Whalesbook
Abans Financial Services Ltd announced significant leadership changes and operational updates on May 15, 2026. The company appointed Raghunathan Mudaliar as its new Chief Financial Officer (CFO) and Karan Heda as an Additional Director.
Mudaliar's appointment as CFO is effective May 16, 2026. This follows the resignation of Nirbhay Vassa from his roles as Whole-Time Director and CFO, effective May 15, 2026. Heda's role as Additional Director also became effective on May 15, 2026.
The Board of Directors approved these changes during a meeting held on May 15, 2026. Alongside the new appointments, the company also sanctioned an internal reorganization of senior management roles and responsibilities. Administratively, Abans Financial Services has relocated its registered office to a new location within Mumbai.
These strategic personnel and organizational moves aim to strengthen the company's financial oversight and streamline its operations. The addition of a new director may bring fresh perspectives to the board, while the CFO appointment signals a focus on financial strategy and compliance. The office relocation is an administrative step likely supporting operational efficiency.
M/s. V C Shah & Co. has been appointed as the Internal Auditors for the upcoming Financial Year 2026-27. The company also stated that its trading window for securities will remain closed until 48 hours after this announcement.