Abans Enterprises Limited held its 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 meeting commenced at 17:00 IST and concluded at 18:00 IST. The statutory auditor, M/s. CLASS & CO. LLP, issued an unmodified audit opinion on both the Standalone and Consolidated Financial Results. Subsequently, pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Abans Enterprises filed a disclosure on May 13, 2026, confirming publication of the audited standalone and consolidated financial results in the following newspapers:

The intimation was signed by Sahil Gurav, Company Secretary and Compliance Officer (Membership No.: A65385), and the results are also available on the company's website at www.abansenterprises.com .

Standalone Financial Performance

On a standalone basis, Abans Enterprises reported a net loss for FY26, reversing the profitability recorded in the previous year. For Q4 FY26, standalone revenue from operations stood at ₹1,876.39 lakhs against ₹8,305.97 lakhs in Q4 FY25, while net profit after tax came in at ₹103.78 lakhs compared to ₹242.95 lakhs in the year-ago quarter. The following table summarises the key standalone financial metrics:

For the full year FY26, standalone revenue from operations grew to ₹18,843.74 lakhs from ₹10,545.39 lakhs in FY25. However, total expenses of ₹19,366.37 lakhs exceeded total income of ₹19,174.21 lakhs, resulting in a pre-tax loss of ₹192.16 lakhs against a pre-tax profit of ₹440.04 lakhs in FY25. After accounting for a net tax credit of ₹34.00 lakhs, the standalone net loss after tax stood at ₹158.16 lakhs for FY26, compared to a net profit of ₹317.36 lakhs in FY25. The paid-up equity share capital remained unchanged at ₹1,394.98 lakhs (face value ₹2/- each), while other equity stood at ₹826.72 lakhs as at March 31, 2026, against ₹986.74 lakhs a year earlier.

Standalone Balance Sheet Highlights

The standalone balance sheet reflects a significant reduction in total assets, primarily driven by a sharp decline in current assets. Key balance sheet figures are presented below:

The substantial reduction in total assets from ₹10,558.95 lakhs to ₹3,375.56 lakhs was largely attributable to a steep fall in inventories from ₹5,514.72 lakhs to ₹99.06 lakhs, and a decline in current borrowings from ₹7,883.67 lakhs to ₹473.26 lakhs. Cash and cash equivalents improved to ₹253.83 lakhs from ₹182.13 lakhs. On the standalone cash flow front, net cash from operating activities stood at ₹5,779.71 lakhs for FY26, compared to a net outflow of ₹1,139.46 lakhs in FY25, reflecting the significant unwinding of inventory positions.

Consolidated Financial Performance

On a consolidated basis, Abans Enterprises reported a profit after tax of ₹396.40 lakhs for FY26, though this represents a significant decline from ₹1,884.61 lakhs in FY25. The consolidated results encompass the performance of the holding company and its subsidiaries — Abans Jewels Limited (100%, India), Abans Gems & Jewels Trading FZE (100%, UAE), and Splendid International Limited (100%, Mauritius). Key consolidated financial metrics are summarised below:

Consolidated revenue from operations surged to ₹13,81,282.32 lakhs in FY26 from ₹3,84,976.04 lakhs in FY25, reflecting significant scale-up in trading operations. Despite the strong revenue growth, consolidated profit before tax declined to ₹841.11 lakhs from ₹3,154.25 lakhs in FY25. After tax expense of ₹444.71 lakhs, consolidated profit after tax stood at ₹396.40 lakhs. Total comprehensive income for the group was ₹1,024.62 lakhs for FY26, compared to ₹2,059.98 lakhs in FY25. Other equity on a consolidated basis stood at ₹20,242.55 lakhs as at March 31, 2026, against ₹19,217.93 lakhs a year earlier.

Consolidated Balance Sheet and Cash Flow Highlights

The consolidated balance sheet also reflected a notable contraction in total assets, primarily due to a reduction in inventories and current borrowings. Key figures are as follows:

On the consolidated cash flow front, net cash from operating activities stood at ₹16,063.78 lakhs for FY26, compared to a net outflow of ₹19,308.60 lakhs in FY25. Net cash used in investing activities was ₹3,678.54 lakhs, while net cash used in financing activities was ₹11,995.71 lakhs. Cash and cash equivalents at the end of the period stood at ₹1,829.67 lakhs, compared to ₹1,426.71 lakhs at the beginning of the period.

Key Corporate Developments

The auditor's report drew attention to a notable corporate development during the year. The Board of Directors, at its meeting held on February 05, 2026, approved the withdrawal of the Scheme of Amalgamation of Abans Jewels Limited — a wholly owned subsidiary — with Abans Enterprises Limited. The board noted that in view of evolving business and market dynamics, the expected benefits of the proposed amalgamation were not sufficiently demonstrable at this stage. The withdrawal was effected by passing respective resolutions of the Transferor and Transferee Companies, and the Hon'ble National Company Law Tribunal (NCLT) disposed of the scheme as withdrawn vide its order dated March 12, 2026. The company has confirmed that this withdrawal has no impact on the financial position or results of the company.

Additionally, the company recognised a past service cost of Rs. 22,367 in the Statement of Profit & Loss under employee benefit expenses, pursuant to an actuarial valuation report obtained in response to the Government of India's notification of four Labour Codes on November 21, 2025. The results were reviewed by the Audit Committee and approved by the Board, and the intimation was signed by Jinesh Savla, Whole-time Director and CEO (DIN: 11286253), and filed by Sahil Gurav, Company Secretary and Compliance Officer (Membership No.: A65385).

Abans Enterprises Limited has officially concluded the withdrawal of its amalgamation scheme with wholly owned subsidiary Abans Jewels Limited, receiving formal approval from the National Company Law Tribunal (NCLT) Mumbai Bench.

NCLT Approves Withdrawal

The NCLT Mumbai Bench disposed of the application as withdrawn on March 12, 2026, in case C.P.(CAA)/65(MB)2025. The tribunal's order was issued following submissions by the counsel for the applicant companies, who informed that both the transferor and transferee companies had passed their respective resolutions for withdrawal of the company scheme.

Background of Withdrawal Decision

The company had initially informed stock exchanges on February 05, 2026, about the Audit Committee and Board of Directors' approval for withdrawing the scheme of amalgamation. The withdrawal was approved under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, subject to requisite approvals and consents.

Regulatory Compliance

Abans Enterprises Limited communicated the development to both BSE Limited and Metropolitan Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company secretary and compliance officer, Sahil Gurav, signed the regulatory filing on April 16, 2026.

Documentation and Transparency

The company has made the certified copy of the NCLT order available on its official website at abansenterprises.com, ensuring transparency for stakeholders. The order was certified as a true copy and issued free of cost on April 13, 2026, by the Deputy Registrar of NCLT Mumbai Bench.

This withdrawal marks the conclusion of the amalgamation process that was initially proposed between Abans Enterprises Limited and its wholly owned subsidiary Abans Jewels Limited.