Abans Financial Services Limited has informed the Exchange about General Updates
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Abans Financial Services Limited's Board of Directors met on May 15, 2026 and approved several key decisions. The meeting saw the resignation of Mr. Nirbhay Vassa as Whole-Time Director & CFO effective from closure of business hours on May 15, 2026 (resignation dated April 13, 2026). Mr. Raghunathan Mudaliar was appointed as the new Chief Financial Officer effective May 16, 2026. Additionally, Mr. Karan Heda was appointed as Additional Director in the capacity of Non-Executive Director. The company also appointed M/s. V C Shah & Co. as Internal Auditors for FY 2026-27, relocated its registered office within Nariman Point, Mumbai, and carried out an internal re-organisation of senior management roles. The trading window has been closed until 48 hours from this announcement.
The resignation of the CFO and appointment of a new one, along with a new non-executive director appointment, represents significant management changes. The trading window closure indicates potential upcoming announcements, and shareholders should monitor for further disclosures regarding the company's strategic direction under the new leadership team.