Abans Financial Services Limited has informed the Exchange regarding Change in Director(s) of the company.
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Awaiting price reaction for this filing.
Abans Financial Services has informed the stock exchanges about board-approved re-appointments of two key directors, subject to shareholder approval. Mr. Abhishek Bansal, the founder of the Abans Group, will be re-appointed as Managing Director for a second 5-year term from June 18, 2026 to June 17, 2031. Ms. Ashima Chhatwal, an Independent Director, will be re-appointed for a second 5-year term from July 12, 2026 to July 11, 2031. Both directors are confirmed as not debarred by SEBI or any other authority. The company also acknowledged a delay in disclosure, attributing it to an inadvertent interpretational oversight.
This is a continuity announcement with no change in leadership — the founder stays as MD and the existing Independent Director continues. Shareholders will need to approve these re-appointments at the upcoming AGM, but the news is broadly neutral for the stock.