<h1>Aban Offshore Ltd Reports Non-Submission of Secretarial Compliance Report Due to CIRP Proceedings</h1>
Aban Offshore Limited has clarified the status regarding its Secretarial Compliance Report, stating that the non-submission is due to genuine difficulties stemming from its ongoing Corporate Insolvency Resolution Process (CIRP).
The company confirmed it has been undergoing CIRP since September 1, 2025, following an order issued by the Hon'ble NCLT Chennai. Subsequently, proceedings related to the CIRP were stayed by the Hon'ble NCLAT, Chennai in an order dated January 21, 2026.
As a direct consequence of the stay on the CIRP proceedings, Aban Offshore Limited was unable to convene the Annual General Meeting for the financial year 2024-25. This inability prevented the appointment of a Secretarial Auditor, leading directly to the non-submission of the required Secretarial Compliance Report.
The company stated that its non-submission of the Secretarial Audit Report is neither willful nor wanton, attributing the delay solely to the aforementioned operational difficulties linked to the stayed insolvency process. Aban Offshore Limited plans to submit the Secretarial Compliance Report after a Secretarial Auditor has been appointed and the Annual General Meeting has been duly convened.
ABAN Stock Price Movement
Shares of Aban Offshore Limited today slipped by 4.97%, settling at ₹13.18 in the post-market trading session. The stock, which saw a total traded volume of 192,097 shares, plummeted to its 52-week low at the close.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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