| Scrip Code | 523204 |
|---|---|
| NSE Symbol | ABAN |
| MSEI Symbol | NA |
| ISIN | INE421A01028 |
| Name of company | ABAN OFFSHORE LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 14-08-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 19-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | DRILLING SERVICES |
| Start date and time of board meeting | 14-08-2026 15:00:00 |
| End date and time of board meeting | 14-08-2026 16:30:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 9,911.50 | 40,961.70 | |
| Other income | 999.50 | 2,309.40 | |
| Total income | 10,911.00 | 43,271.10 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 993.40 | 4,371.60 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 1,716.00 | 6,592.40 |
| (e) | Finance costs | 0.00 | 57,193.70 |
| (f) | Depreciation, depletion and amortisation expense | 2,261.60 | 3,421.60 |
| (f) | Other Expenses | ||
| 1 | AMORTISATION OF CONTRACT ASSETS | 2,132.30 | 8,411.00 |
| 2 | INVENTORY WRITEN DOWN | 0.00 | 0.00 |
| 3 | OTHER EXPENDITURE | 3,076.60 | 14,328.30 |
| Total other expenses | 5,208.90 | 22,739.30 | |
| Total expenses | 10,179.90 | 94,318.60 | |
| 3 | Total profit before exceptional items and tax | 731.10 | (51,047.50) |
| 4 | Exceptional items | (69.60) | (69.60) |
| 5 | Total profit before tax | 661.50 | (51,117.10) |
| 6 | Tax expense | ||
| 7 | Current tax | 402.60 | 1,217.10 |
| 8 | Deferred tax | 157.20 | 630.40 |
| 9 | Total tax expenses | 559.80 | 1,847.50 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 101.70 | (52,964.60) |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 78.60 | 75.10 |
| 16 | Total profit (loss) for period | 180.30 | (52,889.50) |
| 17 | Other comprehensive income net of taxes | (1,05,726.70) | (2,30,983.40) |
| 18 | Total Comprehensive Income for the period | (1,05,546.40) | (2,83,872.90) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 0.00 | 0.00 | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | 0.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 0.00 | 0.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,167.30 | 1,167.30 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | (22,33,155.70) | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0.31 | -90.63 | |
| Diluted earnings (loss) per share from continuing operations | 0.31 | -90.63 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 0.31 | -90.63 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.31 | -90.63 | |
| 24 | Debt equity ratio | 0 | 0 |
| 25 | Debt service coverage ratio | 0 | 0 |
| 26 | Interest service coverage ratio | 0 | 0 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | (a Company under Corporate Insolvency Resolution Process by NCLT Order dated 01.09.2025) Note to Statement of unaudited Consolidated Financial Results: 1. Pursuant to petition filed by Punjab National Bank (‘Financial Creditor’) before the National Company Law Tribunal (‘NCLT’) Chennai bench, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘the Code’) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 (‘the Rules’), the NCLT admitted the petition and vide its order dated 01st September 2025 initiated Corporate Insolvency Resolution Process (‘CIRP’) against Aban Offshore Limited (‘Corporate Debtor / the Parent Company’). The NCLT appointed, vide its order dated 10th October 2025 Mr. Shailesh Bhalchandran Desai as the Resolution Professional (‘RP’). Committee of Creditors(“COC”) at its first meeting held on 26th November 2025 in terms of section 22(3) (a) of the code resolved with the requisite voting appointed Mr Sailesh Bhalchandran Desai as the Resolution Professional. 2. The consolidated financial results for the quarter and year ended 31st March 2026 have been prepared by the Management of the Parent Company and were taken on record and signed by the Resolution Professional (‘RP’) while exercising the powers of Board of Directors of the Parent Company which has been conferred upon him in terms of the provisions of Section 23 of the Insolvency and Bankruptcy Code 2016. 3. The Parent Company has continued as a going concern. Since, under CIRP, the business operations of the Parent Company are managed under supervision of the RP (Resolution Professional) in accordance with objective of IBC 2016 to ensure that going concern is continued for maximising the value of the Parent Company. Hence the Financial results are prepared on going concern basis. 4. The consolidated financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (IND AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting principles and policies to the extent applicable. 5. The Group operates in only one business segment i.e. Offshore Drilling. 6. Clause 52 (6) of LODR disclosure –The Parent Company hasn’t redeemed its non-convertible redeemable preference shares amounting to INR 2,810 million on due dates and paid no dividend. 7. The Statutory Auditors have issued disclaimer of opinion report for the consolidated financial results for the quarter and year ended 31 March 2026. 8. The Standalone Financial results are as under: 9. The Parent Company’s investments in non-cumulative redeemable preference shares of INR 94.34 Million as at 31st March 2026 are overdue. The parent company management is of the opinion that the amounts will be recovered. 