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The NCLT Mumbai Bench disposed of the application as withdrawn on March 12, 2026, in case C.P.(CAA)/65(MB)2025.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.

Abans enterprises Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was filed with BSE Limited and Metropolitan Stock Exchange of India Limited on April 7, 2026.

Regulatory Compliance Certificate

The certificate was issued by Purva Sharegistry (I) Private Limited, which serves as the Registrar and Share Transfer Agent (RTA) for Abans Enterprises Limited. The document confirms that all securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, certified that security certificates received for dematerialisation were confirmed or rejected appropriately. The certificate also confirms that received security certificates were mutilated and cancelled after due verification by the depository participant, and the names of the depositories were substituted in the register of members as registered owners.

Dematerialisation Activity Details

During the quarter from January 1, 2026 to March 31, 2026, the company processed dematerialisation transactions as detailed below:

Corporate Information

The filing was signed by Jinesh Savla, Whole-time Director & CEO of Abans Enterprises Limited (DIN: 11286253). The company trades on BSE with scrip code 512165 and symbol ABANS. Abans Enterprises Limited is incorporated under CIN L74120MH1985PLC035243 with its registered office located at Nariman Point, Mumbai.

Documentation and Transparency

The company has made the certificate information available on its official website at abansenterprises.com, ensuring transparency and accessibility for stakeholders. This quarterly filing demonstrates the company's commitment to maintaining proper regulatory compliance with SEBI's depositories and participants regulations.