Aban Offshore Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve Intimation regarding audited ....
Awaiting price reaction for this filing.
The Resolution Professional of Aban Offshore Ltd has scheduled a meeting on May 28, 2026 to consider and approve the audited financial results for Q4 and full year ended March 31, 2026 on standalone and consolidated basis. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated September 1, 2025. This is a routine board meeting notice for financial approval. The filing is digitally signed by Shailesh Desai, the Resolution Professional appointed for the company.
The company being under CIRP indicates severe financial distress. Shareholders should expect the audited financials to reflect going concern doubts, and the stock remains highly speculative with trading likely suspended.