Aban Offshore Limited — Important, 07-01-2025: Defaults on Payment of Interest/Principal

Aban Offshore Limited has disclosed defaults on interest payments and principal repayments for loans and unlisted debt securities for the quarter ending December 31, 2024. The company has outstanding loans and revolving facilities totaling ₹652.77 crore, with defaults amounting to ₹45.04 crore. Additionally, unlisted debt securities, including Non-Convertible Debentures (NCDs) and Non-Convertible Redeemable Preference Shares (NCRPS), also show defaults matching the outstanding amounts. This situation may raise concerns among investors regarding the company’s financial health and liquidity, potentially leading to a cautious sentiment as its indebtedness has become more apparent.