Banas Finance Limited has issued notice for its 43rd Annual General Meeting (AGM) to be held on Thursday, 24th September, 2026 at 02:00 PM IST through Video Conferencing/Other Audio Visual Means in accordance with MCA Circulars dated September 22, 2025, April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, December 8, 2021, December 14, 2021, May 5, 2022, December 28, 2022, September 25, 2023 and September 19, 2024. The deemed venue for the AGM is the registered office of the Company at E-109 Crystal Plaza, New Link Road, Opp. Infinity Mall, Andheri (West), Mumbai–400053.

Ordinary Business

1. Adoption of Audited Financial Statements

  • To consider and adopt the Standalone Audited Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors
  • To consider and adopt the Consolidated Audited Financial Statements for FY ended March 31, 2026 with report of Auditors
  • Authorization to file necessary forms with ROC

2. Re-appointment of Director

  • Re-appointment of Mr. Girraj Kishor Agrawal (DIN: 00290959) who retires by rotation under Section 152(6) of Companies Act, 2013
  • Mr. Agrawal holds 26,90,966 shares in the company as of March 31, 2026

Special Business

3. Appointment of Secretarial Auditor

  • Appointment of M/s. Jay Bhatt & Associates (Membership No. 46916, COP No. 28320) as Secretarial Auditor for 5 consecutive years from conclusion of 43rd AGM till conclusion of 48th AGM in FY 2030-31
  • Remuneration to be fixed by Board of Directors plus GST reimbursement and out-of-pocket expenses
  • Based on recommendation of Audit Committee and Board of Directors
  • Compliance with Section 204(1) of Companies Act, 2013, Rule 9 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and Regulation 24A of SEBI LODR Regulations

4. Re-appointment of Independent Director

  • Re-appointment of Mr. Vikash Kulhriya (DIN: 09014921) as Independent Director for second term of 5 years from September 30, 2026 to September 29, 2031
  • First term ends on September 29, 2026
  • Not liable to retire by rotation
  • Based on recommendation of Nomination and Remuneration Committee and Board
  • Compliance with Sections 149, 150, 152 read with Schedule IV of Companies Act, 2013

5. Approval for Related Party Transactions

  • Approval for related party transactions with specified entities up to ₹5.90 Crores with each related party during September 30, 2026 to September 30, 2027
  • Related parties include: M/s. Tilak Ventures Limited, M/s. Handful Investrade Pvt Ltd, M/s. Kayaguru Jewels Limited (Formerly M/s Hunnar Jewels Limited), Mr. Girraj Kishor Agrawal, M/s. Girraj Kishor Agrawal HUF, Mrs. Tanu Agrawal, Mr. Kushagra Agrawal, Stoneking Infrastructure Aggregates Private Limited and Tilak Jewels Limited
  • Nature of transactions includes sale/purchase of goods, materials, assets; selling/buying property; leasing; availing/rendering services; appointment of agents; appointment to office of profit
  • Compliance with Regulation 23 of SEBI LODR Regulations and Section 188 of Companies Act, 2013

Additional Information

  • Register of Members and Transfer Book will remain closed from September 18, 2026 to September 24, 2026 (both days inclusive)
  • Remote e-voting period: September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM)
  • Cut-off date for voting rights: September 17, 2026
  • NSDL appointed as e-voting agency
  • Mr. Jay Bhatt appointed as Scrutinizer for e-voting process
  • Annual Report available on company website: https://banasfinance.wordpress.com
  • Registrar and Share Transfer Agent: Purva Sharegistry (India) Pvt. Ltd.