Abans Financial Services Ltd

AGM details

• 17th AGM scheduled Sept 10, 2026 at 3:00 PM IST via VC/OAVM.

Notice and access

• Notice and Annual Report for FY2025-26 accessible via web link and QR code.
• Emails to members without registered addresses will receive the notices electronically.

Alternate access

• Notice/annual report also available on NSDL, BSE and NSE websites.

Support

• Registrar (Purva Sharegistry) to assist with email/ID updates and queries.

Overview

• Consolidated BRSR for FY2025-26; core activity: financial services.
• Reporting boundary includes Abans Financial Services Ltd and all subsidiaries.
• 13 domestic offices and 4 international locations.
• Serves 7 states domestically and 3 countries internationally.

Key ESG Risks & Opportunities

• Material risks include customer protection, AML/ABAC, data privacy, third‑party risk, and product governance.
• Mitigations: disclosures, grievance handling, AML/KYC, zero‑tolerance bribery, vendor due diligence.
• Opportunities: diversity and inclusion, ethical selling, governance strength, and trust from digitalization.

Governance & Policy Highlights

• Board oversight by Chairman & MD; sustainability committee led by Whole‑Time Director/CEO.
• Policies cover core NGRBC principles; no standalone ABAC policy; vigil mechanism and whistleblower policy.
• RPT policy; annual declarations by directors and KMPs; quarterly NGRBC compliance reviews.
• Assurance: not externally assured this year; internal management reviews reported.

Social Responsibility & Workforce

• Total workforce: 177 (150 male, 27 female).
• Board women: 3 of 29; KMP female: 1 of 8.
• Turnover: 24% overall; 100% PF and gratuity; ESI 8.28%.
• CSR turnover (standalone): Rs 13,91,27,294; beneficiaries include Arogya Seva 600, Anadan 1200, Vastradan 480, Vidya 100.
• Abans Foundation focuses on marginalized communities; parental‑leave return rate: 100% for female permanent staff.

Environmental Performance

• Energy: non‑renewable electricity 470.76 GJ; no reported renewable share.
• GHG emissions: Scope 2 92.84 tCO2e; Scope 1: nil; total intensity 0.00004 per turnover; PPP 0.001.
• Water: 2,124 kilolitres third‑party water; water intensity 0.001 per turnover.
• Waste: operations largely digital; no hazardous waste; no environmental certifications or targets stated.

Stakeholder Engagement & Complaints

• Stakeholders: employees, customers, shareholders/investors, regulators; channels include emails, website, meetings.
• Engagement ongoing; investors: annual/quarterly; customers: ongoing; regulators via filings and consultations.
• Complaints: no material unresolved complaints; NIL data‑privacy/cyber complaints; NIL POSH complaints.

Other Notable Metrics

• Related party transactions: purchases from related parties 38.07% of total purchases; loans to related parties 76% of total loans.
• Sales to related parties 8.71% of total sales; investments to related parties 1.22%.
• CSR (standalone): Rs 13,91,27,294; beneficiaries include 600 (Arogya Seva), 1200 (Anadan), 480 (Vastradan), 100 (Vidya).
• Turnover on CSR activities and other ESG metrics reported; no material cyber incidents.

Financial highlights

• Total Income ₹23,87,915.71 Lakhs (Consolidated).
• Revenue from operations ₹23,87,357.37 Lakhs (Consolidated).
• PBT ₹12,069.50 Lakhs; PAT ₹10,515.86 Lakhs.
• EPS Basic ₹20.78; ROE 8.4%.
• Debt-to-Equity 0.55x; Current Ratio 1.95x.
• Total Equity ₹1,35,166.21 Lakhs; Cash ₹60,810.17 Lakhs.
• Borrowings ₹74,347.25 Lakhs; Net Debt negative ₹55,585.49 Lakhs.
• Total Income growth 627.33% YoY.
• Dividend: Board did not declare any dividend.

Segment performance

• Fees-based investment services revenue ₹19,081.23 Lakhs.
• Principal Investment & Treasury revenue ₹23,66,478.78 Lakhs.
• Lending & Credit Solutions revenue ₹2,205.21 Lakhs.
• Others / unallocable revenue ₹150.49 Lakhs.
• EBIT by segment: Fees ₹10,424.18 Lakhs.
• Treasury EBIT ₹1,088.44 Lakhs.
• Lending EBIT ₹1,237.80 Lakhs.
• Others EBIT ₹113.62 Lakhs.

