Aban Offshore Limited — Others, 06-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Aban Offshore Limited has announced a board meeting to discuss significant material litigation involving its step-down subsidiary, Aban Singapore Pte Ltd, against the Joint Commissioner of CGST in Chennai. The dispute pertains to tax issues from FY 2017-18 to FY 2021-22, with an expected financial implication of approximately ₹23.51 crore, plus penalties and interest. The company plans to appeal the decision. This update may present a potential risk for investors due to the financial liability and ongoing litigation, though management's proactive approach could mitigate long-term impacts.