Abans Enterprises Limited has announced the opening of a special window for shareholders to re-lodge transfer requests and dematerialise physical shares. The initiative, running for one year from February 05, 2026 to February 04, 2027, follows regulatory guidelines issued by the Securities and Exchange Board of India.

Regulatory Compliance and Timeline

The special window has been established pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. This facility specifically caters to physical shares that were sold or purchased prior to April 01, 2019.

Public Notification Process

Abans Enterprises has fulfilled its regulatory obligations by publishing advertisements in leading newspapers on March 19, 2026. The company selected publications to ensure broad reach across different language segments:

• Financial Express - English newspaper
• Mumbai Lakshadeep - Marathi newspaper

The company has formally notified both stock exchanges where its shares are listed about this development. BSE Limited, where the company trades under scrip code 512165, and Metropolitan Stock Exchange of India Limited have been informed through official communication.

Corporate Communication

The intimation was signed by Mahiti Rath, Company Secretary and Compliance Officer (Membership No.: A72887), and digitally authenticated on March 19, 2026. The company has also made this information available on its official website at abansenprises.com for shareholder reference.

Company Information

Abans Enterprises Limited operates from its registered office at 36, 37, 38A, 3rd Floor, 227 Nariman Bhavan, Backbay Reclamation, Nariman Point, Mumbai-400021. The company, incorporated in 1985, holds CIN: L74120MH1985PLC035243 and maintains its compliance communications through dedicated channels for shareholder services.

Abans Enterprises Limited announced significant leadership changes and corporate decisions following its Board of Directors meeting held on February 05, 2026. The company disclosed key appointments, resignations, and the formal withdrawal of its amalgamation scheme with subsidiary Abans Jewels Limited.

Leadership Transition and New Appointments

The company announced the resignation of Mr. Anurag Kanwatia (DIN: 11069031) from his position as Whole-Time Director and Chief Financial Officer, effective from the close of business hours on February 28, 2026. In his resignation letter dated January 28, 2026, Kanwatia cited personal reasons for his departure and confirmed there were no material reasons beyond those mentioned.

The Board appointed Mr. Deepak Zope (DIN: 07870467) as Additional Director (Whole-Time) for a three-year term starting March 01, 2026, based on the recommendation of the Nomination, Remuneration & Compensation Committee. The appointment is subject to shareholder approval at the next general meeting or within three months from the appointment date.

New Director Profile and Authorization Changes

Mr. Deepak Zope brings extensive experience to his new role, holding a Commerce degree and MBA in Finance. With 14 years in financial services and over 10 years with the Abans Group, he possesses deep understanding of the banking and financial service sector. Currently overseeing day-to-day operations, Zope plays a pivotal role in developing and implementing new strategies for organizational growth.

The Board also authorized Mr. Jinesh Savla (DIN: 11286253), Whole Time Director & CEO, for determining materiality of events and making regulatory disclosures to stock exchanges under Regulation 30 of LODR Regulations. The company updated its Key Managerial Personnel list to reflect these changes.

Amalgamation Scheme Withdrawal Confirmed

The Board formally approved the withdrawal of the Scheme of Amalgamation between Abans Jewels Limited, its wholly-owned subsidiary, and Abans Enterprises Limited. Originally approved and filed with the National Company Law Tribunal (NCLT) in November 2024, the scheme withdrawal was deemed prudent due to evolving business and market dynamics.

The company stated that expected benefits from the proposed amalgamation were not sufficiently demonstrable at this stage. Management emphasized that the withdrawal has no impact on the company's financial position or results and is considered in the best interests of the company and its stakeholders.

Regulatory Compliance and Meeting Details

All disclosures were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular dated January 30, 2026. The Board meeting commenced at 16:20 IST and concluded at 17:00 IST on February 05, 2026.

The company confirmed that Mr. Zope is not debarred from holding directorship by any SEBI order or other authority. The Board and Nomination Committee will appoint a successor CFO within the stipulated timeline and inform stock exchanges accordingly.