Aban Offshore Q2 2026 Financials Reviewed Amid Going Concern Uncertainty

Aban Offshore Limited has released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results, approved by the Resolution Professional, indicate a material uncertainty regarding the company's ability to continue as a going concern. This is due to accumulated losses, eroded net worth, current liabilities exceeding current assets, and defaults on loan repayments. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) initiated by an NCLT order on September 1, 2025. The auditor's report highlights that they were unable to obtain sufficient appropriate evidence to provide a review conclusion due to these circumstances, and specifically mentions an overdue investment of INR 94.34 million in preference shares.