Abans Financial Services Limited has informed the Exchange regarding Appointment of Ms V C Shah and Co as Internal of the company w.e.f. May 15, 2026.
AFSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved several key changes on May 15, 2026. Most notably, Mr. Nirbhay Vassa resigned as Whole-Time Director and Chief Financial Officer (resignation letter dated April 13, 2026), effective from close of business on May 15, 2026. Mr. Raghunathan Mudaliar has been appointed as the new CFO effective May 16, 2026. Additionally, Mr. Karan Heda was appointed as Additional Director (Non-Executive), M/s V C Shah & Co was appointed as Internal Auditors for FY 2026-27, and an internal re-organisation of senior management roles was undertaken. The company's registered office will also shift within Nariman Point, Mumbai. The trading window has been closed until 48 hours after the announcement.
The departure of the CFO and Whole-Time Director could be a concern for investors regarding continuity in financial leadership. The appointment of a replacement CFO from within the group (currently CFO at Abans Finance Private Limited) suggests a smooth transition. Multiple leadership changes in one meeting may attract investor attention.