Resignation and appointment of Statutory Auditors of Material Subsidiary of the Company

~ABANS® August 13, 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, Kurla (West), Fort, Mumbai – 400 001 Mumbai – 400 070 Scrip Code: 512165 Symbol: ABANS Sub: Intimation pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), the Board of Directors of Abans Gems and Jewels Trading FZC, Ajman, UAE (“AGJT”) – Material Subsidiary of the Company at their meeting held on August 13, 2026, have inter-alia noted: - 1. Resignation of M/s. Abdulaziz Panis and Shah Associates Chartered Accountants L.L.C (Registration No.: 5656) as the Statutory Auditors of AGJT – Material Subsidiary of the Company w.e.f. close of business hours on August 13, 2026. The Statutory Auditors vide their resignation letter dated August 13, 2026, have also confirmed that there are no other reasons for the resignation other than those stated in their resignation letter. The copy of the resignation letter dated August 13, 2026, along with the Annexure as received from M/s. Abdulaziz Panis and Shah Associates Chartered Accountants L.L.C (Registration No.: 5656) is enclosed herewith. (Refer Annexure A) 2. Pursuant to the applicable provisions, appointment of M/s. Al Jeroudy Accounting & Auditing L.L.C (Registration No. 20041), as the Statutory Auditors of Abans Gems and Jewels Trading FZC, Ajman, UAE – Material Subsidiary of the Company, in order to fill the casual vacancy arising due to resignation of previous Statutory Auditors i.e. M/s. Abdulaziz Panis and Shah Associates Chartered Accountants L.L.C (Registration No.: 5656) for the year ended March 31, 2027. (Refer Annexure B) 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 ~ABANS® Please find enclosed the disclosure of information pursuant to Regulation 30 of SEBI LODR Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, as amended, as Annexure A & B for item no. 1 & 2 above, respectively. We request you to take the same on record. Thanking You, For Abans Enterprises Limited Sahil Gurav Company Secretary and 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 ~ABANS® Annexure A Details with respect to change in Auditors of the Material Subsidiary as required under Regulation 30 and read with Schedule III of the SEBI LODR Regulations and read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in respect of Item no. 1. Resignation of Statutory Auditors of Material Subsidiary (Abans Gems and Jewels Trading FZC, Ajman, UAE) Sr. No. Particulars Details 1. Name of Statutory Auditor M/s. Abdulaziz Panis and Shah Associates Chartered Accountants L.L.C (Registration No.: 5656) 2. Reason for change viz., Due to pre-occupation. appointment, resignation, The Statutory Auditor vide their resignation letter removal, death or otherwise dated August 13, 2026, have also confirmed that there are no other reasons for the resignation other than those stated above. 3. Date of appointment/ re- W.e.f. close of business hours on appointment/ cessation and term August 13, 2026. of appointment/ re-appointment Please note that the Statutory Auditors have issued Audit Report for the year ended March 31, 2026 in compliance with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026. 4. Brief Profile Not Applicable 5. Disclosure of relationships Not Applicable between directors (in case of appointment of a director) 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 r'·r'·:J•v' ~ j :J y.) ~ j-U' 0 ..l..l ~ . Y..?-' ~ P.RnlS® ABDULAZIZ PANIS AND SHAH ASSOCIATES Chartered Accountants L.L. C. Date: 13th August, 2026 The Manager, Abans Gems & Jewels Trading FZC, Ajman Free Zone, Dubai, UAE. Subject: Resignation from the Limited Review Engagement & Statutory Auditors Dear Sir/Madam, We refer to our engagement to perfo1m the limited review of the interim financial information of Abans Gems & Jewels Trading FZC. We hereby resign from the above engagement with effect from 13th August 2026. Accordingly, we shall not perform the limited review of the company's interim financial information for the quarter ending 30th September 2026 (Q2 FY 2026-27) and any interim subsequent reporting periods. Further, we hereby confirm that our resignation shall also apply to our appointment as Statutory Auditors of the Company. Accordingly, we shall cease to act as the Statutory Auditors of the Company and shall not undertake or be responsible for the statutory audit of the financial statements for the financial year ending 31st March 2027. Kindly acknowledge receipt of this letter. fltJiJ~·2 g_5~ ' ABDULAZIZ PANIS AND SHAH ASSOCIATES CHARTERED ACCOUNTANTS L.L.C. Registration No. 5656 Signed by: Sumit Shah Dubai, U.A.E. 13th August, 2026. Address: Office No. M-19 - Gold Land Building, Gold Souk, Deira, Dubai, U.A.E. Tel: +97142990880, M: +971 52 849 6035, P.O.Box 49640, E-mail: info@apnsdubai.com Information as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 November 11, 2024 upon resignation of Statutory Auditor from Material Subsidiary of the Company Sr.No. List of Particulars Details 1 Name of Material Subsidiary Abans Gems and Jewels Trading FZC, Ajman, UAE ("AGJT") 2 Details of the Statutory Auditor a. Name: Abdulaziz Panis and Shah Associates Chartered Accountants L.L.C b. Address: M-19, Gold Souq Building, Gold Souq Deira, Dubai, UAE. Pin Code -49640 C. Phone number: +971 559478735 d. Email: info@apnsdubai.com 3 Details of association with the Material Subsidiary a. Date on which the statutory auditor was 12111 November 2025 appointed b. Date on which the term of the statutory Date of the submission of audit report for auditor was scheduled to expire the year ended 31st March 2027 c. Prior to resignation, the latest audit report/ Financial statements for the year ended limited review report submitted by the March 31, 2026 issued on OJlh May 2026. auditor and date of its submission 4 Detailed reasons for resignation Due to pre occupation. 5 In case of any concerns, efforts made by the Nil auditor prior to resignation (including approaching the Audit Committee/Board of Directors along with the date of communication made to the Audit Committee/Board of Directors) 6 In case the infom1ation requested by the auditor was not provided, then following Not Applicable shall be disclosed: a. Whether the inability to obtain sufficient appropriate audit evidence was due to a management-imposed limitation or circumstances beyond the control of the management. b. Whether the lack of infom1ation would have significant impact on the financial statements/results C. Whether the auditor has perfonned alternative procedures to obtain appropriate evidence for the purposes of audit/limited review as laid down in SA 705 (Revised) d. Whether the lack of infonnation was prevalent in the previous reported financial statements/results. If yes, on what basis the prev10us audit/limited review rep01is were issued 7 Any other fact [Showing first 8,000 characters — download PDF for full document]