The intimation was issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereof. Additionally, the filing referenced SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring adherence to updated regulatory guidelines for disclosures regarding changes in key managerial personnel.

Leadership Transition Details

D. Suresh, previously serving as Deputy Company Secretary with Membership Number A51451, assumes the role of Company Secretary immediately following Balaji’s retirement. The transition is structured to maintain seamless operational oversight during a critical period for the company.

The filing confirms that there are no disclosed relationships between directors regarding this appointment, as specified under Part A of Schedule III of Regulation 30. The disclosure was signed by Shailesh Desai, the Resolution Professional registered with the Insolvency and Bankruptcy Board of India (IBBI Registration No. IBBI/IPA-001/IP-P00183/2017-18/10362), underscoring the oversight role of the resolution professional in managing key appointments during the CIRP phase.

Profile of New Company Secretary

D. Suresh brings significant experience in corporate governance and financial management to the role. According to the disclosure, he is a qualified Company Secretary with over 10 years of experience in corporate governance and regulatory compliance. Furthermore, he possesses approximately 15 years of experience in the fields of finance and accounts. This background positions him to handle the complex compliance requirements associated with a company undergoing insolvency resolution.

What the Numbers Show

The appointment reflects standard procedural continuity rather than a strategic shift in governance structure. With over a decade of specialized experience in corporate governance and 15 years in finance, Suresh’s profile aligns with the rigorous compliance demands of a listed entity under CIRP. The immediate succession from Deputy Company Secretary to Company Secretary suggests an internal promotion aimed at minimizing disruption during the transition period initiated by Balaji’s superannuation.

Aban Offshore Limited accepted the resignation of Independent Director Krishnamurthy Vijayan effective July 22, 2026, due to personal reasons and other professional commitments. The resignation was submitted to the Resolution Professional and confirmed that no other material reasons existed for the departure. This change impacts the board composition of the company, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code (IBC) following an order by the Hon'ble National Company Law Tribunal (NCLT) dated September 1, 2025.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) regulations and a specific SEBI circular dated July 13, 2023. The company has completed the necessary formalities to record the resignation with the stock exchanges.

Directorship Details

Vijayan held the position of Independent Director and was a member of the Audit Committee. His resignation was effective from the closing hours on July 22, 2026. Prior to his role at Aban Offshore, he held directorships in other listed entities.

The resignation letter was formally submitted to Shailesh Desai, the Resolution Professional for Aban Offshore Limited. Desai is registered with the Insolvency and Bankruptcy Board of India (IBBI) under registration number IBBI/PA-001/IP-P00183/2017-18/10362.