Abans Enterprises Ltd

Abans Enterprises Ltd has announced the closure of its trading window for designated persons and their immediate relatives, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be closed from July 1, 2026, until 48 hours after the declaration of the company's un-audited financial results for the quarter ended June 30, 2026. This measure is standard practice to prevent potential insider trading during periods when sensitive financial information is being prepared and finalized. The company has also made this information available on its website.

Abans Enterprises Ltd. is launching the second phase of the 'Saksham Niveshak' campaign, a 100-day initiative from April 1 to July 9, 2026. Directed by the Investor's Education and Protection Fund Authority (IEPFA), the campaign aims to engage shareholders, encourage KYC updates, and facilitate the claiming of unpaid or unclaimed dividends before they are transferred to the IEPF. Shareholders are urged to update their details with the company or its Registrar & Transfer Agent, Purva Sharegistry Pvt Ltd, to ensure timely credit of dividends and to avoid the transfer of funds to the IEPF.

Abans Enterprises Ltd's board meeting on May 12, 2026, approved the appointment of Ankit Joshi as an Additional (Whole-Time) Director for three years, in addition to his role as CFO. The board also re-appointed M/s. PSSV & Associates LLP as Internal Auditors for FY 2026-27 and revised the code for fair disclosure of unpublished price-sensitive information. Additionally, the registered office was changed within Mumbai to 13A/B/C, 1st Floor, Mittal Chambers, Barrister Rajni Patel Marg, Nariman Point, Mumbai – 400021.

Abans Enterprises Ltd. has appointed Mr. Ankit Joshi as an Additional (Whole-Time) Director effective May 12, 2026, for a term of three years, in addition to his role as the Chief Financial Officer. The board also approved the re-appointment of M/s. PSSV & Associates LLP as the Internal Auditors for the financial year 2026-27 and revised the “Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information”. Additionally, the company has changed its registered office address within Mumbai.

Abans Enterprises Ltd. has appointed Mr. Ankit Joshi as an Additional (Whole-Time) Director, effective May 12, 2026, for a three-year term, while he continues as CFO. The company also appointed M/s PSSV & Associates LLP as internal auditors for FY 2026-27. Additionally, the company revised its “Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information” and changed its registered office within Mumbai.

Abans Enterprises Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, following the recommendation of the Audit Committee. The results, compliant with Indian Accounting Standards (Ind-AS), include the Statement of Assets and Liabilities and Cash Flow Statement. M/s. CLASS & CO LLP, Chartered Accountants, issued an Audit Report with an unmodified opinion on the financial results. The board meeting commenced at 17:00 IST and concluded at 18:00 IST. The company has also withdrawn the Scheme of Amalgamation for the proposed merger of Abans Jewels Limited.

Abans Enterprises Ltd has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results in a meeting held on May 12, 2026, following the recommendation of the Audit Committee. The results comply with Indian Accounting Standards (Ind-AS) and include the Statement of Assets and Liabilities and Cash Flow Statement. CLASS & CO LLP issued an unmodified audit opinion on the financial results.

Abans Enterprises Ltd has scheduled a Board of Directors meeting on May 12, 2026, to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The company will seek shareholder approval for these financial statements at the upcoming 40th Annual General Meeting. The trading window for designated persons remains closed until May 14, 2026.

Abans Enterprises Ltd responded to a letter from BSE dated April 29, 2026, seeking clarification on the price and volume movement of its scrip. The company affirmed that it has made all necessary disclosures as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, within the stipulated timelines. Abans Enterprises stated that no material information or event that could impact the scrip's price/volume behavior has been withheld. The company concluded that the movement in its share price is purely due to prevailing market conditions and is entirely market-driven.

Abans Enterprises Ltd has officially withdrawn its Scheme of Amalgamation with its wholly-owned subsidiary, Abans Jewels Limited. The company had previously informed about the Audit Committee and Board of Directors' approval for this withdrawal on February 5, 2026. The National Company Law Tribunal (NCLT), Mumbai Bench, has now disposed of the application for the scheme as withdrawn, following the companies' resolution to withdraw the petition. This concludes the process of discontinuing the proposed merger under Sections 230 to 232 of the Companies Act, 2013.