Banas Finance Ltd Appoints Praveen Jangid as Chief Financial Officer
Banas Finance Ltd has announced the appointment of Mr. Praveen Jangid as its new Chief Financial Officer (CFO), effective June 29, 2026. The appointment was approved by the company's Board of Directors during a meeting held on that date and follows recommendations from the Nomination and Remuneration Committee.The appointment is set to strengthen the company’s financial functions and governance standards, with expectations that Mr. Jangid's expertise will support Banas Finance Ltd's long-term growth strategy.
Mr. Jangid brings almost ten years of experience as a finance professional to the role. His proven expertise includes managing end-to-end accounting operations, statutory compliance, financial consolidations, and cash flow management. He also possesses strong skills in budgeting, taxation, audits, internal controls, and MIS reporting.
Details regarding the appointment are summarized below:
| Appointment Detail | Information |
|---|---|
| Appointee Name | Mr. Praveen Jangid |
| Designation | Chief Financial Officer (CFO) |
| Date of Appointment | June 29, 2026 |
| Experience Profile | Nearly 10 years in financial reporting and operations |
The appointment is compliant with the relevant provisions of the Companies Act, 2013.
Stock Price Movement
As of 13:33, shares of Banas Finance Ltd. are holding steady at ₹7.03, showing zero change today. The stock remains within a tight intraday range after touching highs of ₹7.25 and lows of ₹6.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.