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Banas Finance Ltd.

BSE: 509053 Sector: Financials
NSE: N.A. ISIN Code: INE521L01030
BSE 00:00 | 06 Oct 17.35 0.05
(0.29%)
OPEN

17.10

HIGH

17.85

LOW

16.85

NSE 05:30 | 01 Jan Banas Finance Ltd
OPEN 17.10
PREVIOUS CLOSE 17.30
VOLUME 295201
52-Week high 124.84
52-Week low 8.35
P/E 9.38
Mkt Cap.(Rs cr) 83
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 17.10
CLOSE 17.30
VOLUME 295201
52-Week high 124.84
52-Week low 8.35
P/E 9.38
Mkt Cap.(Rs cr) 83
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Banas Finance Ltd. (BANASFINANCE) - Chairman Speech

Company chairman speech

I am pleased to share with you the agenda to the Annual General Meeting of Shareholders(AGM) of Banas Finance Limited scheduled for 30th September 2021. Due to theongoing uncertainties arising from the COVID-19 pandemic we cannot conduct the AGM inperson.

We regret that we will not have the opportunity for direct interaction but I hope tosee you at our AGM in 2022. As we will not meet I would like to take this opportunity toshare some of the key developments in 2020-21 and a note on our focus for 2021 andbeyond. As we look back on 2020 the year came with many surprises and challenges for allof us. The pandemic impacted the entire world including both public and private sectororganizations. We worked to mitigate negative financial consequences and were able tomaintain business continuity while protecting the health and wellbeing of our employeeswhich is a priority for our business.

Despite the challenges of the previous year we are pleased to confirm a positivefinancial result. In 2020-2021 Banas reported consolidated total revenue of Rs.144698909 including other income. During the year under review Company has generatedConsolidated total Comprehensive income of Rs. 117806892 as compared to Previous year.The profit of the Company clearly reflects the benefit of the Merger of three companieswith Banas Finance Limited.

I am pleased to inform you that your company has completed all formalities post mergerof three listed entities with the company (Banas Finance Limited) and has allotted14272730 Equity Shares pursuant to Scheme of Amalgamation of Proaim EnterprisesLimited Axon Ventures Limited Rockon Enterprises Limited with Banas Finance Limited. Thenew securities of Banas Finance Ltd Under the Scrip Code: 509053 are listed and permittedfor trading on the Exchange with effect from Friday March 12 2021.

At this important milestone for the company and on behalf of the Board I would like toexpress my gratitude to all our shareholders employees partners and clients for theircontinuing trust and confidence. It has been a thrilling year and we are more than readyto go further on this journey together.

Yours Sincerely Giriraj Kishor Agarwal

Chairman

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