Abans Financial Services Limited has informed the Exchange regarding Appointment of Mr Karan Heda as Non-Executive Director of the company w.e.f. May 15, 2026.
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Abans Financial Services held a board meeting on May 15, 2026 announcing several leadership changes. The company appointed Mr. Karan Heda as Additional Non-Executive Director (a Chartered Accountant with 12+ years experience from ABANS Group), subject to shareholder approval. Mr. Raghunathan Mudaliar was appointed as the new Chief Financial Officer effective May 16, 2026. Simultaneously, Mr. Nirbhay Vassa resigned as Whole-Time Director and CFO via resignation dated April 13, 2026, effective from close of business on May 15, 2026. Additionally, the company appointed M/s V C Shah & Co. as Internal Auditors for FY 2026-27 and changed its registered office within Nariman Point, Mumbai. New senior management personnel including Mr. Ritesh Chavan and Mr. Vinod Sagar were also appointed as part of internal re-organisation.
The resignation of the CFO who held a dual role as Whole-Time Director signals a key leadership transition. The company has appointed an internal successor from within the Abans Group ecosystem, which may provide continuity. Trading window is closed until 48 hours from the announcement.