Financial Results for the Quarter Ended December 2025.
Awaiting price reaction for this filing.
Aban Offshore Limited, currently under Corporate Insolvency Resolution Process (CIRP) since September 1, 2025 following a petition by Punjab National Bank, reported its Q3 FY26 results signed by Resolution Professional Shailesh Desai. Consolidated total income fell sharply to INR 997.38 million for the quarter and INR 3,236.01 million for nine months, compared with INR 1,263.64 million and INR 5,471.08 million in the prior year periods — a roughly 41% decline over nine months. The company posted a nine-month consolidated net loss of INR 5,306.98 million, though the quarter itself showed a positive INR 295.57 million figure driven by other comprehensive income. Net worth is fully eroded, term loan defaults continue, preference shares worth INR 2,810 million remain unredeemed, and bank balance confirmations for INR 130.92 million in deposits and INR 4,197.92 million in borrowings were not received.
The auditor issued a full disclaimer of conclusion on both standalone and consolidated results due to multiple unresolved issues, and explicitly flagged material uncertainty over the going concern assumption. Shareholders face significant risk: the equity is essentially worthless, CIRP outcomes will determine any recovery, and trading in the stock is highly speculative with potential for sharp moves tied to resolution plan developments.