Banas Finance Limited has announced the resignation of its Chief Financial Officer Amit Mehta, effective from the close of business hours on March 31, 2026. The company disclosed this information to the Bombay Stock Exchange on April 1, 2026, in compliance with regulatory requirements.

Key Personnel Change Details

The resignation affects a key managerial position within the company's leadership structure. The following table outlines the departing executive's details:

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also complied with Para A(7B) of Part A of Schedule III of SEBI Listing Regulations, 2015 and SEBI Master Circular bearing Reference Number SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024.

Resignation Details

Amit Mehta submitted his resignation letter on March 16, 2026, citing personal reasons for his departure. In his resignation letter, Mehta expressed gratitude for the opportunities provided during his tenure at Banas Finance Limited and acknowledged the support and knowledge gained during his employment.

The Chief Financial Officer confirmed that there are no other material reasons for the resignation beyond those stated in the resignation letter. The company has indicated that the complete resignation letter has been enclosed as supporting documentation with the regulatory filing.

Company Information

Banas Finance Limited, incorporated with CIN L65910MH1983PLC030142, is headquartered at E/109, Crystal Plaza, New Link Road, Andheri (W), Mumbai - 400 053. The disclosure was signed by Tanu Giriraj Agarwal, Director and CEO (DIN: 00290966), who digitally signed the communication on April 1, 2026.

The company has requested the stock exchange to take the information on record and disseminate it on the exchange's website for public disclosure.

Banas Finance Limited has announced the resignation of its Chief Financial Officer, Amit Mehta, effective from the close of business hours on March 31, 2026. The company disclosed this key managerial personnel change to the Bombay Stock Exchange on March 17, 2026, in compliance with regulatory requirements.

Resignation Details

The resignation was formally communicated through a disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mehta submitted his resignation letter on March 16, 2026, citing personal reasons for his departure from the financial services company.

Regulatory Compliance

Banas Finance Limited ensured full compliance with SEBI regulations by providing comprehensive disclosure documentation. The company submitted the required information under Regulation 30 read with Para A(7B) of Part A of Schedule III of SEBI Listing Regulations, 2015, and SEBI Master Circular bearing Reference Number SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024.

The disclosure was signed by Tanu Giriraj Agarwal, Director and CEO of Banas Finance Limited, who confirmed that the CFO has stated there are no other material reasons for the resignation beyond those mentioned in his resignation letter.

Company Information

Banas Finance Limited, incorporated under CIN L65910MH1983PLC030142, operates from its registered office at E/109, Crystal Plaza, New Link Road, Andheri (W), Mumbai. The company's scrip is listed on the Bombay Stock Exchange with the code 509053 under the symbol BANASFN.

The resignation represents a significant change in the company's key managerial personnel structure as it transitions to identify a suitable replacement for the CFO position.