Banas Finance Limited submitted a revised Independent Auditor's Report on its Consolidated Financial Results for the financial year ended 31 March 2026 to BSE following a query regarding a formatting discrepancy. The company stated that the original report did not include the name of the listed entity, a requirement under SEBI Circular No. CIR/CFD/CMD1/80/2019 dated July 19, 2019. The revised report rectifies this omission, though the company confirmed that the audited Consolidated Financial Results approved by the Board on 27 May 2026 remain unchanged.

The Board of Directors, in its meeting held on 27 May 2026, had approved the Audited Standalone and Consolidated Financial Results for the fourth quarter and year ended 31 March 2026. The meeting also noted the resignation of Mr. Amit Mehta from the position of Chief Financial Officer effective 31 March 2026. The statutory auditors, A K Kocchar & Associates, issued an unmodified opinion on the financial results.

For the financial year ended 31 March 2026, Banas Finance reported a Total Revenue From Operations of ₹5,723.158 lakh, compared to ₹4,322.733 lakh in the previous year. The company recorded a Net Profit for the period from continuing operations of ₹662.528 lakh, a turnaround from the net loss of ₹598.366 lakh reported in FY25. The Total Comprehensive Income for the period stood at ₹(3,427.398) lakh for FY26.

The company operates in two business segments: Finance Business Activities and Commodity Trading Business. During the year, the company changed its accounting policy for the classification of certain investments from Fair Value Through Profit or Loss (FVTPL) to Fair Value Through Other Comprehensive Income (FVOCI) in compliance with Ind AS 109. The financial results were reviewed by the Audit Committee and approved by the Board.

The following table summarizes the key financial metrics for the year ended 31 March 2026:

On the balance sheet date, the company's Total Assets stood at ₹13,616.614 lakh, comprising Total Financial Assets of ₹12,085.154 lakh and Total Non-financial Assets of ₹1,531.462 lakh. The Total Equity was recorded at ₹13,553.011 lakh, while Total Financial Liabilities were ₹63.603 lakh. The company reported no investor complaints for the quarter ended 31 March 2026.

Banas Finance Ltd has appointed Praveen Jangid as its Chief Financial Officer (CFO) effective June 29, 2026, to strengthen its financial governance and support long-term growth. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. This strategic move is expected to enhance the company's financial functions, governance standards, and operational efficiency through Jangid's leadership and expertise.

The appointment complies with Section 203 of the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting, where the decision was finalized, commenced at 11:00 A.M. and concluded at 1:00 P.M. on the same day. The necessary disclosures were submitted to BSE Limited under Regulation 30 of the Listing Regulations and relevant SEBI circulars.

Praveen Jangid brings nearly a decade of experience to the role, specializing in financial reporting, budgeting, taxation, audits, and internal controls. His professional background includes managing end-to-end accounting operations, statutory compliance, financial consolidations, and cash flow management. This expertise is anticipated to bolster the company's financial planning and reporting capabilities.

Key Appointment Details