5232042025-07-012025-09-305232042025-09-305232042025-03-315232042025-04-012025-09-305232042025-07-012025-09-30in-capmkt:OtherExpenses1Member5232042025-04-012025-09-30in-capmkt:OtherExpenses1Member5232042025-07-012025-09-30RelatedPartyTransactionDomain15232042025-06-30RelatedPartyTransactionDomain15232042025-09-30RelatedPartyTransactionDomain15232042025-07-012025-09-30AuditorDomain15232042025-07-012025-09-30in-capmkt:AuditedMember5232042025-09-30in-capmkt:AuditedMember5232042025-07-012025-09-30in-capmkt:AdjustedMember5232042025-09-30in-capmkt:AdjustedMember5232042025-07-012025-09-30AuditQualification1iso4217:INRiso4217:INRxbrli:shares523204ABANNAINE421A01028ABAN OFFSHORE LIMITEDMain BoardEquity2025-04-012026-03-312025-11-102025-10-31INRMillionsQuarterlySecond quarterSingle segmentDRILLING SERVICES2025-11-1014:30:002025-11-1016:00:00trueCash Flow IndirectStatement on impact of audit qualificationtruetrueNoNofalsetrue2024-09-12https://abanoffshore.com/wp-content/uploads/2023/09/Related-Party-Transactions-Policy.pdffalsetrue2025-07-012025-09-30UnauditedStandalone31027000033540000343810000243000000288600001649800001400000229690000427360000-835500000-83550000015820000158200000-993700000000-993700000-993700001167300002-1.07-1.0700-1.07-1.07a Company under Corporate Insolvency Resolution Process by NCLT Order dated 01092025 <BR> Standalone <BR> Notes <BR> 1Pursuant 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 Company. The NCLT appointed vide its order dated 10th October 2025 MrShailesh Bhalchandran Desai as the Interim Resolution Professional IRP. <BR> 2.The unaudited standalone financial results were taken on record on 10th November 2025. The IRP took on record the unaudited standalone financial results on the basis of recommendation from the directors. <BR> 3.Considering that the IRP taken over the management and control of the Company with the objective of running it as going concern the financial results continue to be prepared on going concern basis. <BR> 4.The unaudited standalone 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. <BR> 5.The Company operates in only one business segment Offshore Drilling. <BR> 6Clause 52 6 of LODR disclosure The Company hasnt redeemed its nonconvertible redeemable preference shares amounting to INR 2810 million on due dates and paid no dividend. <BR> 7The unaudited standalone financial results have been subjected to limited review by the statutory auditors of the Company. <BR> 8The IRP has signed the unaudited standalone financial results solely for the purpose of ensuring compliance by the Company with applicable laws and subject to the following disclaimers <BR> a.The IRP has signed the financials results in good faith and accordingly no suit prosecution or other legal proceedings shall lie against the IRP in terms of Section 233 of the Code <BR> 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 IRP <BR> c.The IRP in review of the financial results and while signing the financial results has relied upon the assistance provided by the Directors and Management of the <BR> d.Company. The unaudited standalone financial results of the Company for the quarter and six months ended 30th September 2025 have been taken on record by the IRP solely on the basis of and on relying on the certifications representations and statements of the directors and the erstwhile management of the company. For all such information and data the IRP 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 Company as of the dates and period indicated therein. Accordingly the IRP is not making any representations regarding accuracy veracity or completeness of the data or information in the financial results. <BR> 2025-04-012025-09-30UnauditedStandalone55879000066750000625540000317000000582700003267200002770000262210000653140000-276000000-27600000031580000315800000-591800000000-591800000-591800001167300002-1.01-1.0100-1.01-1.01Other Expenditure229690000Other Expenditure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anaging DirectorAny other transactionRENT3360000Approved33600002024-04-01336000005600003360000UnauditedQualified opinionFORD RHODES PARKS CO LLPtrue2027-09-30343810000343810000427360000427360000-99370000-99370000-1.7-1.7567249000056724900001567524000015675240000-10002750000-10002750000Based on our review conducted as stated in paragraph 3 above nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended the Listing Regulations including the manner in which it is to be disclosed or that it contains any material misstatement except for the possible effects of the matter described in the paragraph below <br></br> NonReceipt of Bank Balance Confirmations <br></br> Though the Company authorized its bankers to send balance confirmation to us directly we did not receive any direct confirmations. The company is unable to obtain and provide bank balance confirmations for the Companys bank balances including deposits of INR 147.21 million and the Companys outstanding bank borrowings from 2 banks term loans amounting to INR 4148.03 million as of 30th September 2025. In our opinion there are no other practicable audit procedures available to us to verify these bank balances and transactions. In view of the nonconfirmation of bank current deposit and loan account balances and nonavailability of bank statements of bank loan accounts we are not in a position to ascertain and comment on the correctness of the abovementioned balances and the resultant impact of the same on the unaudited standalone financial statements of the Company. <br></br> Qualified opinionRepetitiveNot Quantified by auditorsCannot be quantifiedSince the banks have not issued confirmation of bank balances, deposits and term loans, the impact cannot be quantified. However the management has considered appropriate accruals/provisions of interest on deposits and outstanding term loans and preference shares based on rates as per original term loan agreementsBased on our review conducted as stated in paragraph 3 above nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended the Listing Regulations including the manner in which it is to be disclosed or that it contains any material misstatement except for the possible effects of the matter described in the paragraph below <br></br> NonReceipt of Bank Balance Confirmations <br></br> Though the Company authorized its bankers to send balance confirmation to us directly we did not receive any direct confirmations. The company is unable to obtain and provide bank balance confirmations for the Companys bank balances including deposits of INR 147.21 million and the Companys outstanding bank borrowings from 2 banks term loans amounting to INR 4148.03 million as of 30th September 2025. In our opinion there are no other practicable audit procedures available to us to verify these bank balances and transactions. In view of the nonconfirmation of bank current deposit and loan account balances and nonavailability of bank statements of bank loan accounts we are not in a position to ascertain and comment on the correctness of the abovementioned balances and the resultant impact of the same on the unaudited standalone financial statements of the Company. <br></br> <br></br> Reji AbrahamNarayan Venkat RamananCompany is under IBCR SUBRAMANIANShailesh Desai IRPChennai2025-11-106890900006890900004543000045430000734520000