Aban Offshore Limited — Important, 04-04-2025: Defaults on Payment of Interest/Principal

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 debt securities totaled ₹44.02 Crore, also fully in default. The company’s total financial indebtedness stands at ₹703.88 Crore.

This situation may raise investor concerns regarding the company's liquidity and financial stability, highlighting potential risks associated with its debt obligations.