The Board of Directors of the Company approved the notice of Postal Ballot for seeking approval of the Shareholders by way of Ordinary Resolution for entering into Material Related Party Transactions
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On August 7, 2025, the Board of Abans Financial Services Limited approved a Postal Ballot notice seeking shareholder approval through an Ordinary Resolution for entering into Material Related Party Transactions. The Board also approved a revised Code of Conduct to Regulate, Monitor and Report Trading by Insiders, aligned with SEBI (Prohibition of Insider Trading) Regulations, 2015. The revised code has been published on the company's website. The Board meeting ran from 4:32 PM to 5:00 PM IST. Specifics of the related party transactions, including counterparty names, deal value, and rationale, are not disclosed in this filing and would be detailed in the Postal Ballot notice and explanatory statement sent to shareholders. This is a procedural step required under the Companies Act, 2013 and SEBI Listing Regulations, where shareholder approval is mandatory before the company can enter into material transactions with related parties.
Shareholders will receive a Postal Ballot notice and explanatory statement with full transaction details, and will need to vote on whether to approve the related party deal. The actual transaction value, counterparty, and terms will determine whether this is material for the company — investors should review the Postal Ballot documents carefully before the voting deadline.