Aban Offshore
20.81
-0.30(-1.42%)
Market Cap₹121.46 Cr
PE Ratio-0.11
IndustryOil & Gas
Company Performance:
1D-1.42%
1M+13.72%
6M-50.83%
1Y-45.79%
5Y-28.12%
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More news about Aban Offshore
31Oct 25
Aban Offshore Enters Corporate Insolvency Resolution Process, IRP Appointed
Aban Offshore Limited has entered the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, following an NCLT Chennai Bench order. The CIRP commenced on September 1, 2025, with Shailesh Desai appointed as Interim Resolution Professional. The company's Board of Directors has been suspended, and a moratorium declared. The IRP will assume Board and committee responsibilities during the process. Regulatory compliance adjustments have been made in line with SEBI LODR Regulations. The IRP has scheduled a meeting on November 10, 2025, to consider and approve the unaudited financial results for the quarter ended September 30, 2025.
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14Oct 25
Aban Offshore Appoints New Interim Resolution Professional Amid Ongoing CIRP
NCLT Chennai has appointed Mr. Shailesh Desai as the new Interim Resolution Professional for Aban Offshore Limited, following the death of the previous IRP. The Corporate Insolvency Resolution Process (CIRP) was initiated by Punjab National Bank. No Committee of Creditors has been formed yet. The company has appealed the CIRP initiation, and NCLAT has directed the financial creditor to decide on a one-time settlement proposal within four weeks. The next NCLAT hearing is scheduled for November 3, 2025.
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22Sept 25
Aban Offshore Postpones AGM Amid Ongoing Corporate Insolvency Resolution Process
Aban Offshore Limited has postponed its Annual General Meeting (AGM) originally scheduled for September 24, 2025, due to the ongoing Corporate Insolvency Resolution Process (CIRP). The delay is attributed to the Interim Resolution Professional (IRP) not yet assuming charge of the company's affairs. The company has communicated this decision to the National Stock Exchange and Bombay Stock Exchange, assuring that a revised AGM date will be announced later.
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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.
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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.
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Aban Offshore
20.81
-0.30
(-1.42%)
1 Year Returns:-45.79%
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Aban Offshore
20.81
(-1.42%)