Default
Awaiting price reaction for this filing.
Aban Offshore Limited has disclosed to the stock exchanges that its entire outstanding loan amount of ₹659.86 crore from banks and financial institutions is in default as on March 31, 2025. In addition, the full outstanding amount of ₹44.02 crore on unlisted debt securities (NCDs and NCRPS) is also in default. The company's total financial indebtedness stands at ₹703.88 crore, meaning virtually 100% of its debt obligations are currently being missed. This filing was made under a SEBI circular that mandates listed companies to disclose any defaults on interest or principal payments.
This is a major red flag indicating severe financial distress. Shareholders should expect significant stock price pressure, likely credit rating downgrades, and possible recovery or insolvency proceedings. The company appears to be unable to service any of its debt obligations.