Abans Financial Services Limited has informed the Exchange regarding Appointment of Mr Raghunathan Mudaliar as Chief Financial Officer of the company w.e.f. May 16, 2026.
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Abans Financial Services Limited held a Board Meeting on May 15, 2026, approving multiple changes. Mr. Nirbhay Vassa has been relieved of his duties as Whole-Time Director and CFO effective from close of business on May 15, 2026, via his resignation letter dated April 13, 2026. He has also ceased to be the authorized person under SEBI LODR Regulation 30(5). Mr. Raghunathan Mudaliar has been appointed as the new CFO effective May 16, 2026. Mr. Mudaliar is a Chartered Accountant with over 7 years of experience across NBFCs, capital markets, and regulatory compliance. Additional changes include appointment of Mr. Karan Heda as Additional Non-Executive Director, appointment of V C Shah & Co. as Internal Auditors for FY 2026-27, and relocation of the registered office within Nariman Point, Mumbai.
The resignation of Mr. Nirbhay Vassa after serving as both Whole-Time Director and CFO indicates a significant change in the company's top leadership. The immediate appointment of Mr. Raghunathan Mudaliar ensures continuity in financial leadership. Shareholders should note the trading window is closed until 48 hours from this announcement.