Aban Offshore Ltd Independent Director Krishnamurthy Vijayan Resigns
Aban Offshore Ltd has announced the resignation of Mr. Krishnamurthy Vijayan from his role as an Independent Director, effective July 22, 2026. The company also noted that it is undergoing Corporate Restructuring (CRF) under the provisions of the Insolvency and Bankruptcy Code (IBC), following approval by the National Company Law Tribunal (NCLT).Mr. Vijayan tendered his resignation citing personal reasons and other professional commitments.
The details regarding Mr. Vijayan's tenure and associated directorships are summarized below:
| Particulars | Details |
|---|---|
| Name of the Director | Krishnamurthy Vijayan |
| Reason for Change | Resignation |
| Cessation Date | 22.07.2026 |
| External Directorship | Neueon Corporation Limited (Member of Audit Committee) |
The resignation was accepted by the company, and Mr. Vijayan confirmed that there were no other material reasons for his departure besides those stated.
This change in the board composition relates to Aban Offshore Ltd, which is noted as undergoing CIRP under NCLT approval granted in September 2025.
ABAN Stock Price Movement
As of 12:18 PM, Aban Offshore Limited shares are edging higher to ₹14.99 in live trading, gaining 0.13% as they continue their upward trend. The stock has seen a trading volume of 14,056 shares so far into the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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