Abans Enterprises Ltd — Important, 05-02-2026: Company Update

The company's board announced several key changes. Mr. Anurag Kanwatia resigned as Whole-Time Director and CFO; a successor will be appointed. Mr. Deepak Zope was appointed an Additional Whole-Time Director for three years, pending shareholder approval, following a review by the Nomination, Remuneration & Compensation Committee. Significantly, the previously planned amalgamation scheme with Abans Jewels Limited has been withdrawn. This decision stems from evolving market dynamics making expected benefits unclear, though it has no impact on the company's financial position. Mr. Jinesh Savla, Whole-Time Director & CEO, was also authorized for disclosure materiality.