Integrated Filing- Financial

Aban Offshore Limited m mmu‘.*‘m August 14, 2026 i Hon'e NCLT e i 't Sepnber 2025 BSE Ltd National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, 5% th Floor « Plot No :: C/1 G Block 21% Floor, Dalal Street Bandra — Kurla Complex Bandra (E),Mumbai 400 051 Mumbai 400 001. Symbol :: ABAN Scrip Code :: 523204 Through :: NEAPS Through :: BSE Listing Centre Dear Sir/ Madam, Subject: Integrated Filing (Financial) for the year ended 31% March 2026. Please find enclosed the Audited Standalone and Consolidated Financial Results for the Year ended 31 March 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. Thanking You. 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 Regd. Office : Janpriya Crest, 113, Pantheon Road, Egmore, Chennai - 600 008. India . CIN: LO1119TN1986PLCO13473 Phone : (31) (44) 49060606 Fax : (91) (44) 28195527 ,AO 4A TADC e-mail : abanoffshore@aban.com website : www.abanoffshore.com FORD RHODES PARKS & CO. LLP CHARTERED ACCOUNTANTS Shakthi Towers lil 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 Report on Audited standalone quarterly financial results and year to date financial results of M/s Aban Offshore Limited, Chennai, India pursuant to Regulations 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, as amended. TO THE RESOLUTION PROFESSIONAL OF ABAN OFFSHORE LIMITED (a company under CIRP vide NCLT order dated 01° September 2025) Disclaimer of Opinion 1. We were engaged to audit the accompanying standalone financial results (“the Statement”) of Aban Offshore Limited (“the company”) for the quarter and year ended 31% March 2026, attached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing obligation and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). 2. 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 Holding Company”) vide its Order dated 01* September 2025 and appointed Interim Resolution Professional (“IRP”) who has been vested with the Management of the affairs and powers of the Board of Directors with the direction to initiate appropriate action contemplated with extant provisions of the Insolvency and Bankruptcy Code, 2016 and other related Rules. The Committee of Creditors (“COC”) at its first meeting held on 26" 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. 3. The Statement, which is the responsibility of the Company’s Management has been prepared by the Company and has been approved by the Resolution Professional (referred to as ‘management’). Page10of 6 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 4. We conducted our audit in accordance with the standards on Auditing (“SA”s) specified under Section 143(10) of the Companies Act, 2013 {“the Act”). Our responsibilities under those Standards are further described in ‘Auditor’s responsibilities for the Audit of the standalone financial results’ section of our report. We are independent of the company in accordance with the code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI") together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the rules thereunder, and we have fulfilled our ethical responsibilities in accordance with these requirements and the ICAl's code of ethics. 5. Basis for Disclaimer of Opinion Non-Receipt of Bank Balance Confirmations: The company is unable to obtain and provide bank balance confirmations for the Company’s bank balances including deposits of INR 592.98 million and the Company’s outstanding bank borrowings from 2 banks (term loans) amounting to INR 4,148.03 million as of 31" March 2026. In our opinion, there are no other practicable review procedures available to us to verify these bank balances and transactions. In view of the non-confirmation of bank current, deposit and loan account balances and non- availability of bank statements of bank loan accounts, we are not in a position to ascertain and comment on the correctness of the above-mentioned balances and the resultant impact of the same on the audited standalone financial statements of the Company. Material uncertainty relating to Going Concern: The Company has accumulated losses on account of which the net worth is eroded. Also, current liabilities exceeded current assets. The company has defaulted in respect of instalments and payment of interest on term loans. On petition filed by a financial creditor, the NCLT Chennai Bench admitted the Company into Corporate Insolvency Resolution Process (“CIRP”) and appointed an RP. These situations indicate that material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. (Refer Note 3 to the standalone financial results). The appropriateness of assumption of going concern is dependent upon improvement in cash flows from normal operations, timely monetization of assets, and ongoing CIRP processes. Page20f 6 FORD RHODES PARKS & CO. LLP Investments overdue: As mentioned in Note 8 of the standalone financial results, the company has investments of INR 94.34 Million in preference shares outstanding as at 31" March 2026 which are overdue. The management is of the opinion that the amounts will be recovered. Non provision of Interest on bank borrowings and dividend on cumulative redeemable preference shares: As mentioned in Note 11 of the standalone financial results, 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 period October 2025 to March 2026 since the liabilities are crystalized on CIRP commencement date. Non reinstatement of foreign currency bank borrowings: As mentioned in Note 12 of the standalone financial results, the Company has not reinstated the foreign currency bank borrowing as at 31°' March 2026 as the claims have been crystalized. Accrual of Interest income at reduced rate on inter-corporate loan: As mentioned in Note 14 of the standalone financial results, the Company has accrued for interest income on inter corporate loan at a lower rate which was reset from 01% October 2025. Revenue support services accrued at cost instead of at agreed rate: As mentioned in Note 15 of the standalone financial results, the Company has accrued the revenue from support services from its wholly owned foreign subsidiary at a rate lesser than the agreed rate from 01%' October 2025. No provision for Corporate Social Responsibility: As mentioned in Note 16 of the standalone financial results, since the Company is under CIRP process the Management has not considered provision of CSR amounting to INR 4.62 Million as required by sub-section 5 of Section 135 (Corporate Social Responsibility) of the Act. Asset held for sale treated as Property Plant and Equipment As mentioned in Note 17 of the standalone financial results, the Company has transferred the land {INR 123.45 M [Showing first 8,000 characters — download PDF for full document]