Abans Financial Services Limited
Co is a globally diversified organization engaged in Investment Management, Trading, Broking, Gold Refining, Non-Banking Financial Services, Agricultural Trading, Pharmaceuticals Distribution, Software Development, and Real Estate Development
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Abans Financial Services' board announced key changes: Independent Director Mr. Hariharan Devnarayan Iyer's term expired, and Non-Executive Director Mr. Naresh Madhu Tejwani resigned. This reshuffles the board composition. #AFSL
Abans Financial Services' board approved Q1 consolidated results. Revenue from operations hit ₹3,712.76 Cr, with profit after tax at ₹65.85 Cr for the quarter. EPS stood at ₹12.20. The company also highlighted 1.8 lakh ESOP share allotments and progress on a subsidiary merger scheme.
Abans Financial Services appointed Karan Heda as an Additional Non-Executive Director and Raghunathan Mudaliar as the new CFO, replacing Nirbhay Vassa. M/s. V C Shah & Co. were appointed Internal Auditors for FY26-27. The company also changed its Registered Office within Mumbai and re-organised senior management roles.
Abans Financial Services' board appointed Karan Heda as Non-Executive Director & Raghunathan Mudaliar as CFO (replacing Nirbhay Vassa). They also changed the registered office within Mumbai and approved a significant internal re-organisation of senior management.
Abans Financial Services' board approved the audited financial results for FY26, reporting a consolidated net profit of ₹96.32 Cr. Additionally, the board cleared a merger scheme for several subsidiaries, which is now awaiting NCLT approval.