10. Pursuant to the commencement of CIRP of the Parent Company under Insolvency and Bankruptcy Code, 2016, the Resolution Professional has begun to receive claims from the financial creditors, operational creditors, other creditors including claims of employees. The overall liabilities shall be determined during the CIRP and accounting impact if any shall be considered on completion of CIRP. 11. Based on the claims received by the RP from financial creditors, the Parent Company has not provided for interest on bank borrowings and dividend on cumulative redeemable preference shares for the period October 2025 to March 2026 since the liabilities are crystalized on CIRP commencement date 12. Based on the claims received by the RP from the financial creditors of the Foreign Subsidiaries, the Parent Company has not considered interest on such bank borrowings in the consolidated financial results for the period October 2026 to March 2026. As per the Provisions of IBC, the liability is crystalised on CIRP commencement date. 13. The Parent Company has accrued for interest income on inter corporate loan at a lower rate which was reset from 01st October 2025. 14. Since the Parent Company is under CIRP process the Parent Company Management has not considered provision of CSR amounting to INR 4.62 Million as required by sub-section 5 of Section 135 (Corporate Social Responsibility) of the Act. 15. The Parent Company has transferred the land (INR 123.45 Million) grouped under ‘Assets held for sale’ back to ‘Property Plant and Equipment’, since per IBC Code 2016, no proceedings can be initiated against the company during the moratorium period. 16. In an earlier year, the Axis Bank Limited an investee of the Parent Company’s Preference Shares, utilised the current account balance of the Parent Company without its consent against the preference dues of INR 180 Million. Considering the legal framework of the preference share issue made by the Parent Company, it reflected the preference share dues and amount utilised by axis bank as recoverable amount in its books. The Parent Company now setoff the liability and recoverable amount in its books. 17. The exceptional items in the Consolidated financial results include: - Statutory Impact of New Labour Codes: On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed the impact of the changes, consistent with the Labour Codes, draft rules, and FAQs. Considering the regulatory-driven, non-recurring nature of this impact, the Parent Company has presented such incremental impact as “Exceptional Items” in the consolidated financial results for the quarter and year ended 31st March, 2026. The Parent Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 18. The RP has signed the Consolidated financial results solely for the purpose of ensuring compliance by the Parent Company with applicable laws, and subject to the following disclaimers: a. The RP has signed the financials results in good faith and accordingly, no suit, prosecution or other legal proceedings shall lie against the RP in terms of Section 233 of the Code; b. No Statement, fact, information (whether current or historical) or opinion contained therein should be construed as representation or warranty, express or implied, of the RP; c. The RP, in review of the financial results and while signing the financial results, has relied upon the assistance provided by the erstwhile Management of the Parent Company. The consolidated financial results of the Company for the quarter and year ended 31st March 2026 have been taken on record by the RP solely on the basis of and on relying on the certifications, representations and statements of the directors and the erstwhile management of the parent company. For all such information and data, the RP has assumed that such information and data are in conformity with the Companies Act, 2013 and other applicable laws with respect to the preparation of the financial results and that they give a true and fair view of the position of the Parent Company as of the dates and period indicated therein. Accordingly, the RP is not making any representations regarding accuracy, veracity or completeness of the data or information in the financial results. For Aban Offshore Limited (in CIRP) Shailesh Bhalchandran Desai Narayan Venkat Ramanan Resolution Professional (Chief Financial Officer) IP Reg No: IBBI/IPA-001/IP-P00183/2017-18/10362 Place: Chennai Date: 14th August 2026 |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | ||
| Date of end of reporting period | 31-03-2026 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Non-current assets | ||
| Property, plant and equipment | 40,638.70 | ||
| Capital work-in-progress | 0.00 | ||
| Investment property | 0.00 | ||
| Goodwill | 0.00 | ||
| Other intangible assets | 41,519.70 | ||
| Intangible assets under development | 0.00 | ||
| Biological assets other than bearer plants | 0.00 | ||
| Investments accounted for using equity method | 0.00 | ||
| Non-current financial assets | |||
| Non-current investments | 2,159.20 | ||
| Trade receivables, non-current | 0.00 | ||
| Loans, non-current | 3,053.20 | ||
| Other non-current financial assets | |||
| 1 | Other financial assets | 26,219.90 | |
| Total of other non-current financial assets | 26,219.90 | ||
| Total non-current financial assets | 31,432.30 | ||
| Deferred tax assets (net) | 3,408.10 | ||
| Other non-current assets | |||
| Total of other non-current assets | |||
