CFO & Whole-Time Director Mr. Nirbhay Vassa resigns, last day May 15

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

AFSL · price

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹211.00

prior close

₹212.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.5%-3.4% vs market

Holding Company peers, median of 12sector+2.1%-2.9% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 2.9 pts less than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.8

15m

-1.2

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+2.5-3.4+2.1-2.9

Next day

-3.3+3.7-7.1+2.8-6.1

-0.9+5.0-5.9+3.5-4.5

-3.8+4.4-8.2+1.3-5.1

-4.7+5.5-10.2+3.3-8.0

-4.7+6.9-11.6+3.5-8.2

-2.8+5.1-8.0+2.9-5.7

15d

-1.9+12.0-14.0+5.1-7.0

-4.7+7.6-12.3-1.0-3.7

-4.7+13.7-18.4+1.4-6.2

-4.7+18.7-23.4+3.4-8.1

UpDownMarket · Nifty Microcap 250Sector · Holding Company peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Nirbhay Fancy Vassa (DIN: 08011853) has resigned as Whole-Time Director and Chief Financial Officer of Abans Financial Services Limited, citing personal reasons and a desire to focus on the next phase of his professional journey. His last working day is close of business on May 15, 2026. He confirmed there are no material reasons for the resignation. The Board/Nomination & Remuneration Committee will appoint a successor within the stipulated timeline. He has committed to a smooth transition during the notice period.

Likely market impact

Key KMP-level exit at CFO/Whole-Time Director role; short-term transition risk, but board will appoint successor soon. No material concerns flagged.