Quarter 4

March 31,2021

We wish to inform you that the trading window for dealing in securities of the Company shall remain closed till 48 hours after the declaration of financial results for the Quarter and Financial year ended March 31, 2021 as per the Code of Conduct for Regulating, Monitoring, Preventing and Reporting of Trading in Securities by Designated Persons and immediate relatives of Designated Persons of the Company under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 as amended in December 2018.



March 29, 2021

Proceedings of the Extra Ordinary General Meeting of the Company

This is to inform you that Extra Ordinary General Meeting (EGM) of the Company was held on 29 th March, 2021 at 10.15 A.M. through Video Conferencing/Other Audio Visual means.

Please click here to view the summary of Proceedings of the EGM, as required under Regulations 30, Part A of Schedule III of SEBI LODR Regulations (Annexure A).



March 6,2021

This is to inform you that an Extra Ordinary General Meeting of the Company is scheduled to be held on Monday, the 29th March 2021 at 10.15 am through Video Conferencing (VC) / Other Audio Visual Means (OAVM). A soft copy of the Notice of the EGM is enclosed.

Soft copy of the EGM Notice – Please click here



March 5, 2021

At the meeting held today, the Board has approved the proposed sale of rigs namely Aban V, Aban VI, Drillship Aban Ice and Floating Production Unit (FPU) Tahara owned by the Company and Aban VII, Deep Driller 3 and Drillship Aban Abraham owned by its subsidiary / stepdown subsidiaries to the prospective buyer(s) as may be decided in due course subject to the execution of definitive documents in relation to sale of such rigs.

The said proposal is subject to necessary approval of the Shareholders and other relevant authorities as may be required under applicable laws. The approval of the shareholder is being sought through an Extra Ordinary General Meeting to be held on 29th March 2021.

This is an enabling resolution.



March 4,2021

We wish to inform you that the trading window for dealing in securities of the Company shall remain closed with immediate effect and shall re-open on 8th March 2021. as per the Code of Conduct for Regulating, Monitoring, Preventing and Reporting of Trading in Securities by Designated Persons and immediate relatives of Designated Persons of the Company under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 as amended in December 2018.



March 1,2021

The Company has received the following ratings from CARE.

· Long Term Instruments – CRPS – CARE D (RPS) [Single D [Redeemable Preference Shares]. The earlier rating was CARE D (RPS) [Single D [Redeemable Preference].


January 27, 2021

This is to inform that a Meeting of Board of Directors of the Company will be held on Monday, the 8th February 2021 to transact the following items.

· To consider and take on record the Unaudited Quarterly Standalone Financial Results of the Company for the period ended 31st December, 2020.

· To consider and take on record the Unaudited Quarterly Consolidated Financial Results of the Company for the period ended 31st December, 2020.