| Total non-current assets | 1,16,998.80 | ||
| 2 | Current assets | ||
| Inventories | 13,155.20 | ||
| Current financial asset | |||
| Current investments | 0.00 | ||
| Trade receivables, current | 9,842.80 | ||
| Cash and cash equivalents | 6,785.40 | ||
| Bank balance other than cash and cash equivalents | 0.00 | ||
| Loans, current | 8,873.80 | ||
| Other current financial assets | |||
| Total of other current financial assets | 19,897.90 | ||
| Total current financial assets | 45,399.90 | ||
| Current tax assets (net) | 0.00 | ||
| Other current assets | |||
| Total of other current assets | |||
| Total current assets | 58,555.10 | ||
| 3 | Non-current assets classified as held for sale | 0.00 | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 | |
| Total assets | 1,75,553.90 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 1,167.30 | ||
| Other equity | (28,25,239.70) | ||
| Total equity attributable to owners of parent | (28,24,072.40) | ||
| Non controlling interest | 0.00 | ||
| Total equity | (28,24,072.40) | ||
| 2 | Liabilities | ||
| Non-current liabilities | |||
| Non-current financial liabilities | |||
| Borrowings, non-current | 0.00 | ||
| Trade payables, non-current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | ||
| Total Trade payable | 0.00 | ||
| Other non-current financial liabilities | |||
| 1 | Employee benefit obligations | 96.50 | |
| Total of other non-current financial liabilities | 96.50 | ||
| Total non-current financial liabilities | 96.50 | ||
| Provisions, non-current | 0.00 | ||
| Deferred tax liabilities (net) | 0.00 | ||
| Deferred government grants, Non-current | 0.00 | ||
| Other non-current liabilities | |||
| Total of other non-current liabilities | |||
| Total non-current liabilities | 96.50 | ||
| Current liabilities | |||
| Current financial liabilities | |||
| Borrowings, current | 17,08,412.10 | ||
| Trade payables, current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 26,049.70 | ||
| Total Trade payable | 26,049.70 | ||
| Other current financial liabilities | |||
| 1 | Other financial liabilities | 12,64,915.10 | |
| 2 | Employeee bebefit obligations | 131.20 | |
| Total of other current financial liabilities | 12,65,046.30 | ||
| Total current financial liabilities | 29,99,508.10 | ||
| Other current liabilities | 21.70 | ||
| 1 | Other current liabilities | 21.70 | |
| Total of other current liabilities | 21.70 | ||
| Provisions, current | 0.00 | ||
| Current tax liabilities (Net) | 0.00 | ||
| Deferred government grants, Current | 0.00 | ||
| Total current liabilities | 29,99,529.80 | ||
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 | |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 | |
| Total liabilities | 29,99,626.30 | ||
| Total equity and liabilites | 1,75,553.90 | ||
| Disclosure of notes on assets and liabilities | Textual Information(1) | ||
| Textual Information(1) | (a Company under Corporate Insolvency Resolution Process by NCLT Order dated 01.09.2025) Note to Statement of unaudited Consolidated Financial Results: 1. Pursuant to petition filed by Punjab National Bank (‘Financial Creditor’) before the National Company Law Tribunal (‘NCLT’) Chennai bench, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘the Code’) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 (‘the Rules’), the NCLT admitted the petition and vide its order dated 01st September 2025 initiated Corporate Insolvency Resolution Process (‘CIRP’) against Aban Offshore Limited (‘Corporate Debtor / the Parent Company’). The NCLT appointed, vide its order dated 10th October 2025 Mr. Shailesh Bhalchandran Desai as the Resolution Professional (‘RP’). Committee of Creditors(“COC”) at its first meeting held on 26th November 2025 in terms of section 22(3) (a) of the code resolved with the requisite voting appointed Mr Sailesh Bhalchandran Desai as the Resolution Professional. 2. The consolidated financial results for the quarter and year ended 31st March 2026 have been prepared by the Management of the Parent Company and were taken on record and signed by the Resolution Professional (‘RP’) while exercising the powers of Board of Directors of the Parent Company which has been conferred upon him in terms of the provisions of Section 23 of the Insolvency and Bankruptcy Code 2016. 3. The Parent Company has continued as a going concern. Since, under CIRP, the business operations of the Parent Company are managed under supervision of the RP (Resolution Professional) in accordance with objective of IBC 2016 to ensure that going concern is continued for maximising the value of the Parent Company. Hence the Financial results are prepared on going concern basis. 4. The consolidated financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 (IND AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting principles and policies to the extent applicable. 5. The Group operates in only one business segment i.e. Offshore Drilling. 6. Clause 52 (6) of LODR disclosure –The Parent Company hasn’t redeemed its non-convertible redeemable preference shares amounting to INR 2,810 million on due dates and paid no dividend. 7. The Statutory Auditors have issued disclaimer of opinion report for the consolidated financial results for the quarter and year ended 31 March 2026. 