Banas Finance Limited has made a regulatory disclosure regarding the appointment of a new Chief Financial Officer (CFO).
Key Appointment Details
The Board of Directors of Banas Finance Limited, in their Board Meeting held on June 29, 2026, considered and approved the appointment of Mr. Praveen Jangid as Chief Financial Officer (CFO) of the Company. The appointment is effective from June 29, 2026.
The appointment was made based on the recommendation of the Nomination and Remuneration Committee and is in accordance with provisions of Section 203 of the Companies Act, 2013 and SEBI Listing Regulations.
CFO Profile
Mr. Praveen Jangid is a finance professional with almost 10 years of experience in financial reporting, budgeting, taxation, audits, MIS reporting, internal controls, and financial planning. He has proven expertise in managing end-to-end accounting operations, statutory compliance, financial consolidations and cash flow management.
Additional Information
The disclosure confirms that there are no relationships between directors requiring disclosure (as this is not a director appointment). Information required pursuant to BSE Circular No. LIST/COMP/14/2018-19 is not applicable.