Aban Offshore Limited — Important, 07-01-2025: Updates

Aban Offshore Limited has disclosed significant defaults on interest and principal repayments related to loans from banks, financial institutions, and unlisted debt securities for the quarter ending December 31, 2024. The total outstanding amount from loans and revolving facilities is ₹652.77 Cr, with a complete default on the due payments. Additionally, unlisted debt securities amount to ₹45.04 Cr, also facing full defaults. Overall, the company’s total financial indebtedness stands at ₹697.81 Cr. This situation raises concerns regarding the company’s financial stability and ability to service its debt, which investors should monitor closely.