Abans Enterprises Limited , a company engaged in general trading of agri commodities, precious metals, and derivatives, has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Jinesh Savla as Whole Time Director and Chief Executive Officer (CEO) for a term of three years.

Key Details of the Proposed Appointment

• Candidate: Mr. Jinesh Savla (DIN: 11286253)
• Position: Whole Time Director & Chief Executive Officer
• Term: 3 years (October 18, 2025 to October 17, 2028)
• Proposed Remuneration: Not exceeding Rs. 40,00,000 per annum

Voting Process

The company has opted for an e-voting process for this postal ballot:

Shareholders holding shares as of the cut-off date, Friday, November 14, 2025, are eligible to participate in the e-voting process.

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).

Rationale for Appointment

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.

Shareholders are encouraged to review the detailed postal ballot notice and cast their votes through the e-voting platform provided by National Securities Depository Limited (NSDL).

The results of the postal ballot are expected to be announced on or before Tuesday, December 23, 2025.

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.