Aban Offshore declares unaudited Q2 FY27 results

Aban Offshore Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were approved by the Resolution Professional. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated September 1, 2025. The auditors have issued a disclaimer of conclusion due to material uncertainty relating to going concern, citing accumulated losses, eroded net worth, current liabilities exceeding current assets, and defaults in loan repayments. The appropriateness of the going-concern basis depends on improved cash flows, asset monetization, and CIRP outcome. An overdue investment of INR 94.34 million in preference shares is also noted.