BSEGeneral4d ago · 16 Oct 2026, 11:37 am
Disclosure pursuant to Regulation 57 of SEBI (LODR) Regulations, 2015.
Aban Offshore Ltd · 523204
✦ AI Summary▼ NegativeDebt Restruc.
Aban Offshore Ltd disclosed that outstanding non-convertible redeemable preference shares worth Rs.281 crores, issued in 2014, have not been redeemed and are under suspension. The company also mentioned that Axis Bank, an investee of the company, utilized the current account balance of the company without its consent against the preference dues of Rs.18 crores.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk8/10
Liquidity Impact4/10
Market Sentiment3/10
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Aban Offshore Ltd - 523204 - Compliance-57 (5) : intimation after the end of quarter
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October 15, 2026
BSE Ltd
Phiroze Jeejeebhoy Towers
21st Floor,
Dalal Street
Mumbai 400 001.
Scrip Code :: 523204
Through :: BSE Listing Centre
Dear Sir/Madam,
Sub: Disclosure pursuant to Regulation 57 of SEBI (LODR) Regulations, 2015.
The outstanding Non-Convertible Redeemable Preference shares amounting to Rs.281 crores (of
which Rs.20 crores is unlisted) have not been redeemed since 2014 and are under suspension.
Note : In an earlier year, the Axis Bank Limited an investee of the Company’s Preference Shares,
utilised the current account balance of the Company without its consent against the preference dues
of INR 18 Crores. Considering the legal framework of the preference share issue made by the Company
reflected the preference share dues and amount utilised by axis bank as recoverable amount in its
books. The Company set-off the liability and recoverable amount in its books as on 31st March 2026.
Kindly take the information on record.
Yours Faithfully,
For Aban Offshore Limited (Undergoing CIRP)
Shailesh Desai
Resolution Professional
IBBI Registration No. IBBI/IPA-001/IP-P00183/2017-18/10362