We are herby submitting the outcome of Board Meeting held on 27th May, 2026
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Banas Finance Ltd's Board Meeting on 27th May 2026 approved the audited standalone and consolidated financial results for Q4 and full year ended 31st March 2026. The company reported a standalone net profit of ₹6.63 crore for FY2026, a significant turnaround from a loss of ₹5.98 crore in the prior year, on total income of ₹594.97 crore (vs ₹434.83 crore in FY2025). The auditor issued an unmodified opinion on both sets of results. Notably, the Board took on record the resignation of CFO Amit Mehta effective 31st March 2026. The consolidated results include the associate entity Tilak Ventures Limited (48.84% holding).
The CFO departure creates a key management gap ahead of the new financial year, which investors may view as a governance concern. The financial turnaround from loss to profit is positive but the resignation of the CFO warrants attention on leadership stability.