Abans Enterprises Limited shareholders have overwhelmingly approved the appointment of Ankit Joshi as Whole-Time Director for a period of three years. The company name Board of Directors sought shareholder consent via postal ballot to formalize Mr. Joshi’s role and approve his remuneration structure. The resolution passed with near-unanimous support, signaling strong investor confidence in the company’s leadership transition and strategic direction under his tenure.

The voting process was conducted in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as Section 108 and 110 of the Companies Act, 2013. M/s. D.A. Kamat and Co., Company Secretaries (P.R. No. 1714/2022), was appointed as the independent scrutinizer to oversee the e-voting process. CS Rachana Shanbhag, Partner at D.A. Kamat & Co., issued the final Scrutinizer’s Report on August 10, 2026, confirming the validity and outcome of the votes.

Voting Timeline and Participation

The postal ballot notice was dated July 07, 2026, with remote e-voting facilitated by National Securities Depository Limited (NSDL). Shareholders holding shares as of the cut-off date of July 03, 2026, were eligible to vote. The e-voting window opened on July 11, 2026, at 9:00 a.m. (IST) and closed on August 09, 2026, at 5:00 p.m. (IST). A total of 4165 shareholders were registered as of the record date.

Resolution Outcomes

Two resolutions were put to vote during the postal ballot process. Both an ordinary resolution to appoint Ankit Joshi as a Director and a special resolution to appoint him as Whole-Time Director for three years with approved remuneration were passed with requisite majority. The voting results reflect minimal dissent, with only 112 votes cast against the proposals out of more than 55 million valid votes.

The e-voting module was unblocked in the presence of two independent witnesses, Mr. Dilesh Parasar and Ms. Saakshi Vyas, who are not employees of Abans Enterprises Limited, ensuring transparency in the result declaration. The detailed register of votes is maintained under the custody of the scrutinizer and will be shared with Jinesh Savla, Whole-Time Director and CEO of the Company, for safekeeping.

Abans Enterprises has opened the remote e-voting process to seek shareholder approval for the appointment of Mr. Ankit Joshi as Whole-Time Director and Chief Financial Officer for a period of three years. The company has proposed a total remuneration not exceeding Rs. 25,00,000 per annum for the role. Mr. Joshi was initially appointed as an Additional Director (Whole-Time) and Chief Financial Officer effective May 12, 2026, and this resolution seeks to ratify his appointment for a three-year term commencing from that date.

The Board of Directors, on the recommendation of the Nomination Remuneration and Compensation Committee, has placed two resolutions before the shareholders. The first resolution seeks to appoint Mr. Ankit Joshi (DIN: 10799583) as a Director of the Company. The second resolution, a special resolution, seeks approval for his appointment as Whole-Time Director in addition to his role as Chief Financial Officer for three years, along with the approval of his remuneration.

Key Details of the Proposal

The appointment is subject to the approval of shareholders through a remote e-voting process. The company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting. The remuneration proposed includes a minimum guaranteed remuneration clause, ensuring payment even in years of loss or inadequate profits, subject to compliance with Schedule V of the Companies Act, 2013. Mr. Joshi will not receive any sitting fees for attending Board or Committee meetings.

Voting Schedule and Process

The remote e-voting facility will be available to members whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of Friday, July 03, 2026. The voting period commences on Saturday, July 11, 2026, at 9:00 a.m. (IST) and concludes on Sunday, August 09, 2026, at 5:00 p.m. (IST). The results of the postal ballot are expected to be announced on or before Tuesday, August 11, 2026.

Profile of the Appointee

Mr. Ankit Joshi holds a Master of Business Administration (Finance) and a Bachelor of Commerce degree. He possesses over eight years of experience in capital markets, specializing in equity, currency, and commodity derivatives. Prior to his current role, he served as a Consultant at Protiviti India Private Limited. He is currently associated with the Abans Group of Companies, leading broking entities and overseeing financial planning and compliance.