default
Awaiting price reaction for this filing.
Aban Offshore has reported that the entire outstanding amount on its bank loans and unlisted debt securities is in default as of June 30, 2025. The company owes Rs 666.84 crore to banks and financial institutions in cash credit/revolving facilities, and the full amount is overdue. Additionally, Rs 44.72 crore in unlisted non-convertible debentures and preference shares is also fully in default. The company's total financial indebtedness stands at Rs 711.55 crore, meaning essentially 100% of its debt obligations are currently defaulted on. This filing has been made to the stock exchanges as required by SEBI rules on disclosure of loan defaults.
This is a major red flag for shareholders — the company has defaulted on its entire debt of over Rs 711 crore, signaling severe financial distress and potential solvency concerns. Such a level of default could trigger lenders' recovery actions, further rating downgrades, and likely significant negative pressure on the stock price.