8. The Standalone Financial results are as under: 9. The Parent Company’s investments in non-cumulative redeemable preference shares of INR 94.34 Million as at 31st March 2026 are overdue. The parent company management is of the opinion that the amounts will be recovered. 10. Pursuant to the commencement of CIRP of the Parent Company under Insolvency and Bankruptcy Code, 2016, the Resolution Professional has begun to receive claims from the financial creditors, operational creditors, other creditors including claims of employees. The overall liabilities shall be determined during the CIRP and accounting impact if any shall be considered on completion of CIRP. 11. Based on the claims received by the RP from financial creditors, the Parent Company has not provided for interest on bank borrowings and dividend on cumulative redeemable preference shares for the period October 2025 to March 2026 since the liabilities are crystalized on CIRP commencement date 12. Based on the claims received by the RP from the financial creditors of the Foreign Subsidiaries, the Parent Company has not considered interest on such bank borrowings in the consolidated financial results for the period October 2026 to March 2026. As per the Provisions of IBC, the liability is crystalised on CIRP commencement date. 13. The Parent Company has accrued for interest income on inter corporate loan at a lower rate which was reset from 01st October 2025. 14. Since the Parent Company is under CIRP process the Parent Company Management has not considered provision of CSR amounting to INR 4.62 Million as required by sub-section 5 of Section 135 (Corporate Social Responsibility) of the Act. 15. The Parent Company has transferred the land (INR 123.45 Million) grouped under ‘Assets held for sale’ back to ‘Property Plant and Equipment’, since per IBC Code 2016, no proceedings can be initiated against the company during the moratorium period. 16. In an earlier year, the Axis Bank Limited an investee of the Parent Company’s Preference Shares, utilised the current account balance of the Parent Company without its consent against the preference dues of INR 180 Million. Considering the legal framework of the preference share issue made by the Parent Company, it reflected the preference share dues and amount utilised by axis bank as recoverable amount in its books. The Parent Company now setoff the liability and recoverable amount in its books. 17. The exceptional items in the Consolidated financial results include: - Statutory Impact of New Labour Codes: On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed the impact of the changes, consistent with the Labour Codes, draft rules, and FAQs. Considering the regulatory-driven, non-recurring nature of this impact, the Parent Company has presented such incremental impact as “Exceptional Items” in the consolidated financial results for the quarter and year ended 31st March, 2026. The Parent Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 18. The RP has signed the Consolidated financial results solely for the purpose of ensuring compliance by the Parent Company with applicable laws, and subject to the following disclaimers: a. The RP has signed the financials results in good faith and accordingly, no suit, prosecution or other legal proceedings shall lie against the RP in terms of Section 233 of the Code; b. No Statement, fact, information (whether current or historical) or opinion contained therein should be construed as representation or warranty, express or implied, of the RP; c. The RP, in review of the financial results and while signing the financial results, has relied upon the assistance provided by the erstwhile Management of the Parent Company. The consolidated financial results of the Company for the quarter and year ended 31st March 2026 have been taken on record by the RP solely on the basis of and on relying on the certifications, representations and statements of the directors and the erstwhile management of the parent company. For all such information and data, the RP has assumed that such information and data are in conformity with the Companies Act, 2013 and other applicable laws with respect to the preparation of the financial results and that they give a true and fair view of the position of the Parent Company as of the dates and period indicated therein. Accordingly, the RP is not making any representations regarding accuracy, veracity or completeness of the data or information in the financial results. For Aban Offshore Limited (in CIRP) Shailesh Bhalchandran Desai Narayan Venkat Ramanan Resolution Professional (Chief Financial Officer) IP Reg No: IBBI/IPA-001/IP-P00183/2017-18/10362 Place: Chennai Date: 14th August 2026 |
|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 1,05,726.70 | 2,30,983.40 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | (1,05,726.70) | (2,30,983.40) |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | (51,117.10) | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 57,193.70 | |||||
| Adjustments for decrease (increase) in inventories | (1,657.00) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (1,763.00) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | (13,510.90) | |||||
| Adjustments for decrease (increase) in other non-current assets | (4,552.20) | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 9,325.60 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | (83.60) | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 11,832.60 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 227.50 | |||||
