Quarter 2




September 27, 2018

A Letter of Award has been received for the deployment of jack-up rig “ ABAN VIII “ in Offshore, Malaysia by our Step down subsidiary for a period of one year with six extension options of three months each. The deployment is expected to commence during the last quarter of calendar year 2018

September 25, 2018

AGM 2018 - VOTING RESULTS

September 24, 2018

Regulation 30 – Summary of the Proceedings of the 32nd Annual General Meeting held on 24th September, 2018

The 32nd Annual General Meeting (AGM) of the Members of the Company was held today at 10.15 a.m. at “The Music Academy, Kasturi Srinivasan Hall ( Mini Hall), New No. 168, T.T.K.Road, Royapettah, Chennai- 600 014.

Mr. P.Murari, Chairman of the Company, occupied the Chair. He confirmed that the requisite quorum being present called the meeting to order.

Thereafter he invited comments and questions from the members.

Queries raised by the members were clarified/answered by the Managing Director to the satisfaction of the shareholders present at the meeting.

The Chairman informed the members that the following items of business were proposed:

The Chairman informed the members that as per the requirement of Companies Act, 2013, e-voting facility was provided to the members to cast their votes and also informed that those who have not cast their votes through e-voting were provided with the facility of casting their vote through ballot paper. Few members voted on ballot papers.

The chairman informed the members that the consolidated results of the e-voting and ballot voting would be

NoItem of BusinessNature of Business
1Adoption of Audited Financial Statement for the year ended 31st March 2018 together with the reports of the Board of Directors and Auditors thereonOrdinary
2Reappointment of Ms.Deepa Reji Abraham (DIN:00212451) as a Director liable to retire by rotationOrdinary
3To appoint M/s. P.Murali & Co., Chartered Accountants as Statutory AuditorsOrdinary
4Continuation of Mr.P.Murari as an Independent Director till the conclusion of his current termSpecial
5Consent 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
6Consent for issue of securities to Qualified Institutional Buyers.Special
announced within 48 hours of the conclusion of the meeting and also be intimated to the Stock Exchanges and posted on the website of the Company and National Securities Depository Limited.

The Chairman then thanked the members present and declared the meeting as closed. The meeting concluded at 11.00 A.M.

July 25, 2018

There will be an Analyst / Investors call on the financial results for the first quarter ended 30th June 2018, on Monday, 30th July 2018 at 04:30 pm (IST), please click here the details of the call.


July 19, 2018

This is to inform that a Meeting of Board of Directors of the Company will be held on Monday, the 30th July 2018 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, 2018.

· To consider and take on record the Unaudited Quarterly Consolidated Financial Results of the Company for the period ended 30th June, 2018.


July 12, 2018

A Letter of Award has been received by a wholly owned step-down subsidiary of the Company for the deployment of three jack-up rigs owned by step-down subsidiaries of the Company, in the United Arab Emirates. While two of the above said jack-up rig deployments are for a firm period of four years each, the deployment of the third jack-up rig is for a firm period of three years and an optional period of two years. Two of the jack-up rigs are expected to commence deployment during the last quarter of calendar year 2018 and the third jack-up rig is expected to commence deployment during the first quarter of calendar year 2019.


July 3, 2018

We wish to inform our step-down subsidiary Aban Singapore Pte Ltd has received a letter of award from Oil and Natural Gas Corporation Limited for deployment of jack-up rig Deep Driller 8 for a firm period of 2 years. The deployment is likely to commence during the fourth quarter of calendar year 2018.