Abans Financial Services Limited (formerly known as Abans Holdings Limited) has intimated the stock exchanges of two changes in the composition of its Board of Directors, both effective from the close of business hours on August 6, 2026. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Board Composition Changes

The company reported the cessation of two directors on the same date, each under different circumstances. The details of both departures are summarised below:

Cessation of Mr. Hariharan Devnarayan Iyer

Mr. Hariharan Devnarayan Iyer (DIN: 00151584), who served as a Non-Executive Independent Director, ceased to be a Director of the company upon the completion of his term as an Independent Director. His cessation took effect from the close of business hours on August 6, 2026.

Resignation of Mr. Naresh Madhu Tejwani

Mr. Naresh Madhu Tejwani (DIN: 00847424), Non-Executive Non-Independent Director, tendered his resignation vide his resignation letter dated August 6, 2026, citing changes in the composition of the Board of Directors. His resignation took effect from the close of business hours on the same date. Mr. Tejwani confirmed that there are no material reasons for his resignation other than those stated in his resignation letter.

Board's Acknowledgement

The Board of Directors and the Management of Abans Financial Services placed on record their sincere appreciation for the valuable contributions, guidance, and services rendered by both Mr. Hariharan Devnarayan Iyer and Mr. Naresh Madhu Tejwani during their respective associations with the company. The intimation was filed by Bhargavi Halapeti, Company Secretary and Compliance Officer (Membership No.: A23955), and has also been uploaded on the company's website at www.abansfinserv.com .

Abans Financial Services Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Karan Heda as a Non-Executive, Non-Independent Director. The resolution aims to regularize his position, which he currently holds as an Additional Director effective from May 15, 2026, following a recommendation by the Nomination, Remuneration and Compensation Committee.

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. The voting period is scheduled to commence on Saturday, July 11, 2026, at 9:00 a.m. IST and conclude on Sunday, August 09, 2026, at 5:00 p.m. IST. Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of Friday, July 03, 2026, are eligible to participate.

The postal ballot notice has been dispatched electronically to members in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Physical copies of the notice are not being distributed. The results of the voting will be announced within two working days of the conclusion of the e-voting period and will be communicated to the stock exchanges.

Mr. Karan Heda is a Qualified Chartered Accountant with over 15 years of experience in financial accounting, treasury, and risk management. He currently serves as Vice President – Accounts & Treasury at the ABANS Group. The company has received necessary statutory disclosures, including his consent to act as a director and declarations confirming he is not disqualified from holding the office.

The Board of Directors has recommended the ordinary resolution for approval. Mr. Heda holds 17,500 equity shares in the company and will not receive any remuneration for his role as director.