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NBIFIN Proposes Business Expansion and Appoints Hari Mohan & Prashant Bangur to Board
N. B. I. Industrial Finance Co. Ltd. is seeking shareholder approval via postal ballot to significantly expand its business objects beyond traditional finance. The company intends to diversify into trading commodities, merchandise, and information technology services. Key leadership changes include the appointment of Mr. Hari Mohan Bangur and Mr. Prashant Bangur as Non-Executive Directors. The authorized share capital is confirmed at ₹10.35 crore, with the e-voting period concluding on March 4, 2026.
Key Highlights
Expansion of Memorandum of Association to include trading in commodities, IT services, and software development.
Appointment of Mr. Hari Mohan Bangur and Mr. Prashant Bangur as Non-Executive Non-Independent Directors.
Authorized Share Capital defined at ₹10.35 crore, divided into 2.07 crore equity shares of ₹5 each.
E-voting period scheduled from February 3, 2026, to March 4, 2026.
💼 Action for Investors
Investors should monitor the company's transition into diversified trading and IT sectors as it moves away from a pure investment firm model. The induction of the Bangur family members into the board suggests a strategic shift that could drive future growth.
NBIFIN Appoints Shree Cement Promoters to Board and Diversifies Business Objects
N. B. I. Industrial Finance (NBIFIN) has appointed Mr. Hari Mohan Bangur and Mr. Prashant Bangur, prominent leaders from Shree Cement, as Additional Directors. The company is significantly expanding its business scope via MOA amendments to include commodities trading, IT services, and data processing. The authorized share capital is established at ₹10.35 crore, divided into 2.07 crore shares of ₹5 each. These changes, along with the Q3 FY26 results approval, signal a potential strategic pivot for the investment firm.
Key Highlights
Appointment of Shree Cement's Hari Mohan Bangur and Prashant Bangur to the Board of Directors.
MOA amended to allow entry into IT services, e-commerce, and diverse commodity trading across India and abroad.
Authorised Share Capital defined as ₹10.35 crore, consisting of 2.07 crore equity shares at ₹5 each.
Resignation of Non-Executive Director Ms. Riya Puja Jain effective January 27, 2026.
Board approved Unaudited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025.
💼 Action for Investors
The entry of top-tier leadership from Shree Cement is a major positive signal; investors should monitor the company's execution in its newly added business verticals like IT and commodities.
NBIFIN Appoints Shree Cement's Hari Mohan Bangur to Board; Proposes Major Business Expansion
N. B. I. Industrial Finance Company Limited (NBIFIN) has appointed Hari Mohan Bangur and Prashant Bangur, the top leadership of Shree Cement, as Non-Executive Directors effective January 27, 2026. The company is also seeking to significantly expand its business objects to include commodity trading, IT services, and real estate development. These strategic board changes coincide with the approval of Q3 FY26 financial results and the resignation of director Riya Puja Jain. The authorized share capital is confirmed at ₹10.35 crore divided into 2.07 crore equity shares of ₹5 each.
Key Highlights
Appointment of Hari Mohan Bangur (Chairman, Shree Cement) and Prashant Bangur as Non-Executive Directors.
Proposed amendment to Memorandum of Association to include trading in commodities, IT services, and real estate.
Authorized Share Capital maintained at ₹10.35 Crore with a face value of ₹5 per share.
Resignation of Non-Executive Director Riya Puja Jain effective January 27, 2026, due to personal reasons.
Board approval of Unaudited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025.
💼 Action for Investors
Investors should view the entry of the Bangur family into the board as a positive signal for corporate governance and potential strategic redirection. Monitor upcoming shareholder meetings for the approval of new business lines which could diversify the company's revenue streams.
NBIFIN Appoints Shree Cement Leaders to Board; Proposes Major Business Object Expansion
N. B. I. Industrial Finance (NBIFIN) has announced the appointment of Mr. Hari Mohan Bangur and Mr. Prashant Bangur, top leaders from Shree Cement, to its board as Additional Directors. The company is also proposing extensive amendments to its Memorandum of Association to significantly broaden its business scope into IT services, e-commerce, and global commodity trading. These changes, alongside the approval of Q3 FY26 financial results, signal a potential strategic pivot for the firm. Additionally, director Ms. Riya Puja Jain has resigned from the board effective January 27, 2026.
Key Highlights
Appointment of Mr. Hari Mohan Bangur (Shree Cement Chairman) and Mr. Prashant Bangur as Non-Executive Directors.
Proposed MOA expansion to include IT services, software development, and international trading of diverse commodities.
Authorised Share Capital defined at ₹10.35 Crore divided into 2.07 Crore equity shares of ₹5 each.
Resignation of Ms. Riya Puja Jain as Non-Executive Director effective January 27, 2026.
Approval of standalone and consolidated financial results for the quarter ended December 31, 2025.
💼 Action for Investors
Investors should view the entry of high-profile leadership from the Bangur family as a strong positive signal and monitor the company's transition into new business verticals. Watch for shareholder approval of the MOA changes as it will define the company's future growth trajectory.