Proceeding of AGM held on 29th September, 2025
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Banas Finance Ltd held its 42nd Annual General Meeting on 29th September 2025 via video conferencing, running from 2:00 PM to 2:10 PM, with 80 members attending. Seven resolutions were put to vote, including adoption of the audited financial statements for FY 2024-25 and re-appointment of Mrs. Tanu Girraj Agrawal as Director (retiring by rotation). Other key items included regularisation of Mr. Mayank Borana as independent director, appointment of HRU & Associates as secretarial auditor, increase in authorised share capital, alteration of the capital clause in the Memorandum of Association, and approval for material related party transactions up to Rs. 200 crores. E-voting was conducted via NSDL from 26th–28th September 2025, and voting results were to be announced within 48 hours.
Shareholders should watch for the pending voting results, particularly the resolutions to increase authorised share capital and approve Rs. 200 crore in related party transactions, both of which could affect future dilution risk and corporate governance. The brief 10-minute meeting suggests a routine procedural AGM with no major strategic surprises disclosed.