AFSL: Intimation under Regulation 30 for proposed scheme of arrangement for amalgamation of inter-se subsidiary and step down subsidiaries of Abans Financial Services Limited ("Company )

Abans Financial Services (AFSL) announced a scheme of arrangement to merge four of its subsidiaries — Abans Capital (ACPL, subsidiary), Abans Commodities (ACIPL), Abans Securities (ASPL), and Clamant Broking Services (CBSPL, all step-down subsidiaries) — into Abans Broking Services (ABSPL), a material step-down subsidiary. The ABSPL board approved the scheme on August 6, 2025, and AFSL's audit committee and board approved it on August 7, 2025, with an appointed date of April 1, 2025. The share exchange ratio is 1,253 equity shares of ABSPL (face value Rs. 10) for every 1 share held in ACPL; shares of the other transferor entities will stand cancelled as they are wholly held within the group. The scheme is subject to regulatory approvals including NCLT, and AFSL's own shareholding pattern will remain unchanged since the listed entity is not a party to the merger.