Integrated Filing financials for the quarter ended 31st December 2025.
Awaiting price reaction for this filing.
Aban Offshore reported its unaudited results for Q3 FY26, filed by the Resolution Professional after the NCLT admitted Punjab National Bank's insolvency petition and initiated CIRP on 1 September 2025. The auditors (Ford Rhodes Parks & Co. LLP) issued a Disclaimer of Conclusion on both standalone and consolidated results, citing non-receipt of bank balance confirmations, overdue investments, pending creditor claims, and material uncertainty over going concern. On a consolidated basis, Q3 total income fell to INR 953.38 million from INR 1,203.64 million a year ago, and the company reported a net loss of INR 5,306.98 million for the nine months ended December 2025. Standalone results showed a profit before tax of INR 236.67 million for the quarter, while finance costs for the nine months stood at INR 571.94 million. The company has not redeemed INR 2,810 million of preference shares and has defaulted on term loan repayments.
This is a high-risk situation for shareholders — the company is in active insolvency proceedings, net worth is eroded, and auditors could not verify key balances or confirm going concern status. Equity holders face significant dilution or wipeout risk depending on the resolution plan approved by the Committee of Creditors, and the stock remains highly speculative.