Abans Enterprises Ltd

Intimation for PAN, KYC and Nomination updation

• Company dispatches intimations to physical-shareholders to update PAN, KYC, and Nomination.
• Updation complies with SEBI Master Circular dated February 6, 2026.
• Shareholders must provide PAN linked to Aadhaar and Nomination details.
• RTA Purva Sharegistry to receive and process updates.
• KYC forms ISR-1, ISR-2, ISR-3 and SH-13/SH-14 available online.
• Company website and RTA site host the forms.
• Sample intimation copy and updating guidelines provided.

Abans Enterprises Limited - Trading Window Closure from Oct 01, 2026 until 48 hours after the declaration of unaudited results for the quarter and half year ended Sep 30, 2026.

AGM Details

• 40th AGM held on Sep 9, 2026 at 3:00 PM IST via VC/OAVM.
• Concluded at 3:45 PM IST.
• Record date: 02-09-2026.

Resolutions & Outcomes

• Ordinary: adopt standalone financial statements; passed with 99.999% in favour.
• Ordinary: adopt consolidated financial statements; passed with 99.999% in favour.
• Ordinary: appoint director by rotation; Jinesh Savla re-appointed.

Directors / Governance

• Director re-appointment: Jinesh Savla; retires by rotation.

AGM Details

• 40th AGM held on September 9, 2026 at 3:00 PM IST via VC/OAVM.
• Shareholders on cut-off date September 2, 2026 were 4,156; attendance 44.
• Meeting chaired by Jinesh Savla, Whole Time Director & CEO.
• Remote e-voting conducted Sep 6–8; additional on-meeting voting allowed.
• Notice and annual report taken as read; auditors’ reports unmodified.

Key Resolutions

• Adoption of audited standalone financial statements for FY 2025-26.
• Adoption of audited consolidated financial statements for FY 2025-26.
• Re-appointment of Jinesh Savla as director by rotation.

Auditors & Governance

• Statutory auditors M/s Class & Co; unmodified opinion stated.
• Secretarial auditors' report contained no qualifications.

Financial performance

• Standalone revenue from operations rose to ₹18,843.74 Lakhs, up 77.52% YoY.
• Standalone PBT was a loss of ₹192.16 Lakhs; PAT loss ₹158.16 Lakhs.
• Consolidated total income surged 256.9% to ₹13,84,121.84 Lakhs; PAT ₹396.40 Lakhs.
• Consolidated EBITDA ₹23.73 Lakhs with 0.17% EBITDA margin.
• Standalone earnings per share: -₹0.23 basic and diluted.
• Board did not declare any dividend for FY2025-26.

Capital structure and liquidity

• Authorised share capital ₹15 Crore; paid-up ₹13.95 Crore across 69,748,880 shares.
• Cash & cash equivalents ₹1,839.19 Lakhs; bank balances ₹7,013.68 Lakhs.
• Total borrowings declined from ₹22,445.39 Lakhs to ₹13,582.72 Lakhs.
• Current ratio stood at 2.53x, up from 1.94x.
• Debt-Equity ratio improved to 0.72x from 1.22x.

Subsidiaries and business structure

• Material subsidiaries: Abans Jewels Limited (AJL) and Abans Gems & Jewels Trading FZC (AGJT).
• Splendid International Limited, Mauritius is a subsidiary; AGJT is a Dubai step-down subsidiary.
• AJL revenue ₹13,59,065.93 Lakhs; PBT ₹688.69 Lakhs.
• SIL revenue ₹1,412 Lakhs; PBT ₹1,363.61 Lakhs.
• AGJT revenue ₹12,281.07 Lakhs; LBT ₹1,019.05 Lakhs; losses narrowed.
• Group comprises 2 direct subsidiaries and 1 step-down subsidiary.

Dividends and capital allocation

• Dividend for FY2025-26 not declared.
• AEL ESOS 2025 approved; no grants yet in year.
• Promoter stake remains at 74.56% post-year end.
• No material equity issuances during year; stock split noted previously.

Governance and leadership changes

• Jinesh Savla appointed Whole-Time Director and CEO on 18 Oct 2025; postal ballot on 19 Dec 2025.
• Deepak Zope appointed as Additional Director (WTD) from 1 Mar 2026; regularised 27 Mar 2026.
• Kayomarz Sadri resigned as WTD & CEO on 17 Oct 2025.
• Sharda Chaturvedi resigned 27 Mar 2026; Mahiti Rath resigned 27 Mar 2026.
• Sahil Gurav appointed Company Secretary & Compliance Officer on 28 Mar 2026.
• Ankit Joshi appointed CFO on 1 Apr 2026; later added as Additional Director 12 May 2026.
• 40th AGM scheduled for 9 Sep 2026.

