Aban Offshore Limited — Board Meeting, 11-08-2025: Outcome of Board Meeting

Aban Offshore has announced a board meeting where it approved the financial results for the quarter ended June 30, 2025. The company reported a consolidated net loss of ₹252.81 crore for the quarter. Auditors expressed a disclaimer conclusion on consolidated results and a qualified opinion on standalone results, citing significant doubts about the company's ability to continue as a going concern. This is due to defaults on loan repayments, interest, and preference share redemptions amounting to ₹281 crore. The company is actively discussing a debt resolution plan with lenders. The AGM date has been adjusted to September 24, 2025.