Merger16 Apr 2026, 09:21 pm
Abans Enterprises withdraws amalgamation scheme with Abans Jewels
AI Summary
Abans Enterprises Ltd has officially withdrawn its Scheme of Amalgamation with its wholly-owned subsidiary, Abans Jewels Limited. The company had previously informed about the Audit Committee and Board of Directors' approval for this withdrawal on February 5, 2026. The National Company Law Tribunal (NCLT), Mumbai Bench, has now disposed of the application for the scheme as withdrawn, following the companies' resolution to withdraw the petition. This concludes the process of discontinuing the proposed merger under Sections 230 to 232 of the Companies Act, 2013.
Key Highlights
- Abans Enterprises officially withdrew its amalgamation scheme.
- NCLT Mumbai Bench approved the withdrawal of the scheme application.
- The scheme involved wholly-owned subsidiary Abans Jewels Limited.
- The Board had approved the withdrawal earlier in February 2026.
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