Banas Finance Ltd — Important, 29-08-2025: Company Update

Banas Finance's board has approved key strategic moves. It appointed M/s. HRU & Associates as Secretarial Auditor for a five-year term. Additionally, Mr. Mayank Borana, a qualified Chartered Accountant with extensive experience in financial reporting and compliance, was appointed as a Non-executive Independent Director for five years. Significantly, the company also approved increasing its authorized share capital from Rs. 103.30 Cr to Rs. 203.30 Cr. This expansion in capital paves the way for future growth initiatives and enhances the company's financial flexibility, subject to shareholder approval, strengthening overall governance.