5232042026-04-012026-06-305232042026-06-305232042026-04-012026-06-30in-capmkt:OtherExpenses1Memberiso4217:INRiso4217:INRxbrli:shares523204ABANNAINE421A01028ABAN OFFSHORE LTDMain BoardEquity2026-04-012027-03-312026-09-252026-09-25INRMillionsQuarterlyFirst quarterSingle segmentDRILLING SERVICES2026-09-2514:00:002026-09-2515:30:00Not applicablefalsetrue2026-04-012026-06-30UnauditedStandalone34654000038240000384780000670000002523000001360000138800004114000034364000003436400000133900001339000003302500000000330250000033025000011673000025.665.66005.665.66 <br /> <br /> <br /> (a Company under Corporate Insolvency Resolution Process by NCLT Order dated 01.09.2025) <br /> Standalone <br /> Notes: <br /> <br /> 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 Company’). The NCLT appointed, vide its order dated 10th October 2025 Mr. Shailesh Bhalchandran Desai as the Interim Resolution Professional (‘IRP’). The Committee of Creditors (“COC”) at its first meeting held on 26th November 2025 appointed the IRP as the Resolution Professional (“RP”). The management and operations of the Company are being managed by the RP, on a going concern basis as per the provisions of IBC. <br /> <br /> 2. The unaudited standalone financial results for the quarter ended 30th June 2026 have been prepared by the Management of the Company and were taken on record and signed by the Resolution Professional (‘RP’) while exercising the powers of Board of Directors of the Company which has been conferred upon him in terms of the provisions of Section 23 of the Insolvency and Bankruptcy Code 2016. <br /> <br /> 3. 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 /> <br /> 4. The Company operates in only one business segment i.e. Offshore Drilling. <br /> <br /> 5. Clause 52 (6) of LODR disclosure –The Company hasn’t redeemed its non-convertible redeemable preference shares amounting to INR 2,630 million on due dates and paid no dividend. <br /> 6. The Company’s investments in non-cumulative redeemable preference shares of INR 94.34 Million as at 30th June 2026 are overdue. The management is of the opinion that the amounts will be recovered. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 7. Pursuant to the commencement of CIRP of the 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. <br /> <br /> As per the last update on 24th December 2025, claims were submitted by the financial creditors, operational creditors, other creditors including claims of employees to the RP. The overall liabilities shall be determined during the CIRP and accounting impact if any shall be considered on completion of CIRP. <br /> 8. Based on the claims received by the RP from financial creditors, the Company has not provided for interest on bank borrowings and dividend on cumulative redeemable preference shares for the Quarter ended 30th June 2026 since the liabilities are crystalized on CIRP commencement date. <br /> <br /> 9. The Company has accrued for interest income on inter corporate loan at a lower rate which was reset from 01st October 2025 <br /> <br /> 10. Based on the claims received by the RP from the financial creditors, the Company has not reinstated the foreign currency bank borrowing as of 30th June 2026 as the claims have been crystalized in INR on CIRP commencement date. <br /> <br /> 11. Pursuant to the commencement of CIRP of the Company under Insolvency and Bankruptcy Code, 2016, certain information including the minutes of meetings of the Committee of Creditors ('CoC') held on various dates, and the outcome of certain procedures carried out as a part of the CIRP are confidential in nature and could not be shared with anyone other than the member of CoC members and Hon’ble NCLT. <br /> <br /> However, the stock exchanges have been informed about the convening of the meeting of the committee of creditors and the same was released by them as public announcement. <br /> <br /> 12. The RP 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 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 23 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 RP. <br /> 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 Company. The standalone financial results of the Company for the quarter ended 30th June 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 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 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. <br /> <br /> For Aban Offshore Limited (in CIRP) <br /> <br /> <br /> <br /> <br /> <br /> Shailesh Desai Narayan Venkat Ramanan <br /> Resolution Professional (Chief Financial Officer) <br /> IP Reg No: IBBI/IPA-001/IP-P00183/2017-18/10362 <br /> <br /> <br /> Place: Chennai <br /> Date: 25th September 2026 <br /> Other Expenses138800006940800006940800004615000046150000740230000