Financials Results for the Quarter ended June 2026

September 25, 2026 BSE Ltd National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor 21st Floor, Plot No :: C/1 G Block Dalal Street Bandra – Kurla Complex Mumbai 400 001. Bandra (E),Mumbai 400 051 Scrip Code :: 523204 Symbol :: ABAN Through :: BSE Listing Centre Through NEAPS Dear Sir, Ref: Outcome of Board Meeting Please find enclosed the Unaudited Standalone and Consolidated Financial Results for the period ended 30th June 2026 duly approved by the Resolution professional. The same is also available on the website of the Company at www.abanoffshore.com You are requested to kindly take the above information on record. Yours Faithfully, For Aban Offshore Limited (Undergoing CIRP) Shailesh Desai Resolution Professional Regd. No. IBBI/IPA-001/IP-P00183/2017-18/10362 Encl: a/a FORD RHODES PARKS & CO. LLP CHARTERED ACCOUNTANTS Shakthi To'wars L] Phone : 2851 4498 / 4778 9106 E1 & E2, Sixth Floor, e-mail : frpchennai@gmail.com 766._Anna Salai, Chennai - 600002. frpco@fordrhodesparks.com Tamilnadu, India website : www.fordrhodesparks.com INDEPENDENT AUDITOR’S LIMITED REVIEW REPORT ON THE STANDALONE UNAUDITED FINANCIAL RESULTS OF ABAN OFFSHORE LIMITED FOR THE QUARTER ENDED 30 JUNE 2026, PURSUANT TO REGULATIONS 33 AND 52 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENDED The Resolution Professional of Aban Offshore Limited (a company under CIRP pursuant to the NCLT order dated 1 September 2025) 113 Janpriya Crest, Pantheon Road, Egmore Chennai 600008 Tamil Nadu, India 1. The Honourable National Company Law Tribunal, Division Bench - Court I, Chennai ("NCLT"), admitted an insolvency and bankruptcy petition filed by a financial creditor against Aban Offshore Limited ("the Company") by its order dated 1 September 2025 and appointed an Interim Resolution Professional ("IRP"). The IRP was vested with the management of the affairs of the Company and the powers of its Board of Directors, with directions to take appropriate action under the Insolvency and Bankruptcy Code, 2016 and the related rules. At its first meeting held on 26 November 2025, the Committee of Creditors appointed the IRP as the Resolution Professional ("RP"). The management and operations of the Company are being conducted by the RP on a going-concern basis in accordance with the Code. 2. We were engaged to review the accompanying statement of unaudited standalone financial results of Aban Offshore Limited ("the Company") for the quarter ended 30 June 2026 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 3. The Statement is the responsibility of the Company’s management and has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting, prescribed under Section 133 of the Companies Act, 2013, as amended, read with the relevant rules issued thereunder and other accounting principles generally accepted in India. The Statement has been approved by the Resolution Professional on 25™ September 2026. Our responsibility is to express a conclusion on the Statement based on our review. Page 1 of 3 Ford, Rhodes, Parks & Co., a partnership firm with Registration No. BA 61078 converted into Ford Rhodes Parks & Co.LLP with LLP Registration No : AAE-4990 with effect from August 04. 2015 Also at : BENGALURU - HYDERABAD -KOLKATA « MUMBAI FORD RHODES PARKS & CO. LLP We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Because of the matters described in paragraph 5 below, however, we were unable to obtain sufficient appropriate evidence to provide a basis for a review conclusion. 5. Basis for Disclaimer of Conclusion Material uncertainty relating to going concern The Company has accumulated losses and its net worth has been eroded. Its current liabilities exceed its current assets, and the Company has defaulted in repayment of instalments and payment of interest on term loans. The NCLT has admitted the Company into the Corporate Insolvency Resolution Process and appointed the RP. These events and conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern. The appropriateness of the going-concern basis depends on improvement in cash flows from normal operations, timely monetization of assets and the outcome of the ongoing CIRP. Overdue investment As described in Note 6 to the Statement, the Company has an investment of INR 94.34 million in preference shares outstanding as at 30 Junc 2026 which is overdue. The management considers the amount recoverable. We were unable to obtain sufficient appropriate evidence to assess the recoverability of this investment and, accordingly, could not determine whether any impairment provision was required. Non-recognition of interest on bank borrowings and dividend on cumulative redeemable preference shares As described in Note 8 to the Statement, based on the claims received by the RP from financial creditors, the Company has not recognised interest on bank borrowings and dividend on cumulative redecmable preference shares for the period 01 April 2026 to 30 Junc 2026, on the basis that the liabilities crystallised on the CIRP commencement date. We were unable to determine the amount of the resulting understatement, if any, of finance costs, preference dividend and the related liabilities in the Statement. Page 2 of 3 FORD RHODES PARKS & CO. LLP Acerual of interest income at a reduced rate on inter-corporate loan As described in Note 9 to the Statement, the Company has recognised interest income on an inter-corporate loan at a rate lower than the contracted rate, following a reset effective from 1 October 2025. We were unable to obtain sufficient appropriate evidence supporting the revised rate and, accordingly. could not determine whether any adjustment was required to interest income and the related receivable. 6. Disclaimer of Conclusion Because of the significance and possible pervasive effects of the matters described in paragraph 5 above, we have not been able to obtain sufficient appropriate evidence to provide a basis for a conclusion on the accompanying Statement. Accordingly. we do not express a conclusion on the Statement as to whether it has been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder and other accounting principles generally accepted in India; whether it has disclosed the information required to be disclosed under the Listing Regulations, including the manner in which it is to be disclosed; or whether it contains any material misstatement. 7. Other Matter The standalone financial results of the Company for the quarter and year ended 31 March 2026 were audited by us, and our report dated 14 August 2026 contained a disclaimer of opinion. 8. Other Regulatory Matter Under Regulations 33 and 52 of the Listing Regulations, the u [Showing first 8,000 characters — download PDF for full document]