Risk management and outlook

• FY2025-26 volatility driven by Middle East conflict; risk policy updated May 12, 2026.
• GIFT City, IIBX TRQ regime deepens bullion procurement and hedging.
• US-India tariff framework relief improves export economics; outlook cautiously positive for FY2026-27.
• Strategy focuses on risk discipline, capital preservation, and selective growth.

Audit, controls and governance

• Statutory auditor: M/s CLASS & Co LLP; Secretarial auditor: M/s D. A. Kamat & Co.
• Internal auditors: M/s P. S. S. V. & Associates LLP; framework for two-way auditor governance adopted.
• Internal controls are robust; no material weaknesses reported.
• Corporate Governance disclosures aligned with SEBI LODR requirements.

Related party transactions

• RPT policy updated Nov 2025; all RPTs arm’s length and in the ordinary course.
• Material RPTs approved by shareholders; omnibus approvals for repetitive transactions.
• RPT disclosures and Form AOC-2 included in annual report.

Shareholding and statutory notices

• Promoter Abhishek Bansal holds 74.56% stake; no other promoter overlap.
• 40th AGM notice issued; e-voting and VC/OAVM facilities described.
• Stock exchange disclosures and CSR provisions disclosed; CSR not applicable.

AGM and annual report access

• 40th AGM scheduled for 9 September 2026 at 3:00 PM IST via VC/OAVM.
• Notice and FY2025-26 Annual Report emailed to members with registered email IDs.
• For unregistered emails, notice and annual report accessible via web-link and QR code.
• Web-link and QR code provided; copies also on NSDL and stock exchange websites.

AGM Details

• Fortieth AGM to be held on 09 Sep 2026, 03:00 PM IST via VC/OAVM.
• Voting cut-off date for members: 02 Sep 2026.

Resolutions Put to Vote

• Ordinary: Adoption of standalone financial statements.
• Ordinary: Adoption of consolidated financial statements.
• Ordinary: Re-appointment of Jinesh Savla by rotation.
• Special: Appoint Jinesh Savla as WTD/CEO for 3 years.
• Special: Appoint Deepak Zope as WTD for 3 years.
• Ordinary: Approval of material related party transactions with material subsidiaries.

Voting Results (selected)

• Jinesh Savla WTD/CEO appointment: Passed with 99.9998% in favour.
• Deepak Zope WTD appointment: Passed with 99.9998% in favour.
• Material RPTs with material subsidiaries: Passed.
• Adoption of Standalone/Consolidated financial statements: not disclosed in this filing.

Dividend

• Dividend for FY2025-26: none proposed or paid.

Director Changes

• Jinesh Savla appointed WTD & CEO on 18 Oct 2025; regularised 19 Dec 2025.
• Kayomarz Sadri resigned as WTD/CEO on 17 Oct 2025.
• Anurag Kanwatia appointed Additional WTD/CFO on 14 May 2025; resigned 28 Feb 2026.
• Shardul Chaturvedi resigned as Non-Executive Director on 27 Mar 2026.
• Mahiti Rath resigned as Company Secretary on 27 Mar 2026; Sahil Gurav appointed 28 Mar 2026.
• Ankit Joshi appointed CFO 27 Mar 2026; later added as Additional Director (WTD) 12 May 2026, subject to shareholders’ approval.
• Jinesh Savla to retire by rotation at the upcoming AGM; Board recommends re-appointment.

Auditor Appointments

• Statutory Auditor: M/s CLASS & Co. LLP appointed for 5 years (FY2025-30).
• Secretarial Auditor: M/s D. A. Kamat & Co. appointed for 5 years (FY2025-30).
• Internal Auditor: M/s P. S. S V & Associates LLP appointed for FY2025-26.

Material Related Party Transactions

• Related Party Transactions with material subsidiaries approved; arm’s-length in ordinary course.
• RPT Policy updated per SEBI LODR; details in annual report Annexure III.

Other Material Approvals

• Employee Stock Option Scheme 2025 approved via Postal Ballot; no grants in FY2025-26.
• Management disclosures and corporate governance certificates provided.