Abans Financial Services Limited has informed the Exchange regarding Resignation of Mr. Nirbhay Fancy Vassa as Executive Director of the company w.e.f. May 15, 2026.
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Mr. Nirbhay Fancy Vassa has tendered his resignation from the positions of Whole-Time Director and Chief Financial Officer of Abans Financial Services Limited, effective May 15, 2026. His last working day will be close of business hours on that date. The resignation, submitted on April 13, 2026, is attributed to personal reasons, with Mr. Vassa confirming there are no material reasons behind his decision. The Board has noted the resignation and stated that the Nomination, Remuneration & Compensation Committee will appoint his successor within the stipulated timeline. In his resignation letter, Mr. Vassa cited his intent to focus on the next phase of his professional journey and personal priorities while committing to ensure a smooth transition.
The dual departure of both the Whole-Time Director and CFO roles held by a single person represents a significant leadership transition for the financial services company. Shareholders should monitor the appointment of successors, as these are critical positions for governance and financial compliance in a listed financial services entity.