Intimation for resignation of Director of the Company

November 11, 2026 To, To, BSE Limited (“BSE”) National Stock Exchange of India Limited (“NSE”) Phiroze Jeejeebhoy Towers, The Listing Department, Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai- 400001 Bandra (East), Mumbai – 400051 BSE Scrip Code: 543712 NSE Symbol: AFSL Dear Sir/Madam, Subject : Outcome of the Board Meeting held on November 11, 2026 – Other Matters Ref : Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Board of Directors of the Company at its meeting held today i.e. Wednesday, November 11, 2026, has, inter-alia, considered, approved and noted the following: 1. Mr. Chintan Natwarlal Mehta (DIN: 10375218) has resigned from the position of Whole-Time Director & Chief Executive Officer of the Company vide his resignation letter dated November 11, 2026, with immediate effect and has consequently ceased to be a member of all the Committees of the Board of the Company. The details required to be disclosed under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are provided in Annexure A. Consequently, he has also ceased to be an authorized person under Regulation 30(5) of the SEBI LODR Regulations. Accordingly, the revised list of KMPs is enclosed as Annexure C. Further, Mr. Mehta has confirmed that there is no material reason for his resignation. A copy of the resignation letter received from Mr. Mehta is enclosed herewith. 2. Appointment of Mr. Mayank Mahesh Mundhra (DIN: 12015417) as an Additional Director in the capacity of Whole-Time Director of the Company, liable to retire by rotation, based on the recommendation of the Nomination, Remuneration & Compensation Committee of the Company, subject to the approval of the shareholders of the Company at the next general meeting or within a period of three months from the date of appointment, whichever is earlier, with effect from November 11, 2026. Further, prior to the said appointment, he was a Senior Management Personnel (‘SMP’). Consequently, he has ceased to be a SMP of the Company with effect from the said date. The details required to be disclosed under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are provided in Annexure 3. Incorporation of a subsidiary/ step-down subsidiary of the Company. The detailed disclosure as required under SEBI LODR Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 in this regard is enclosed as Annexure D. The Meeting of the Board of Directors of the Company commenced at 06:45 P.M. (IST) and concluded at 07:40 P.M. (IST). Further, please note that in terms of the Company’s Code of Conduct to Regulate, Monitor and Report Trading by Insiders and Designated Persons and in accordance with the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the Trading window for dealing in the securities of the Company shall remain closed until 48 hours from this announcement. The same is being communicated to all designated persons. Abans Financial Services Limited (Formerly known as Abans Holdings Limited) Regd. Office: 13A/B/C, 1st Floor, Mittal Chambers, Barrister Rajni Patel Marg, Nariman Point, Mumbai – 400021 CIN: L74900MH2009PLC231660 ☎: +91 22 61790000 📠: 022 61790010 ✉: compliance@abansfinserv.com 🌐: www.abansfinserv.com The above information is available on the website of the Company i.e. www.abansfinserv.com We request you to take the same on record. For Abans Financial Services Limited (Formerly known as Abans Holdings Limited) Bhargavi Halapeti Company Secretary & Compliance Officer Membership No.: ACS 23955 Encl: a/a Abans Financial Services Limited (Formerly known as Abans Holdings Limited) Regd. Office: 13A/B/C, 1st Floor, Mittal Chambers, Barrister Rajni Patel Marg, Nariman Point, Mumbai – 400021 CIN: L74900MH2009PLC231660 ☎: +91 22 61790000 📠: 022 61790010 ✉: compliance@abansfinserv.com 🌐: www.abansfinserv.com ANNEXURE A Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with sub-paras 7 and 7C of Para A of Part A of Schedule III and other applicable provisions of the SEBI LODR Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Cessation of Mr. Chintan Natwarlal Mehta as Whole-Time Director & Chief Executive Officer Sr. Particulars Details 1. Name of the Director/ Key Mr. Chintan Natwarlal Mehta managerial personnel (KMP) (DIN: 10375218) 2. Reason for change viz. He has tendered his resignation from the position of appointment, re-appointment, Whole-Time Director and Chief Executive Officer of resignation, removal, death or the Company with a request to be relieved of the otherwise duties with immediate effect. 3. Date of cessation November 11, 2026, with immediate effect 4. Brief Profile (in case of Not Applicable appointment) 5. Disclosure of relationship Not Applicable between Directors (in case of appointment of a director) 6. Confirmation in compliance with Not Applicable SEBI Letter dated June 14, 2018 read along with Exchange Circular dated June 20, 2018 Abans Financial Services Limited (Formerly known as Abans Holdings Limited) Regd. Office: 13A/B/C, 1st Floor, Mittal Chambers, Barrister Rajni Patel Marg, Nariman Point, Mumbai – 400021 CIN: L74900MH2009PLC231660 ☎: +91 22 61790000 📠: 022 61790010 ✉: compliance@abansfinserv.com 🌐: www.abansfinserv.com ANNEXURE B Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with sub-para 7 of Para A of Part A of Schedule III and other applicable provisions of the SEBI LODR Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Appointment of Mr. Mayank Mundhra as an Additional Director in the capacity of Whole- Time Director Sr. Particulars Details 1. Name of the Director/ Key Mr. Mayank Mahesh Mundhra managerial personnel (KMP) (DIN: 12015417) 2. Reason for change viz. Appointment as an Additional Director in the capacity appointment, re-appointment, of Whole-Time Director resignation, removal, death or otherwise 3. Date of appointment and term of November 11, 2026 appointment Term of appointment: Appointed as an Additional Director in the capacity of Whole-Time Director, liable to retire by rotation, subject to the approval of the shareholders at the next general meeting or within a period of three months from the date of appointment, whichever is earlier, in terms of Regulation 17(1C) of the SEBI LODR Regulations. 4. Brief Profile (in case of Mr. Mundhra holds a Master of Management Studies appointment) (MMS) in Finance and a Bachelor’s degree in Engineering (EXTC) from the University of Mumbai. He also holds a Financial Risk Manager (FRM) certification from GARP. With over 14 years of experience at industry-leading firms, Mr. Mundhra is a seasoned professional in the risk management domain. 5. Disclosure of relationship Mr. Mundhra is not related to any of the Directors of between Directors (in case of the Company. appointment of a director) 6. Confirmation in compliance with Mr. Mundhra is not debarred from holding the office SEBI Letter dated June 14, 2018 of a Director by virtue of any SEBI Order or any other read along with Exchange authority. Circular dated June 20, 2018 Abans Financial Services Limited (Formerly known as Abans Holdings Limited) Regd. Office: 13A/B/C, 1st Floor, Mittal Chambers, Barrister Rajni Patel Marg, Nariman Point, Mumbai – 400021 CIN: L74900MH2009PLC231660 ☎: +91 22 61790000 📠: 022 61790010 ✉: compliance@abansfinserv.com 🌐: www.abansfinserv.com ANNEXURE C The revised list of Key Managerial Personnel (“KMPs”) who have been authorized by the Board of Directors of the Company w.e.f. November 11, 2026, for the purpose [Showing first 8,000 characters — download PDF for full document]