Subsidiary4 Nov 2026, 10:00 pm
Abans Enterprises approves voluntary liquidation of subsidiary
AI Summary
Abans Enterprises Ltd announced that its Board of Directors has approved the voluntary liquidation of its wholly-owned material subsidiary, Abans Gems & Jewels Trading FZC (AGJT). This decision is subject to shareholder approval. AGJT contributed ₹12,275.77 Lakhs (₹122.76 Crore) in turnover during FY26, representing 0.89% of the company's consolidated turnover. Its net worth as of March 31, 2026, was ₹4925.22 Lakhs (₹49.25 Crore), accounting for 22.76% of the consolidated net worth. The liquidation process is expected to be completed within one year. The transaction is considered a related party transaction and will be conducted at arm's length.
Key Highlights
- Board approves voluntary liquidation of subsidiary Abans Gems & Jewels Trading FZC.
- Subsidiary contributed 0.89% of consolidated turnover in FY26.
- Subsidiary's net worth was 22.76% of consolidated net worth as of March 31, 2026.
- Liquidation expected to complete within one year, subject to approvals.
- Transaction is a related party transaction at arm's length.
Price Impact
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