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

Banas Finance's board approved key changes, strengthening corporate governance and future flexibility. The company appointed M/s. HRU & Associates as Secretarial Auditor and Mr. Mayank Borana as a Non-executive Independent Director, both for five-year terms. Significantly, the board also approved increasing the authorized share capital from Rs. 103.30 Cr to Rs. 203.30 Cr, comprising 20.33 crore equity shares of Rs. 10 each. This capital expansion, subject to shareholder approval, positions the company for potential future fundraising or strategic growth initiatives.