Change in authority for determining materiality of an event or information and for the purpose of making disclosure to stock exchanges under Regulation 30(5) of SEBI (LODR) Regulations, 2015.
ABANSENT · price
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Abans Enterprises announced multiple leadership changes effective March 27-28, 2026. Non-Executive, Non-Independent Director Ms. Shardul Chaturvedi resigned due to other professional commitments. Company Secretary & Compliance Officer Ms. Mahiti Rath also resigned as a Key Managerial Personnel (KMP) on the same date. To fill the gaps, Mr. Ankit Joshi was appointed as the new Chief Financial Officer effective April 1, 2026 — he brings over 8 years of capital markets experience and currently leads broking operations within the Abans Group. Mr. Sahil Gurav was appointed as the new Company Secretary & Compliance Officer effective March 28, 2026, with 6+ years of governance and compliance experience from firms like LKP Securities, Edelweiss, and Piramal Group. The new CS was also authorized to determine materiality of disclosures to stock exchanges under SEBI LODR Regulation 30(5).
This is essentially a routine leadership reshuffle with both outgoing and incoming positions filled without overlap gaps, which should not materially affect the stock. The new CFO is an internal group hire, suggesting continuity in financial strategy.