StockWatch
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Holding Company
Management Change11 Nov 2026, 10:10 pm

Abans Financial Services: Director Resigns, New Director Appointed

AI Summary

Abans Financial Services Limited announced that Mr. Chintan Natwarlal Mehta has resigned as Whole-Time Director & CEO, effective November 11, 2026. He confirmed no material reason for his resignation. Concurrently, Mr. Mayank Mahesh Mundhra has been appointed as an Additional Director in the capacity of Whole-Time Director, subject to shareholder approval. The company also noted the incorporation of a subsidiary/step-down subsidiary. The trading window will remain closed until 48 hours after this announcement.

Key Highlights

  • Whole-Time Director & CEO Chintan Natwarlal Mehta resigns.
  • Mayank Mahesh Mundhra appointed as new Whole-Time Director.
  • Company announces incorporation of a subsidiary.
  • Trading window closed for 48 hours post-announcement.