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

The board has approved the withdrawal of the Scheme of Amalgamation between Abans Jewels Limited and Abans Enterprises Limited. This decision was made as the expected benefits were not sufficiently demonstrable amid evolving market dynamics, with no impact on the company's financial position. Additionally, Mr. Anurag Kanwatia has resigned as Whole-Time Director and CFO, effective February 28, 2026. Mr. Deepak Zope, with 14 years in financial services, is appointed as an Additional Director (Whole-Time) for three years, effective March 1, 2026, pending shareholder approval. Mr. Jinesh Savla is now authorized for material disclosures.