We are hereby submitting the take a note of Resignation of CFO w.e.f. 31/03/2026
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Banas Finance Ltd has announced the resignation of Chief Financial Officer (CFO) Mr. Amit Mehta effective 31st March, 2026. The resignation letter cites personal reasons. The company also reported strong financial performance for FY2026, with standalone profit before tax of Rs 1,239.85 lakhs compared to a loss of Rs 1,759.08 lakhs in FY2025. Consolidated revenue stood at Rs 5,949.67 lakhs, with consolidated profit of Rs 662.53 lakhs versus a loss of Rs 598.37 lakhs in the previous year. Basic consolidated EPS improved to Rs 1.264 from Rs 0.032. The auditors issued an unmodified opinion on the audited results.
The CFO resignation creates a key management vacuum at the finance head position. While the company posted improved financials, shareholders should monitor the appointment of a new CFO as this is a critical role for financial reporting and regulatory compliance.