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Incorporated in 1986, Aban Offshore is in the business of offshore drilling services
Aban Offshore, undergoing restructuring, has formally appointed Mr. Shailesh Desai as its Resolution Professional. This crucial step confirms leadership for steering the company's insolvency process forward.
Aban Offshore's Annual General Meeting is postponed as the Interim Resolution Professional has not yet taken charge, following the company's entry into insolvency proceedings. A new date will be announced soon.
Aban Offshore has announced its 39th Annual General Meeting will be held virtually. The company is providing e-voting facilities for shareholders, with an eligibility cutoff date for voting rights.
Aban Offshore Limited has announced a default on its loan repayments for the quarter, with ₹666.84 Cr outstanding from bank loans and cash credit facilities, fully in default. Additionally, ₹44.72 Cr of its unlisted debt securities remain unpaid. The total financial indebtedness stands at ₹711.55 Cr. This shortfall in servicing...
Aban Offshore Limited has announced a board meeting to disclose defaults on interest payments and principal repayments for loans from banks and unlisted debt securities for the quarter ending March 31, 2025. The company reported a total outstanding loan amount of ₹659.86 Crore, with defaults matching this figure. Additionally, unlisted...