Scrip ID: ABANSENT    |    Scrip Code BSE: 512165     |    Group: XT    |    Face value: 10/-    |    Industry: TRADING

ABans Enterprises Limited, formerly known as Matru-Smriti Traders Limited (hereinafter referred as “the Company”) a limited company, listed on the Bombay Stock Exchange (BSE) and Metropolitan Stock Exchange of India Limited (MSEI) was incorporated in February, 1985.

The Company has been taken over by Mr. Abhishek Bansal pursuant to an open offer which resulted in change of control.

Pursuant to the change in control of the Company, the Company has become a part of ABans Group of Companies and hence to reflect the group name, the name of the Company has been changed from Matru-Smriti Traders Limited to ABans Enterprises Limited. Mr. Abhishek Bansal is the promoter of ABans Group of Companies.

The company is currently involved in the business of trading, processing, broking and consulting in all kind of commodities, agricultural products, base metals, precious metals and stones and trading in commodities, shares and derivatives of all kind in electronic exchanges.

The company is managed by competent and professional Board comprising of five directors; out of which three are Independent Directors and Mr. Abhishek Bansal is the Managing Director.

The Company came out with Bonus Issue in February 2016 by allotting 1,22,06,054 Equity Shares of Rs. 10/-each in the ratio of Seven Equity Shares for every One Equity Share held by the shareholders. The trading in the equity shares of the company has resumed.