| Adjustments for provisions, non-current | (112.40) | |||||
| Adjustments for other financial liabilities, current | 0.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | (2,870.60) | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 1,530.30 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | (4.90) | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 52,494.50 | |||||
| Net cash flows from (used in) operations | 1,377.40 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 1,244.00 | |||||
| Income taxes paid (refund) | (204.50) | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 2,825.90 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 11.00 | |||||
| Purchase of property, plant and equipment | 12,160.50 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) investing activities | (12,149.50) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 0.00 | |||||
| Repayments of borrowings | 6,178.40 | |||||
| Payments of lease liabilities | 0.00 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 1,437.70 | |||||
| Net cash flows from (used in) financing activities | (4,740.70) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (14,064.30) | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 1,660.10 | |||||
| Net increase (decrease) in cash and cash equivalents | (12,404.20) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 19,189.60 | |||||
| Cash and cash equivalents cash flow statement at end of period | 6,785.40 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Disclaimer of opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | M/S. FORD RHODES PARKS & CO.LLP | Yes | 30-09-2027 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 43,271.10 | 43,271.10 |
| 2 | Total Expenditure | 94,318.60 | 0.00 |
| 3 | Net Profit/(Loss) | (51,047.50) | 0.00 |
| 4 | Earnings Per Share | -90.63 | 0 |
| 5 | Total Assets | 1,55,553.90 | 0.00 |
| 6 | Total Liabilities | 29,99,626.30 | 0.00 |
| 7 | Net Worth | (28,24,072.40) | 0.00 |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Disclaimer of opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| Textual Information(1) | On 31 October 2025, the immediate and ultimate holding corporation, Aban Offshore Limited has made an announcement that pursuant to the order of the National Company Law Tribunal, Chennai Bench (“NCLT”) dated 1 September 2025, Corporate Insolvency Resolution Process (“CIRP”) has been initiated against Aban Offshore Limited under the provisions of the Insolvency and Bankruptcy Code, 2016 (the “Code”). The NCLT subsequently appointed an Interim Resolution Professional (“IRP”) on 10 October 2025 (order received on 14 October 2025) and a moratorium has been declared in accordance with the Code. Subsequent to 14 October 2025, the CIRP continued to progress with key procedural steps under the supervision of the Resolution Professional (“RP”) appointed on 26 November 2025. In compliance with the Code, Aban Offshore Limited has submitted the list of creditors as on 12 November 2025. On 21 January 2026, the Appellate Tribunal issued further procedural directions in relation to the Corporate Insolvency Resolution Process of Aban Offshore Limited, and the matter has been scheduled for further hearing. Bases for Disclaimer of Opinion • Going concern • .Incompleteness of bank confirmations • Investments in subsidiary corporations, Investment in associated companies and amounts due from subsidiary corporations • Existence, accuracy, recoverability of Value-Added Tax and withholding tax receivables • Existence, accuracy, completeness of Central Goods and Services tax payables • In the case of the Parent Company, the Statutory Auditors have given a qualified opinion on the matter of non-receipt of confirmation of bank account balances and term loans in their Report on the Stand-alone financial statements of ABAN OFFSHORE LIMITED for the year ended 31st March 2026, which is reproduced below: Basis for Disclaimer of Opinion -Non-receipt of confirmation of bank account balances including loan accounts as stated below: • Bank Balances including Deposits INR 592.98 million • Term Loans INR 4,148.03 million • Material Uncertainty relating to going concern. • Investments Overdue • Non provision of Interest on bank borrowings and dividend on cumulative redeemable preference shares • Non reinstatement of foreign currency bank borrowings • Accrual of Interest income at reduced rate on inter-corporate loan • Revenue support services accrued at cost instead of at agreed rate • No provision for Corporate Social Responsibility • Asset held for sale treated as Property Plant and Equipment |
|---|---|
| Textual Information(2) | Under Corporate Insolvency Resolution Process. |
| Textual Information(3) | Under Corporate Insolvency Resolution Process. |
| Textual Information(4) | Under Corporate Insolvency Resolution Process. |
| Textual Information(5) | Under Corporate Insolvency Resolution Process. |
| Name of CEO / Managing director | Reji Abraham |
|---|---|
| Name of CFO | Narayan Venkat Ramanan |
| Name of audit committee chairman | Company is under IBC |
| Name of statutory auditor | R SUBRAMANIAN |
| Name of other signatory, if any, with designation | Shailesh Desai, Resolution Professional |
| Place | Chennai |
| Date | 15-08-2026 |