Outcome of Board Meeting - Voluntary Liquidation of Abans Gems & Jewels Trading FZC, wholly owned material subsidiary of the Company

November 04, 2026 To, To, BSE Limited Metropolitan Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, 205 (A), 2nd Floor, Piramal Agastya Corporate Park, 25th Floor, Dalal Street, Kamani Junction, LBS Road, Fort, Mumbai – 400 001. Kurla (West), Mumbai – 400 070. Scrip Code: 512165 Symbol: ABANSENT Subject : Outcome of Board Meeting - Voluntary Liquidation of Abans Gems & Jewels Trading FZC, wholly owned material subsidiary of the Company. Ref : Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. Dear Sir/ Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that the Board of Directors of the Company, at their meeting held today, Wednesday, November 04, 2026, has considered and approved the proposal for voluntary liquidation of the Abans Gems & Jewels Trading FZC (‘AGJT’), as per the applicable laws subject to obtaining the requisite approval of the shareholders of the Company. The requisite details, as prescribed under Regulation 30 of the SEBI LODR Regulations, read with the SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated January 30, 2026, are enclosed herewith and marked as Annexure A. The Company shall make further disclosures, as may be required under the applicable regulatory framework, upon the occurrence of any material developments in this regard. The above information is available on the website of the Company i.e. www.abansenterprises.com. You are requested to take the above information on record. Thanking you, Yours faithfully, For Abans Enterprises Limited Sahil Gurav Company Secretary & Compliance Officer Membership No.: ACS 65385 Encl.: A/a Abans Enterprises Limited Regd. Office: 13A/B/C, 1st Floor, Mittal Chambers, Barrister Rajni Patel Marg, Nariman Point, Mumbai 400021 CIN: L74120MH1985PLC035243 ☎ 022 61790000 📠 022 61790010 ✉ compliance@abansenterprises.com 🌍 www.abansenterprises.com Annexure A [Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), read with Schedule III thereof and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. Particulars Details 1. The amount and percentage of the Abans Gems and Jewels Trading FZC contributed turnover or revenue or income and net turnover of Rs. 12,275.77 Lakhs during the financial worth contributed by such unit or year ended March 31, 2026 representing 0.89% of the division or undertaking or subsidiary or consolidated turnover of the Company. associate company of the listed entity during the last financial year Further, the net worth of AGJT as on March 31, 2026 was Rs. 4925.22 Lakhs, representing 22.76% of the consolidated net worth of the Company. 2. Date on which the agreement for sale has Not Applicable, as the proposed transaction pertains to been entered into voluntary liquidation of the Subsidiary and does not involve any agreement for sale. 3. The expected date of completion of sale/ The voluntary liquidation process is expected to be disposal completed within one year, subject to obtaining the requisite approvals and completion of applicable statutory and regulatory formalities in accordance with the applicable laws. 4. Consideration received from such Proceeds out of voluntary winding up, if any, sale/ sale/disposal disposal would be received by the Company following the completion of the winding up process under the applicable laws. 5. Brief details of buyers and whether any Not Applicable of the buyers belong to the promoter/ promoter group/ group companies. If yes, details thereof 6. Whether the transaction would fall within Yes, this will be considered as related party transaction related party transactions? If yes, whether and same will be done at arm’s length. the same is done at “arm’s length 7. Whether the sale, lease or disposal of the Not Applicable undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of SEBI LODR Regulations 8. Additionally, in case of a slump sale, Not Applicable indicative disclosures provided for amalgamation/ merger, shall be disclosed by the listed entity with respect to such slump sale. Abans Enterprises Limited Regd. Office: 13A/B/C, 1st Floor, Mittal Chambers, Barrister Rajni Patel Marg, Nariman Point, Mumbai 400021 CIN: L74120MH1985PLC035243 ☎ 022 61790000 📠 022 61790010 ✉ compliance@abansenterprises.com 🌍 www.abansenterprises.com