Who is Praveen Jangid?

Praveen Jangid has nearly a decade of experience in financial reporting, taxation, audits, and cash flow management. He will take over as CFO of Banas Finance on June 29, 2026.

Why did the previous CFO leave?

Amit Mehta resigned as CFO, and his resignation was disclosed earlier. The board appointed Jangid to fill the vacancy.

Is this appointment material for the company?

No. It is a routine governance move expected to carry little surprise. The new CFO's experience is standard for a company of Banas Finance's size.

Finance - NBFC · Micro cap

Banas Finance appoints Praveen Jangid as CFO

The nano-cap NBFC fills a key vacancy after former CFO Amit Mehta resigned. Jangid brings a decade of experience in financial reporting and compliance.

BANASFN By Tipsheet Editorial 29 Jun 2026 · 1:25 PM IST Verify on BSE · NSE

Mkt cap₹63.15 cr

P/E5.58×

ROE0.00%

Debt / eq.0.00

₹63 cr Market capitalisation of Banas Finance

What's new

Praveen Jangid appointed CFO effective June 29, 2026
Jangid has nearly 10 years of experience in financial reporting, taxation, audits, and cash flow management
Appointment follows the previously disclosed resignation of former CFO Amit Mehta

Why this matters

The appointment is a routine governance step filling a vacant post. For a ₹63 cr nano-cap NBFC, the new CFO's profile is standard and does not signal any strategic shift or financial reorientation.

What we're watching

Any changes in financial disclosures or compliance under the new CFO
Whether the company announces any capital-raising or new business lines

The full read

Banas Finance has appointed Praveen Jangid as its new CFO, effective June 29, 2026, after the earlier resignation of Amit Mehta. Jangid brings 10 years of experience in financial reporting and compliance. For a ₹63 cr nano-cap NBFC, this is a routine fill of a vacated post—nothing to suggest a change in strategy or outlook.

Questions answered

Who is Praveen Jangid?: Praveen Jangid has nearly a decade of experience in financial reporting, taxation, audits, and cash flow management. He will take over as CFO of Banas Finance on June 29, 2026.
Why did the previous CFO leave?: Amit Mehta resigned as CFO, and his resignation was disclosed earlier. The board appointed Jangid to fill the vacancy.
Is this appointment material for the company?: No. It is a routine governance move expected to carry little surprise. The new CFO's experience is standard for a company of Banas Finance's size.

Mentioned: Praveen Jangid · Amit Mehta

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Banas Finance Ltd.

NBFC

₹63 cr

P/E 5.59×

Latest quarter · Mar 2026

Total income₹21 cr

Net profit₹5 cr

Net margin+23.7%

EPS₹0.76

Leverage & growth

Debt / equity0.00×

Sales CAGR+24.5%