Abans Financial Services Limited has informed the stock exchanges regarding the resignation of one of its senior management personnel. Mr. Saurav Garg, who served as the Vice President - Operations, has tendered his resignation from the company. The communication was addressed to BSE Limited and the National Stock Exchange of India Limited (NSE) to comply with regulatory disclosure requirements.

Resignation Details

The company received the resignation letter from Mr. Saurav Garg on May 21, 2026. In the letter, he cited personal reasons for stepping down from his role as Vice President - Operations and as a Senior Management Personnel. The board accepted his resignation on the same day it was received. Consequently, the resignation will be effective from the close of business hours on July 15, 2026.

Regulatory Disclosures

The intimation was made pursuant to Regulation 30 read with Para A(7) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary details regarding the change in senior management personnel as required by the SEBI Master Circular. The information confirms that there are no material reasons for the resignation other than the personal reasons stated by the employee.

Mr. Garg confirmed that there are no other material reasons for his departure. He expressed his appreciation for the opportunity to contribute to the company's growth during his tenure. The information has also been uploaded on the company's official website.

Abans Financial Services Limited (formerly known as Abans Holdings Limited) has approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on Friday, May 15, 2026, pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 09:00 P.M. (IST) and concluded at 09:45 P.M. (IST). The results were audited by M/s. C N K & Associates LLP, Chartered Accountants, who issued an unmodified opinion on both the standalone and consolidated financial results. Subsequently, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 in Financial Express (English) and Mumbai Lakshadeep (Marathi) on May 17, 2026.

Board Meeting and Compliance

The audited financial results, along with the Audit Reports, Statement of Assets and Liabilities, and Cash Flow Statement, were reviewed and recommended by the Audit Committee before being approved by the Board. The declaration of unmodified audit opinion was signed by Abhishek Bansal, Chairman & Managing Director (DIN: 01445730). The intimation was also signed by Bhargavi Halapeti, Company Secretary and Compliance Officer (Membership No.: ACS 23955). The trading window for dealing in the company's securities shall remain closed until 48 hours from this announcement, as communicated to all designated persons.

The newspaper publication details pursuant to Regulation 47 are summarised below:

Standalone Financial Performance

On a standalone basis, Abans Financial Services reported the following key financial metrics for the quarter and year ended March 31, 2026 (figures in Rs. lakhs, except per share data):

The standalone total assets stood at Rs. 17,207.23 lakhs as on March 31, 2026, compared to Rs. 15,517.77 lakhs as on March 31, 2025. Total equity increased to Rs. 17,110.81 lakhs from Rs. 15,481.13 lakhs. Net cash from operating activities for the year was Rs. 3,252.76 lakhs, while cash and cash equivalents at the end of the period stood at Rs. 306.83 lakhs.

Key Standalone Notes

During the year ended March 31, 2026, the company allotted 82,667 equity shares (face value of Rs. 2/- each) pursuant to the exercise of options under the Employee Stock Option Scheme. The company's GIFT CITY IFSC branch commenced operations as a fund management entity (FME), and the profit of such branch is allowed as a deduction under Section 80LA of the Income Tax Act, 1961. Accordingly, the current tax of Rs. 2.00 lakhs for the year represents a short provision for tax of an earlier year.

Consolidated Financial Performance

On a consolidated basis, the group reported significantly higher revenues, reflecting the scale of its subsidiaries. The following table summarises the consolidated financial results (figures in Rs. lakhs, except per share data):

Consolidated total assets stood at Rs. 2,90,710.43 lakhs as on March 31, 2026, compared to Rs. 3,05,982.88 lakhs as on March 31, 2025. Total equity (including non-controlling interest) increased to Rs. 1,35,166.21 lakhs from Rs. 1,16,459.44 lakhs. Net cash from operating activities for the year was Rs. 50,518.17 lakhs, and cash and cash equivalents at the end of the period stood at Rs. 33,262.95 lakhs.

Consolidated Segment Performance

The group operates across three principal segments. The segment-wise revenue and results for the year ended March 31, 2026 are as follows (Rs. in lakhs):

Key Consolidated Notes

As on March 31, 2026, the company has fourteen subsidiaries (including step-down subsidiaries). On August 6, 2025, the Board of Directors of Abans Broking Services Private Limited approved a scheme of arrangement for merger, wherein Abans Capital Private Limited, Abans Securities Private Limited, Abans Commodities (I) Private Limited, and Clamant Broking Services Private Limited will merge with Abans Broking Services Private Limited. As on March 31, 2026, the scheme has been approved by the Stock Exchanges, and the company is in the process of making appropriate applications before the Hon'ble National Company Law Tribunal. The other expenses for the year ended March 31, 2026 include a net fair value loss of Rs. 4,796.45 lakhs, with other expenses excluding this loss amounting to Rs. 6,221.64 lakhs.

Auditor and Regulatory Details

The audit was conducted by M/s. C N K & Associates LLP (Firm Registration No. 101961 W/W100036), with Pankaj Tiwari (Partner, Membership No. 153110) signing the standalone audit report and the consolidated audit report, both dated May 15, 2026, from Mumbai. The consolidated financial results include audited financial statements of six subsidiaries with total assets of Rs. 2,44,578.71 lakhs and total revenue of Rs. 4,84,324.19 lakhs (before consolidation adjustments), audited by their respective independent auditors, as well as eight subsidiaries with total assets of Rs. 93,713.95 lakhs and total revenue of Rs. 21,98,750.09 lakhs (before consolidation adjustments), audited by CNK & Associates LLP. The company's registered office is located at 36, 37, 38A, Floor-3, Nariman Bhavan, Backbay Reclamation, Nariman Point, Mumbai – 400021. Further information is available on the company's official website at www.abansfinserv.com .