September 30, 2019
Sub :: Intimation of Trading Window Closure
We wish to inform you that pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company’s code of conduct to regulate, monitor and report trading in Securities of the Company, the Trading Window for trading in the Securities of the Company will remain closed from October 1, 2019 till Forty eight hours after the declaration of Unaudited Financial Results of the Company for the quarter ended September 30,2019. Further the date of Board Meeting for consideration of the Unaudited Financial Results of the Company for the quarter ended September 30, 2019 will be intimated in due course.
September 9, 2019
Summary of the Proceedings of the 33rd Annual General Meeting
The 33rd Annual General Meeting (“AGM”) of the Members of Aban Offshore Limited (“ the Company”) was held on Monday, September 9, 2019 at 10.15 am at The Music Academy, Kasturi Srinivasan Hall(Mini Hall), New No.168 T.T.K. Road, Royepettah, Chennai 600 014.
As the necessary quorum was available the meeting was called to order.
The following resolutions were set out in the Notice convening the AGM.
|Resolution No||Details of the Resolution||Resolution Required|
|1||Adoption of Audited Financial Statement for the year ended 31st March 2019 together with the reports of the Board of Directors and Auditors thereon||Ordinary|
|2||Re-appointment of Mr P Venkateswaran (DIN :00379595) as Director liable to retire by rotation||Ordinary|
|3||Re-appointment of Mr P Murari (DIN :00020437) as Independent Director for a Second Term||Special|
|4||Re-appointment of Mr K Bharathan (DIN :00210433) as Independent Director for a Second Term||Special|
|5||Re-appointment of Mr Ashok Kumar Rout(DIN :00002605) as Independent Director for a Second Term||Special|
|6||Re-appointment of Mrs. Subhashini Chandran (DIN :00075592) as Independent Director for a Second Term||Special|
|7||Consent for issue of Foreign Currency Convertible Bonds(FCCBs)/Depository Receipts (GDRs/American Depository Receipts ADRs) /Warrants and / or other instruments convertible in equity shares||Special|
|8||Consent for issue of Securities to Qualified Institutional Buyers||Special|
As the Auditors’ Report contains Qualification, the same was read by the Company Secretary.
Chairman informed the Members that the facility of remote e-voting for the Members was made available from September 6, 2019 till September 8,2019. The Chairman requested the Members who were present at the AGM and had not cast their votes by remote e-voting could cast their votes at the Meeting.
The Chairman then invited the Members to give suggestions and seek enquires on the operations and financial performance of the Company and related matters. At the request of the Chairman, Managing Director responded to all the queries raised by the Members.
Thereafter Chairman declared the Meeting as closed.
September 4, 2019
Aban Offshore Ltd has received notice from Hon’ble NCLT Chennai for a hearing on 19 th September, 2019 in respect of an Application filed by one of the financial creditors under Section 7 of Insolvency & Bankruptcy Code for a default of Rs. 155.30 Crores
August 1, 2019
This is to inform that a Meeting of Board of Directors of the Company will be held on Monday, the 12th August 2019 to transact the following items.
· To consider and take on record the Unaudited Quarterly Standalone Financial Results of the Company for the period ended 30th June, 2019.
· To consider and take on record the Unaudited Quarterly Consolidated Financial Results of the Company for the period ended 30th June, 2019.
· To amend the date of Annual General Meeting (AGM) for holding Thirty Third Annual General Meeting of the Members of the Company and date of Book Closure.