Aban Offshore Limited has announced that its Resolution Professional will consider and approve the audited financial results for the quarter and year ended March 31, 2026. The meeting is scheduled to take place on Thursday, May 28, 2026.

The company will release the financial results on a standalone and consolidated basis. The intimation was addressed to the BSE Ltd and the National Stock Exchange of India Ltd to ensure the information is taken on record.

Meeting Details

The approval of the audited financial results is the primary agenda for the upcoming meeting. This disclosure covers the performance of the company for the full fiscal year and the concluding quarter.

The communication was formally signed by Shailesh Desai, the Resolution Professional for aban offshore , which is currently undergoing the Corporate Insolvency Resolution Process (CIRP).

Aban Offshore Limited's Corporate Insolvency Resolution Process (CIRP) appeal hearing has been adjourned by the National Company Law Appellate Tribunal (NCLAT) Chennai. The tribunal issued an order on April 10, 2026, postponing the proceedings to June 2, 2026.

Official Communication to Stock Exchanges

The company formally communicated the tribunal's order to both BSE Limited and National Stock Exchange of India Limited on April 16, 2026. The communication was signed by Shailesh Desai, the Resolution Professional, maintaining transparency with stakeholders and ensuring regulatory compliance during the ongoing insolvency proceedings.

Case Details and Parties Involved

The appeal, filed under Company Appeal (AT) (CH) (Ins) No.477/2025, involves Reji Abraham, the suspended Managing Director of Aban Offshore Limited, as the appellant. The case is contested against Punjab National Bank and another respondent in connection with the company's ongoing CIRP proceedings.

Adjournment Details

The NCLAT Chennai granted the adjournment request made by the appellant's counsel, Mr. Sumesh Dhawan, who cited prior professional engagements as the reason for seeking postponement. The tribunal, presided over by Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical), accepted the request and scheduled the matter for June 2, 2026, under the caption 'For orders'.

Interim Order Continuity

A significant aspect of the tribunal's order is the continuation of existing interim orders. The NCLAT specifically stated that any interim orders previously passed by the tribunal shall remain in effect until the next hearing date. This ensures that the current legal status and operational framework under the CIRP proceedings remain unchanged during the adjournment period.

Company's Current Status

Aban Offshore Limited continues to operate under the Corporate Insolvency Resolution Process, with Shailesh Desai serving as the Resolution Professional. The company's formal communication to stock exchanges demonstrates ongoing compliance with regulatory requirements and maintains transparency with stakeholders throughout the insolvency proceedings.