Outcome of the Board Meeting held on May 15, 2026
AFSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Abans Financial Services approved several key leadership changes. Mr. Nirbhay Vassa resigned as Whole-Time Director and CFO effective May 15, 2026, with his resignation letter dated April 13, 2026. He was succeeded by Mr. Raghunathan Mudaliar as the new CFO effective May 16, 2026. The company also appointed Mr. Karan Heda (a Chartered Accountant with 12+ years experience) as an Additional Non-Executive Director, subject to shareholder approval. New senior management appointments include Mr. Ritesh Chavan (finance professional with derivatives expertise) and Mr. Vinod Sagar (bullion market specialist). M/s. V C Shah & Co. was appointed as Internal Auditor for FY 2026-27. The registered office address will change within Nariman Point, Mumbai. The trading window remains closed for 48 hours.
The departure of the CFO and Whole-Time Director followed by rapid replacement indicates normal succession planning rather than any governance concern. The new appointments bring experienced finance professionals, which should support continuity in financial management and regulatory compliance.