Aban Offshore Explains Delay in Secretarial Report Submission

Aban Offshore Limited has provided a clarification regarding the delay in submitting its Secretarial Compliance Report. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) since September 1, 2025, as ordered by the NCLT Chennai. Although the CIRP proceedings were stayed by the NCLAT on January 21, 2026, this has prevented the company from convening its Annual General Meeting for FY 2024-25. Consequently, a Secretarial Auditor has not yet been appointed, leading to the inability to submit the report. The company asserts the delay is due to genuine difficulties and requests a waiver of the penalty, promising to submit the report post-appointment of the auditor and AGM.