Abans Financial Services Limited has announced a significant leadership change with the resignation of its Whole-Time Director and Chief Financial Officer. The company informed stock exchanges about this development in compliance with regulatory requirements on April 13, 2026.

Leadership Transition Details

Mr. Nirbhay Fancy Vassa (DIN: 08011853) has tendered his resignation from the positions of Whole-Time Director and Chief Financial Officer of Abans Financial Services Limited. The Board of Directors noted his resignation at their meeting held on Monday, April 13, 2026.

Resignation Background

In his resignation letter dated April 13, 2026, Vassa explained that his decision follows careful consideration and is driven by his intent to step back from current responsibilities to focus on the next phase of his professional journey and personal priorities. He specifically confirmed that there are no material reasons for tendering the resignation.

Vassa expressed gratitude for the opportunity to serve the organization and contribute across financial strategy, governance, compliance, and business transformation. He acknowledged the privilege of working with the Board and Management team during his tenure.

Transition and Succession Planning

The departing CFO has committed to ensuring a smooth and structured transition during the notice period. He will work closely with the Board and Management team to hand over responsibilities and support continuity across all critical functions.

The Board and Nomination, Remuneration & Compensation Committee will appoint Vassa's successor within the stipulated timeline and intimate the stock exchanges accordingly. The company has assured stakeholders of maintaining strong governance and strategic clarity during this transition period.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full regulatory compliance.

The information has been communicated to both BSE Limited (Scrip Code: 543712) and National Stock Exchange of India Limited (Symbol: AFSL), and uploaded on the company's website at www.abansfinserv.com for stakeholder access.

Abans Financial Services Limited has completed the allotment of 1,34,000 equity shares under its Employee Stock Option Plan (ESOP) Scheme 2023, as announced to the stock exchanges on April 08, 2026. The allotment was executed through the company's ESOP Allotment Committee in compliance with regulatory requirements.

ESOP Allotment Details

The company allotted equity shares with specific parameters that impact its capital structure:

Impact on Share Capital

Following this ESOP allotment, the company's capital structure has been updated with increased share capital:

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects, ensuring equal rights and privileges for all shareholders.

Regulatory Compliance

Abans Financial Services Limited has fulfilled its disclosure obligations by informing both major stock exchanges about this development. The company communicated the allotment details to BSE Limited (Scrip Code: 543712) and National Stock Exchange of India Limited (Symbol: AFSL) pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The announcement was signed by Bhargavi Halapeti, Company Secretary & Compliance Officer, and the information has been uploaded on the company's official website at www.abansfinserv.com for public access.