Abans promoter group declares no encumbrance on shares in FY26

Shriyam Bansal, a member of the Promoter Group of Abans Financial Services , has declared that he along with persons acting in concert have not created any encumbrance on equity shares held by him during the Financial Year 2025-26. The declaration, dated April 01, 2026, confirms that no charges were created directly or indirectly other than those already disclosed through System Driven Disclosures. This disclosure is significant as it assures stakeholders regarding the unencumbered status of the promoter's holding during the specified period.

The declaration was submitted in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter has requested the company to place this disclosure before the ensuing Audit Committee Meeting in accordance with Regulation 31(5) of the said regulations. The filing was addressed to the Audit Committee of Abans Financial Services Limited (Formerly known as Abans Holdings Limited), BSE Limited, and the National Stock Exchange of India Limited.

Key Disclosure Details

Parameter	Details
Promoter Name	Shriyam Bansal
Regulation	Regulation 31 of SEBI (SAST) Regulations, 2011
Financial Year	2025-26
Encumbrance Status	No encumbrance
Disclosure Date	April 01, 2026

The company operates under the name Abans Financial Services Limited, which was formerly known as Abans Holdings Limited. The scrip is listed on BSE with code 543712 and on NSE with the symbol AFSL.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.01%	+0.01%	-1.26%	0.0%	-8.15%	-7.95%

The Quasi-Judicial Authority for Enforcement (QJAE) of the International Financial Services Centres Authority (IFSCA) has imposed a monetary penalty of ₹8,00,000 on Abans Financial Services for regulatory non-compliance identified during an inspection for the financial year 2023-24. The order, dated June 03, 2026, was issued under Section 15EA of the SEBI Act, 1992, targeting the IFSC Branch of the entity. The company confirmed receipt of the order on June 03, 2026, noting that the penalty does not have a material impact on its financial or operational activities.

The regulatory action follows an inspection that revealed specific lapses in governance and reporting standards. The penalty was levied on account of observations regarding the delay in the appointment of a compliance officer, contribution of sponsor, and certain internal controls. Additionally, the authority cited deficiencies in various investor disclosures, asset valuation, and periodic reporting to IFSCA.

Details of the Regulatory Order

The disclosure, submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlined the specifics of the enforcement action. The table below summarizes the key particulars of the order and the violations cited.

Sr. No.	Particular	Details
a.	Name of the authority	Quasi-Judicial Authority for Enforcement (QJAE) of the International Financial Services Centres Authority (IFSCA).
b.	Nature and details of the action(s) taken or order(s) passed	The QJAE of the International Financial Services Centres Authority (IFSCA), vide Order dated June 03, 2026, has imposed a monetary penalty of Rs.8,00,000/- (Rupees Eight Lakh Only) upon the IFSC Branch of the Company under Section 15EA of the SEBI Act, 1992.
c.	Date of receipt of direction or order	June 03, 2026
d.	Details of the violation(s)/contravention(s) committed	The penalty has been levied on account of certain observations relating to delay in appointment of compliance officer, contribution of sponsor and certain internal controls, various investor disclosures, asset valuation and periodic reporting to IFSCA.
e.	Impact on financial, operation or other activities	There is no material impact on financial, operation or other activities of the Company due to this penalty. The Order is currently appealable and the Company will make an assessment to exercise our right to appeal.

Company Response and Future Action

Abans Financial Services stated that the order is currently appealable. Management indicated that it will make an assessment regarding the exercise of its right to appeal against the penalty. The company reiterated that the financial penalty does not affect its ongoing operations significantly. The information was disclosed to the stock exchanges in compliance with regulatory requirements.