Aban Offshore
33.37
-0.53(-1.56%)
Market Cap₹- Cr
PE Ratio-
IndustryOil & Gas
Company Performance:
1D-1.56%
1M-13.41%
6M-29.58%
1Y-49.20%
5Y+16.68%
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More news about Aban Offshore
19Sept 25
Aban Offshore Grapples with Management Void Amid Insolvency and Director Resignation
Aban Offshore Limited entered Corporate Insolvency Resolution Process on September 1, following an NCLT order. The company's management was suspended and transferred to an Interim Resolution Professional, who unfortunately passed away, creating a leadership void. Independent Director Sumit Kumar Khanna resigned on September 15, filing directly with the Registrar of Companies. The company, facing compliance challenges due to the absence of active management, is striving to meet regulatory requirements under difficult circumstances.
11Aug 25
Aban Offshore Reports Widening Losses and Financial Distress in Q1
Aban Offshore Limited's Q1 consolidated results show deepening financial troubles. Revenue declined 24.20% to Rs 1,162.35 crore, with net loss widening to Rs 2,528.12 crore. The company faces severe financial challenges, including negative net worth, loan defaults, and breaches of debt covenants. Despite standalone operations remaining profitable, the company is in discussions with lenders for a debt resolution plan. Auditors have expressed concerns about the company's going concern status.
Aban Offshore
33.37
-0.53
(-1.56%)
1 Year Returns:-49.20%
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