Aban Offshore Gets CARE D Rating with Non-Cooperation Tag

CARE Ratings assigns D rating with 'Issuer Not Cooperating' status to Aban Offshore's ₹387.47 crore bank facilities and ₹281 crore preference shares due to lack of cooperation.

Aban Offshore Q3 FY26 Results on Feb 13, 2026

Aban Offshore Limited announces that its Resolution Professional will consider and approve unaudited financial results for Q3 FY26 on February 13, 2026. Company remains under CIRP process.

Aban Offshore's ₹281 Cr Preference Shares Unredeemed

Aban Offshore Limited discloses that Non-Convertible Redeemable Preference shares worth ₹281 crores remain unredeemed since 2014 and are under suspension, as per regulatory filing.

Aban Offshore Appoints Shailesh Desai as Resolution Professional

Aban Offshore Limited's Committee of Creditors approved the appointment of Interim Resolution Professional Mr. Shailesh Desai as Resolution Professional through e-voting that concluded on 26 November 2025. The company is undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, following an NCLT order dated October 2025.

Aban Offshore Limited Submits Creditors List During Insolvency Process

Aban Offshore Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has submitted its list of creditors as of November 12, 2025, to BSE and NSE. The submission was made by Interim Resolution Professional Shailesh Desai in compliance with insolvency regulations. The creditors list includes multiple banks such as Punjab National Bank (with claims of ₹12,65,39,59,486), Canara Bank (₹2,79,38,33,690), IndusInd Bank Limited (₹47,99,01,146), and several other financial institutions including Bank of Baroda UAE, Indian Overseas Bank, State Bank of India, ICICI Bank, and Axis Bank among others. The total creditor claims amount to substantial figures across domestic and international banking entities.