31.10.2025
Subject:- Prior Intimation of Interim Resolution Professional (IRP) (in lieu of suspended Board of Directors) Under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/ Madam,
This is with reference to the Corporate Insolvency Resolution Process (“CIRP”) Aban Offshore Limited (CIN: L01119TN1986PLC013473 ) having its registered office at Janpriya Crest, 113, Pantheon Road, Egmore, Chennai–600 008, (hereinafter referred as “Corporate Debtor”) under the Insolvency and Bankruptcy Code, 2016 (“Code”) commenced pursuant to order no. CP(IB)/203/CHE/2024 dated September 01, 2025 passed by the Hon’ble National Company Law Tribunal, Chennai Bench (“Admission Order”).
In terms of the Admission Order, the undersigned has been appointed as the Interim Resolution Professional (“IRP”) of the Company vide order dated 10-10-2025 of NCLT (National Company Law Tribunal), Chennai (date of receipt of order by IRP is 14-10-2025) under the Insolvency and Bankruptcy Code, 2016 and Moratorium has been declared.
Pursuant to the Admission Order and in consonance with the provisions of regulation 15(2A) of the SEBI (LODR) Regulations, 2015, the provisions of Regulation 17 of the SEBI (LODR) Regulations, 2015 (“Board of Directors”) shall not be applicable during the insolvency resolution process period in respect of a listed entity which is undergoing corporate insolvency resolution process under the Code. Further, the roles and responsibilities of the board of directors as specified under Regulation 17 shall be fulfilled by the IRP or RP in accordance with sections 17 and 23 of the Code.
Additionally, Regulation 15 (2B) of the SEBI (LODR) Regulations, 2015 states that the provisions as specified in regulations 18 (“Audit Committee”),19 (“Nomination and remuneration committee”), 20 (“Stakeholders Relationship Committee”) and 21 (“Risk Management Committee”) shall not be applicable during the insolvency resolution process under the Code and the roles and responsibilities of the committees specified in the respective regulations shall be fulfilled by the IRP or RP.
In terms of Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Interim Resolution Professional (in lieu of suspended Board of Directors) shall consider and approve the Un-Audited Financial Results on standalone and consolidated basis for the quarter ended on September 30, 2025, on Monday, November 10, 2025
You are requested to kindly take the above information on record.
27.10.2025
Sub : Certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Please find enclosed a certificate issued by Registrar and Share Transfer Agent of Aban Offshore Ltd, M/s. Cameo Corporate Services Limited confirming the compliance of regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations,2018 for the quarter ended September 2025.
07.10.2025
Sub: Disclosure pursuant to Regulation 57 of SEBI (LODR) Regulations, 2015.
The outstanding Non-Convertible Redeemable Preference shares amounting to Rs.281 crores (of which Rs.20 crores is unlisted) have not been redeemed since 2014 and are under suspension.
