Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Newspaper Publication
ABANSENT · price
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Abans Enterprises Ltd (BSE: 512165) informed the exchanges about the newspaper publication of a notice for the hearing of its Scheme of Amalgamation with Abans Jewels Limited (AJL). Under the scheme, AJL (Transferor Company) will merge into Abans Enterprises Ltd (Transferee Company) along with their respective shareholders. The Joint Petition was admitted by the National Company Law Tribunal (NCLT), Mumbai Bench on April 3, 2025 (Company Scheme Petition No. 65 of 2025). The next hearing is scheduled for June 5, 2025. The notice was published on May 13, 2025 in Business Standard (English, all-India edition) and Nav Shakti (Marathi, Mumbai edition), as required under the Companies Act, 2013.
This is a procedural disclosure with no immediate financial impact on shareholders. However, if the NCLT approves the amalgamation of AJL into Abans Enterprises, it could result in consolidation of the Abans group's jewellery business and affect the shareholding structure of AEL, with a potential stock exchange ratio to be determined.