Abans Financial Services Limited Announces Directorate Changes
Abans Financial Services Limited announced the re-appointment of Mr. Abhishek Bansal as Managing Director and Ms. Ashima Chhatwal as an Independent Director. The decisions followed shareholder approval from a postal ballot held on February 09, 2026.Mr. Abhishek Bansal’s re-appointment as Managing Director is effective June 18, 2026, for a second term of five consecutive years, extending through June 17, 2031. Mr. Bansal is a Commerce graduate from the University of Mumbai and the founder of the Abans Group. He oversees the Group's overall strategy, operations, and expansion.
Ms. Ashima Chhatwal's re-appointment as an Independent Director takes effect July 12, 2026, also for a second term of five consecutive years, ending July 11, 2031. Ms. Chhatwal has over eight years of experience in legal and corporate matters, having previously worked with HCL Technologies Limited, AZB & Partners, and Trilegal.
The following table summarizes the key details:
| Particular | Re-appointment of Mr. Abhishek Bansal | Re-appointment of Ms. Ashima Chhatwal |
|---|---|---|
| Reason for Re-appointment | Re-appointment as Managing Director, liable to retire by rotation, for a second term. | Re-appointment as Independent Director for a second term. |
| Date of Re-appointment & Term | June 18, 2026 to June 17, 2031 | July 12, 2026 to July 11, 2031 |
| Brief Profile | Commerce graduate and founder of the Abans Group, overseeing overall strategy, operations, and expansion. | Over eight years of experience in legal and corporate matters with HCL Technologies Limited, AZB & Partners, and Trilegal. |
| Relationship to Other Directors | Not related to any other Director. | Not related to any other Director. |
| Confirmation Regarding SEBI Order | Not debarred from holding the office of director. | Not debarred from holding the office of director. |
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