We hereby submitting the Resignation letter dated 16th March, 2026 received from CFO. The resignation will be effective from 31st march, 2026

Cfo ResignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹5.95

prior close

₹6.07

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+0.9% vs market

Investment Company peers, median of 60sector+0.5%+1.4% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.4 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Banas Finance Ltd has informed the stock exchange that its Chief Financial Officer, Amit Mehta, has resigned from the company. The resignation was submitted via a letter dated 16th March 2026 and will take effect from the close of business hours on 31st March 2026. Mr. Mehta has cited personal reasons for his departure. The disclosure was filed under SEBI Listing Regulations and signed by Tanu Giriraj Agarwal, Director and CEO of the company.

Likely market impact

This is a key managerial personnel change at the finance leadership level. Investors should watch for timely appointment of a new CFO, as a gap in this role could create uncertainty around financial reporting and compliance. Short-term sentiment may be mildly negative, but the impact depends on how quickly a replacement is announced.