Aban

Quarter 4

Quarter 4

Year :

2022-2023

Quarter 4 – 2022-2023

31-03-2023:

  • Intimation of Trading Window Closure
    • We wish to inform you that the trading window for dealing in securities of the Company shall remain closed from 01.04.2023 till 48 hours after the declaration of financial results for the Yearly/Quarter ended March 31,2023 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

28-02-2023:

  • Sale of Drillship Aban ICE
    • Please refer to our announcement dated 25 th January 2023 regarding the sale of Drillship Aban ICE owned by the Company
    • We wish to inform you that the transaction has been completed today

24-02-2023:

  • Revision in Credit Ratings
    • The Company has received the following ratings from CARE
      • Long Term Bank Facilities – CARE D (Single D)
      • Long Term Instruments – CRPS – CARE D [Single D]
    • The earlier ratings have been reaffirmed

23-01-2023:

  • This is to inform that a Meeting of Board of Directors of the Company will be held on Friday, the 3rd February, 2023 to transact the following items
    • To consider and take on record the Unaudited Quarterly Standalone Financial Results of the Company for the period ended 31 st December 2022
    • To consider and take on record the Unaudited Quarterly Consolidated Financial Results of the Company for the period ended 31 st December 2022

25-01-2023:

  • Sale of Drillship Aban ICE
    • Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015,please be informed that the Board at their meeting held on 24 November,2022 had approved the sale of Drillship Aban Ice owned by the Company. The Sale and Purchase Agreement between the parties was entered into on 24 th January, 2023. The details are as under:

S.No.ParticularsDetails
a)The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial yearNil as the Drillship was stacked.
b)Date on which the agreement for sale has been entered into24th January, 2023
c)The expected date of completion of sale/disposal28th February 2023
d)Consideration receivable from such sale/disposalUSD 4,665,527
e)Brief details of buyers and whether any of the buyers belong to the promoter/promoter group companiesLast Voyage DMCC, Dubai, United Arab Emirates Does not belong to promoter /promoter group
f)Whether the transaction would fall within related party transactionsNo
g)Whether the sale is in the nature of Slump saleNo