Announcement under Regulation 30 for appointment of Secretarial Auditor and Independent Director in AGM held on 29th September, 2025
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Banas Finance Ltd announced that at its AGM held on 29th September 2025, shareholders approved two key items. First, the re-appointment of M/s. HRU & Associates (Practising Company Secretary, COP No: 20259) as Secretarial Auditor for a fresh term of 5 years, from this AGM until the AGM of FY 2030-31. Second, the appointment of Mr. Mayank Borana as a Non-Executive Independent Director for 5 years (29 September 2025 to 28 September 2030). Mr. Borana is a qualified Chartered Accountant with over 8 years of experience in financial reporting, taxation, and statutory compliance, and currently serves as Assistant Manager at Cupid Limited, a publicly listed company. The filings were made under SEBI LODR Regulation 30.
This is a routine governance update with no negative implications — the secretarial auditor is being re-appointed (continuity maintained) and a qualified finance professional is joining the board as an independent director, which may strengthen financial oversight and compliance capabilities. Shareholders are unlikely to see any material impact on stock price from this announcement.