Aban Offshore Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Aban Offshore has announced a board meeting on 28 May 2025, approving audited consolidated financial results for the year ended 31 March 2025. The group reported a consolidated loss of INR 2,598 Cr on total income of INR 6,680 Cr. Though losses narrowed compared to last year, net worth remains deeply negative at over INR (2,54,020) Cr, with current liabilities surpassing current assets. The company is in default on term loan repayments and preference share redemptions but is actively negotiating with lenders on a debt resolution plan and expects to continue operations. No dividend declared. A new secretarial auditor appointment was approved, subject to shareholder approval.