Abans Enterprises Limited , a company engaged in general trading of agri commodities, precious metals, and derivatives, has successfully concluded its postal ballot process with shareholders overwhelmingly approving the appointment of Mr. Jinesh Savla as Whole Time Director and Chief Executive Officer (CEO).

Postal Ballot Results

The voting results were announced on December 22, 2025, following the completion of the e-voting process. The resolution received exceptional shareholder support:

Key Details of the Approved Appointment

The shareholders have approved the following terms for Mr. Jinesh Savla's appointment:

Voting Process Timeline

The company conducted the postal ballot through e-voting with the following schedule:

About Mr. Jinesh Savla

Mr. Savla brings over 17 years of diverse experience across manufacturing, entrepreneurship, digital commerce, and financial markets. His background includes:

• Current role as Vice President – Research Desk and Institutional Fund Raising at Abans Group
• Previous experience as Vice President – Marketing at Tic Tac Toe Footwear
• Founder & CEO of Jin Plast Engineering
• Started career at Galva Deco Parts Pvt. Ltd., progressing to CEO

Mr. Savla holds a Bachelor's degree in Chemical Engineering from UDCT, Mumbai (now Institute of Chemical Technology).

Scrutinizer Report

The postal ballot was conducted under the supervision of M/s. D.A. Kamat & Co., Company Secretaries, with Ms. Rachana Shanbhag (FCS: 8227) serving as the scrutinizer. The scrutinizer confirmed that the voting process was conducted in a fair and transparent manner in compliance with the Companies Act, 2013 and SEBI regulations.

The Board of Directors believes Mr. Savla's appointment will provide focused leadership, enhance execution of business strategies, optimize operations, and boost stakeholder confidence, aligning with the company's long-term vision and objectives.

Abans Enterprises has announced its financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance across its standalone and consolidated operations.

Standalone Performance

On a standalone basis, Abans Enterprises reported a loss after tax of Rs. 112.18 lakhs for Q2, compared to a loss of Rs. 42.29 lakhs in the same quarter last year. However, for the half-year, the company posted a profit after tax of Rs. 55.26 lakhs, a significant improvement from the loss of Rs. 67.12 lakhs in the previous year.

The company's revenue from operations saw a substantial increase:

Consolidated Results

The consolidated financial results paint a more positive picture:

The company's consolidated profit after tax for Q2 FY2026 stood at Rs. 486.86 lakhs, while for the half-year, it reached Rs. 954.78 lakhs.

Key Financial Highlights

• The company's consolidated revenue from operations for H1 FY2026 was Rs. 3,91,923.46 lakhs.
• Consolidated total comprehensive income for H1 FY2026 amounted to Rs. 1,127.18 lakhs.
• Earnings per share (EPS) for H1 FY2026 on a consolidated basis was Rs. 1.37 (not annualized).

Corporate Actions

The Board of Directors had previously approved a Scheme of Amalgamation for the proposed merger of its wholly-owned subsidiary, Abans Jewels Limited, with the company. The appointed date for this merger is April 1, 2024, and it is subject to necessary regulatory approvals, including that of the National Company Law Tribunal (NCLT).

Stock Split

On October 15, 2024, Abans Enterprises implemented a stock split, reducing the face value of each equity share from Rs. 10 to Rs. 2, resulting in a 5-for-1 split. This action increased the number of outstanding equity shares from 1,39,49,776 to 6,97,48,880, without impacting the company's total share capital.

The financial results reflect the company's performance in a dynamic market environment. While the standalone entity faced challenges, the consolidated results demonstrate the group's overall resilience and growth trajectory.