Annual Report for the Financial Year 2025-26 and Notice convening the 40th Annual general Meeting (AGM) of the Company.

Date: 22.10.2026 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/Madam, Sub: Annual Report for the Financial Year 2025-26 and Notice convening the 40th Annual general Meeting (AGM) of the Company. Pursuant to Regulation 34 of the SEBI (LODR) Regulations, 2015, we submit herewith the Annual Report of the Company for the Financial Year 2025-26 containing inter-alia Notice convening the 40th AGM of the Company scheduled to be held on Monday, the 16th day of November 2026 at 11.30 a.m (IST) or after the conclusion of the 39th AGM, either immediately or after an interval of 30 minutes through two-way Video Conferencing ('VC') facility / Other Audio Visual Means ('OAVM'). The Annual Report containing the AGM Notice is also uploaded on the Company’s website www.abanoffshore.com This is for your kind information and records. Yours Faithfully, For Aban Offshore Limited (Undergoing CIRP) Shailesh Desai Resolution Professional IBBI Registration No. IBBI/IPA-001/IP-P00183/2017-18/10362 Encl :a/a Annual Report 2025-26 aban Offshore Limited Forward-looking statement Contents In this Annual Report, we have disclosed forward-looking Corporate Information 03 information to enable investors Notice 04 to comprehend our prospects and take informed investment Organisational Framework 13 decisions. This report and other statements—written and oral— Management discussion and analysis 14 that we periodically make contain forward-looking statements that Director’s Report 15 set out anticipated results based on the management’s plans and Corporate Governance Report 28 assumptions. We have tried Financials 41 wherever possible to identify such statements by using words such as 10 Years Highlights 152 ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties, and even inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated, or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. Aban Offshore Limited (undergoing CIRP) CORPORATE INFORMATION BOARD OF DIRECTORS (Powers are suspended during CIRP) P. Venkateswaran - Chairman Reji Abraham - Managing Director Subhashini Chandran - Non-Executive Director Krishnamurthy Vijayan - Independent Director (up to 22.07.2026) Sumit Kumar Khanna - Independent Director (up to 15.09.2025) C.P. Gopalkrishnan - Non-Executive Director KEY MANAGERIAL PERSONNEL Narayan Venkat Ramanan - Chief Financial Officer S.N.Balaji - Deputy General Manager (Legal) & Secretary (up to 31.07.2026) D. Suresh - Senior Manager - Company Secretary (w.e.f. 01.08.2026) RESOLUTION PROFESSIONAL Shailesh Desai Regn. No.: IBBI/IPA-001/IP-P00183/2017-18/10362 REGISTERED OFFICE “Janpriya Crest” 113 Pantheon Road Egmore Chennai - 600 008. CIN : L01119TN1986PLC013473 Website : www.abanoffshore.com Email ID : secretarial@aban.com Phone : 044 - 49060606 Fax : 044-28195527 REGISTRAR AND SHARE TRANSFER AGENT Cameo Corporate Services Limited Unit: Aban Offshore Limited “Subramanian Building” No.1, Club House Road, Chennai - 600 002. Email ID : investor@cameoindia.com Phone : 044 - 28460390 Fax : 044 - 28460129 STATUTORY AUDITORS Ford Rhodes Parks & Co. LLP Chartered Accountants Sakthi Towers III, E1 & E2, Sixth Floor No. 766, Anna Salai Chennai- 600 002 Aban Offshore Limited Registered Office ‘Janpriya Crest’ 113, Pantheon Road, Egmore, Chennai 600 008. NOTICE TO MEMBERS The Hon’ble National Company Law Tribunal (“NCLT”), Chennai Bench, vide order dated 1st September 2025 (“Insolvency Commencement Order”) has initiated Corporate Insolvency Resolution Process (“CIRP”) based on an application filed by Punjab National Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“the Code”). Mr. Shailesh Desai, having IP Registration No. IBBI/IPA-001/IP-P00183/2017-18/10362, was appointed as Interim Resolution Professional (“IRP”) vide NCLT order dated 10th October 2025 to manage the affairs of the Company in accordance with the provisions of the Code. At the first meeting of the Committee of Creditors, Mr. Shailesh Desai was confirmed as Resolution Professional (“RP”/“Resolution Professional”) for the Company. Pursuant to the Insolvency Commencement Order and in line with the provisions of the Code, the powers of the Board of Directors were suspended and the same are to be exercised by the RP. Hence, this meeting is being convened by the Resolution Professional only to the limited extent of discharging the powers of the Board of Directors of the Company which are conferred upon him in terms of the provisions of Section 17 of the Code. Notice is hereby given that the Fortieth Annual General Meeting of the members of Aban Offshore Limited will be held on Monday, the 16th November, 2026 at 11.30 A.M. (IST) or after the conclusion of the 39th AGM, either immediately or after an interval of 30 minutes through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) to transact the following business: ORDINARY BUSINESS 1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March 2026 together with the Reports of the Board of Directors and Auditors thereon. 2. To appoint a Director in place of Mr. P. Venkateswaran (DIN: 00379595), who retires by rotation and, being eligible, offers himself for re-appointment. For Aban Offshore Limited (In CIRP) Sd/- Shailesh Desai Place : Mumbai Resolution Professional Date : 14th August, 2026 IP Reg. No: IBBI/IPA-001/IP-P00183/2017-18/10362 Aban Offshore Limited (undergoing CIRP) Notes on General Meetings (SS-2) issued by the ICSI and Regulation 44 of SEBI (Listing Obligations & Disclosure 1. Pursuant to General Circular No. 09/2024 dated Requirements) Regulations, 2015 (as amended), September 19, 2024 issued by the Ministry of and the Circulars issued by the Ministry of Corporate Corporate Affairs (MCA), circular no. SEBI/HO/CFD/ Affairs from time to time, the Company is providing the CFDPoD-2/P/CIR/2024/133 dated October 3, 2024 facility of remote e-Voting to its Members in respect issued by SEBI (“SEBI Circular”) and other applicable of the business to be transacted at the AGM. For this circulars and notifications issued (including any purpose, the Company has entered into an agreement statutory modifications or re-enactment thereof for with National Securities Depository Limited (NSDL) the time being in force and as amended from time to for facilitating voting through electronic means, as the time), companies are allowed to hold the AGM through authorised agency. The facility of casting votes by a Video Conferencing (VC) or Other Audio Visual member using the remote e-Voting system as well as Means (OAVM), without the physical presence of e-voting on the date of the AGM will be provided by members at a common venue. In compliance with the NSDL. provisions of the Companies Act, 2013 (“Act”), SEBI (Listing Obligations and Disclosure Requirements) 6. In line with the Ministry of Corporate Affairs (MCA) Regulations, 2015 (“SEBI Listing Regulations”) and the Circular No. 17/2020 dated April 13, 2020, the Notice MCA Circulars, the 40th AGM of the Company is being calling the AGM has been uploaded on the website held through VC/OAVM on [Showing first 8,000 characters — download PDF for full document]