Banas Finance Ltd Notifies Resignation of Secretarial Auditor
Banas Finance Ltd has informed stakeholders regarding the resignation of its Secretarial Auditor. M/s HRU & Associates Practicing Company Secretaries, who hold Membership No-46800 and COP No 20259, tendered their resignation with immediate effect on June 12, 2026.The auditor's decision to resign was attributed to other pre-occupations in assignments. The company has stated that there are no concerns raised by the Secretarial Auditor regarding the management of Banas Finance Ltd, and nor is there a material reason for the departure beyond the professional reasons mentioned.
The Board and the Audit Committee will proceed with considering the appointment of new Secretarial Auditors in due course, and details concerning this process will be shared subsequently.
Key details pertaining to the change include:
| Details of Events | Information |
|---|---|
| Name of the Secretarial Auditor | M/s HRU & Associates Practicing Company Secretaries |
| Reason for Change | Resignation due to other pre-occupations in other assignments |
| Date of Resignation | June 12, 2026 |
The company has noted this change and confirmed that necessary actions regarding the replacement will be taken.
Stock Price Movement
Banas Finance Ltd settled at ₹7.03 at the close of trade today, holding steady after trading within an intraday range established between a low of ₹6.94 and a high of ₹7.15.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.
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