Board Meeting Details
The Board of Directors of Abans Enterprises Limited approved the proposal for voluntary liquidation of AGJT at their meeting held on Wednesday, November 04, 2026. The approval is subject to obtaining requisite shareholder approval and compliance with applicable laws.
Financial Contribution of Subsidiary
As per Annexure A disclosures:
- AGJT contributed turnover of ₹12,275.77 lakhs during FY ended March 31, 2026, representing 0.89% of the company's consolidated turnover
- AGJT's net worth as on March 31, 2026 was ₹4,925.22 lakhs, representing 22.76% of the company's consolidated net worth
Transaction Details
- No agreement for sale involved as the transaction pertains to voluntary liquidation
- Expected completion timeline: Within one year, subject to obtaining requisite approvals and completion of statutory and regulatory formalities
- Consideration: Proceeds from voluntary winding up, if any, would be received by the company following completion of the winding up process
Related Party Aspects
The transaction is classified as a related party transaction and will be conducted at arm's length basis.
Additional Information
The company committed to making further disclosures as required under applicable regulatory framework upon occurrence of any material developments. The information is available on the company website at www.abansenterprises.com.