ABAN OFFSHORE LTD.

Aban Offshore Ltd has issued a revised notice for its 39th Annual General Meeting (AGM) to be held on November 16, 2026, via Video Conferencing. The meeting is convened by the Resolution Professional due to the ongoing Corporate Insolvency Resolution Process (CIRP) initiated by Punjab National Bank. Key agenda items include adopting the Audited Standalone and Consolidated Financial Statements for FY 2025, appointing a director, approving the continuation of a director beyond 75 years, and appointing a secretarial auditor for five years. The 40th AGM will follow immediately after.

Aban Offshore Ltd has filed its Annual Report for the Financial Year 2025-26 and a notice for its 40th Annual General Meeting (AGM). The AGM is scheduled for November 16, 2026, at 11:30 a.m. IST, to be conducted via video conferencing. The report, containing the AGM notice, has also been uploaded to the company's website. The filing includes sections on corporate information, management discussion, director's report, corporate governance, financials, and a 10-year highlights section. It also contains a forward-looking statement disclaimer. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP).

Aban Offshore Ltd has announced that its 40th Annual General Meeting (AGM) will be held on Monday, November 16, 2026, starting at 11:30 AM IST. The meeting will be conducted via two-way Video Conferencing (VC) facility and Other Audio Visual Means (OAVM). In compliance with SEBI (LODR) Regulations, 2015, the company will offer remote e-voting, which will be open from Friday, November 13, 2026, 9:00 AM, to Sunday, November 15, 2026, 5:00 PM. The cutoff date for determining voting rights is November 9, 2026.

Aban Offshore Ltd has announced that its 39th Annual General Meeting (AGM) will be conducted on Monday, November 16, 2026, commencing at 10:15 AM. The meeting will be held virtually through Video Conferencing (VC) or Other Audio Visual Means (OAVM). In compliance with SEBI (LODR) Regulations, 2015, the company will facilitate remote e-voting for shareholders. The remote e-voting period will be open from Friday, November 13, 2026, at 9:00 AM until Sunday, November 15, 2026, at 5:00 PM, inclusive of both days. The cutoff date for determining voting rights is November 9, 2026.

Aban Offshore Ltd has announced the closure of its trading window for dealing in company securities. The trading window will be closed from October 1, 2026, until 48 hours after the declaration of financial results for the quarter/half year ended September 30, 2026. This measure is implemented in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, to prevent insider trading by designated persons and their immediate relatives.

Aban Offshore Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the financial results for the quarter and half-year ended September 30, 2026. The decision aligns with the company's Code of Conduct and SEBI's Prohibition of Insider Trading Regulations, 2015, aimed at preventing insider trading by designated persons and their immediate relatives.

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.

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.

Aban Offshore Ltd has provided a clarification regarding the delay in disclosing the outcome of a board meeting. The company stated that it is undergoing Corporate Insolvency Resolution Process (CIRP) since September 1, 2025, with its affairs managed by a Resolution Professional under the Insolvency and Bankruptcy Code, 2016. The company clarified that no Board of Directors meeting was held on August 14, 2026. The financial statements mentioned in a prior corporate announcement were signed by the Resolution Professional as part of the CIRP, not approved by the Board. Therefore, regulations regarding the disclosure of board meeting outcomes are not applicable as no board meeting convened on that date.

Aban Offshore Ltd has released its audited standalone financial results for the quarter and year ended March 31, 2026. The company is currently under Corporate Insolvency Resolution Process (CIRP) following an NCLT order on September 1, 2025. The independent auditors, Ford Rhodes Parks & Co. LLP, have issued a disclaimer of opinion due to the non-receipt of bank balance confirmations for deposits totaling INR 592.98 million and bank borrowings of INR 4,148.03 million. Additionally, the auditors noted a material uncertainty regarding the company's ability to continue as a going concern due to accumulated losses, eroded net worth, and liabilities exceeding assets, compounded by defaults on loan payments.