Capital structure & liquidity

• Total borrowings ₹74,347.25 Lakhs (current ₹70,756.91; non-current ₹3,590.34).
• Cash & cash equivalents ₹60,810.17 Lakhs; Net debt negative ₹55,585.49 Lakhs.
• Total equity ₹1,35,166.21 Lakhs; debt-to-equity 0.55x.
• Consolidated cash flow from operations ₹50,518.17 Lakhs; investing outflow ₹27,841.58 Lakhs.

Governance & board changes

• Nirbhay Vassa resigned as WTD & CFO on 15 May 2026.
• Karan Heda appointed Non-Executive Director on 15 May 2026.
• Hariharan Iyer term as Independent Director ended 6 Aug 2026.
• Naresh Tejwani resigned 6 Aug 2026; no longer Director.
• Raghunathan Mudaliar appointed CFO 16 May 2026.
• ESOP2023 and ESOP2024 granted; 14,98,100 and 2,17,199 options respectively.
• Rights issue: Abans Capital Private Limited rights issue; 327 shares issued.
• Scheme of amalgamation of subs incl. ABSPL; awaiting NCLT sanction.
• NCD delisting: Abans Finance Private Limited NCDs delisted 27 Apr 2026.

Subsidiaries & material subsidiaries

• Material subsidiaries identified: Abans Finance Private Limited; Abans Broking Services Private Limited; Abans Global Limited; Abans Middle East FZCO.
• AFPL, ABSPL, AGL, AMEF designated as Material Subsidiaries per SEBI LODR.
• Total 14 subsidiaries; 4 are material; governance aligned with SEBI LODR.
• Caspian HK Trading Limited struck off w.e.f. 03-04-2025; Mauritius/UK entities expanded.

Dividends & CSR

• Dividend policy approved; no dividend declared for FY2025-26.
• CSR expenditure ₹7,82,237; fully utilised; CSR policy on company site.
• CSR activities: eradication of hunger, poverty, education, healthcare via Abans Foundation.

ESG, governance & audit

• Statutory auditors: M/s C.N.K & Associates LLP; no qualifications; independence confirmed.
• Secretarial auditors: M/s Parikh & Associates; no qualifications; secretarial compliance report.
• Internal audit robust; no material weaknesses reported.
• CSR & ESG governance integrated with risk & compliance frameworks.

Outlook & risks

• FY2026-27 outlook: disciplined expansion, growth in multi-vertical asset management.
• Regulatory dynamics and market volatility require strong risk management and capital discipline.

Director appointment via postal ballot

• Purpose: Ordinary resolution to appoint Mr. Karan Heda as Director (Non-Executive, Non-Independent).
• Outcome: Approved; 99.997% in favour, 0.003% against.
• Votes: 91 in favour, 12 against; no invalid votes.
• Material impact: Adds a board member; governance composition marginally changed.
• Director details: Karan Heda; Directorship type: Non-Executive, Non-Independent.

Director changes

• Cessation of Hariharan Devnarayan Iyer as Independent Director with effect from August 6, 2026.
• Resignation of Naresh Madhu Tejwani from Non-Executive Non-Independent Director effective August 6, 2026.

Trading window / disclosures

• Trading window for dealing in securities will remain closed for 48 hours from the announcement.

Standalone results

• Unaudited Standalone results for quarter ended June 30, 2026 approved; Limited Review Report issued.
• Revenue from operations: 919.49 lakh; Total income: 920.15 lakh; Profit after tax: 1,043.69 lakh.
• ESOP allotment: 180,919 equity shares during quarter.

Consolidated results

• Unaudited Consolidated results for quarter ended June 30, 2026 approved; Limited Review Report issued.
• Total income Rs 371,336.20 lakh; Profit after tax Rs 6,585.33 lakh.
• Total comprehensive income Rs 6,553.26 lakh.
• Earnings per share (consolidated) Basic and Diluted: Rs 12.20.

Regulatory / trading window

• Trading window for dealing in the company’s securities remains closed for 48 hours post announcement.

Board changes

• Hariharan Devnarayan Iyer, Non-Executive Independent Director, ceased on completion of term, Aug 6, 2026.
• Naresh Madhu Tejwani, Non-Executive Non-Independent Director, resigned; no material reasons beyond resignation letter, effective Aug 6, 2026.