Abans Financial Services Limited has informed the Exchange regarding Change in Director(s) of the company.
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Abans Financial Services Limited has informed the exchanges that shareholders approved two director re-appointments through a postal ballot. Mr. Abhishek Bansal, the founder of the Abans Group, has been re-appointed as Managing Director for a second 5-year term, effective June 18, 2026 to June 17, 2031. Ms. Ashima Chhatwal has been re-appointed as Independent Director for a second 5-year term, effective July 12, 2026 to July 11, 2031. Both appointments follow recommendations of the Nomination, Remuneration and Compensation Committee and the Board. Neither director is debarred by SEBI from holding office, and neither is related to any other director on the board.
This is a routine governance update with no change in leadership direction — the founder-MD and an independent director continue for another five-year cycle, providing continuity for shareholders. The stock is unlikely to see any meaningful reaction as these were expected re-appointments already approved by the Board.