Appointment of Mr. Ankit Joshi as Additional Director (whole time) of the Company
ABANSENT · price
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The Board of Directors of Abans Enterprises Ltd has appointed Mr. Ankit Joshi as an Additional Director (Whole-Time) effective May 12, 2026, for a term of three years. Importantly, this appointment is in addition to his existing role as Chief Financial Officer of the company, meaning he now holds dual responsibilities as both CFO and Whole-Time Director. The appointment was based on the recommendation of the Nomination and Remuneration and Compensation Committee (NRCC) and is subject to shareholder approval. Mr. Joshi has over eight years of experience in capital markets with expertise in equity, currency, and commodity derivatives. The company also appointed M/s. PSSV & Associates LLP as internal auditors for FY 2026-27 and shifted its registered office within Nariman Point, Mumbai.
This appointment elevates the existing CFO to the board level, indicating internal talent development and stronger financial oversight at the board level. It is a positive governance development as Ankit Joshi's combined CFO-Director role may bring deeper financial expertise to board deliberations, though shareholder approval is still pending.