Abans Enterprises Limited submitted a regulatory disclosure to BSE Limited and the Metropolitan Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure concerns developments at its material subsidiary, Abans Gems and Jewels Trading FZC, Ajman, UAE (AGJT).

1. Resignation of Statutory Auditors

The Board of Directors of AGJT, at their meeting held on August 13, 2026, noted the resignation of M/s. Abdulaziz Panis and Shah Associates Chartered Accountants L.L.C (Registration No.: 5656) as the Statutory Auditors of the subsidiary.

The resignation was effective from the close of business hours on August 13, 2026.

The auditors provided a resignation letter dated August 13, 2026, confirming that the reason for resignation was "Due to pre-occupation" and that there were no other reasons.

The auditors also confirmed their resignation applied to both the statutory audit and the limited review engagement. They will not perform the limited review for the quarter ending September 30, 2026 (Q2 FY 2026-27), or any subsequent periods, nor the statutory audit for the financial year ending March 31, 2027.

Detailed information provided as per SEBI Master Circular includes:

  • The auditor was appointed on November 12, 2025.
  • Their term was scheduled to expire on the date of submission of the audit report for the year ending March 31, 2027.
  • The latest audit report submitted was for the financial year ended March 31, 2026, issued on May 10, 2026.
  • The auditor confirmed there were no concerns or efforts made prior to resignation, and no issues regarding the inability to obtain sufficient audit evidence.

2. Appointment of New Statutory Auditors

Pursuant to applicable provisions, the board of AGJT appointed M/s. Al Jeroudy Accounting & Auditing L.L.C (Registration No. 20041) to fill the casual vacancy.

The date of appointment is August 13, 2026, for a term of one year.

A brief profile of the new auditor was provided, stating it was established in 2000 in Dubai, has over two decades of experience, and is included among approved audit firms in the Dubai Airport Freezone.

Submission and Certification

The disclosure was signed by Sahil Gurav, Company Secretary and Compliance Officer (Membership No.: ACS 65385) of Abans Enterprises Limited on August 13, 2026.

The submission includes Annexure A (details of resignation) and Annexure B (details of new appointment) as required by the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The financial impact of this change was not quantified in the disclosure.