Abans Financial Services Limited (AFSL)
₹201.12 +0.06% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Abans Financial's revenue was ₹3,713 Cr (+96.0% year on year, -57.4% on the previous quarter), and net profit ₹65.9 Cr (+99.6% year on year); the operating margin was 2.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3,713 | +96.0% | -57.4% |
| Operating profit | ₹99.5 | +95.1% | +522.0% |
| Net profit | ₹65.9 | +99.6% | from loss |
| EPS (₹) | 12.20 | +106.1% | from loss |
| Operating margin | 2.7% | — | — |
AFSL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 70.9% of the AFSL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.2%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.
Delivery in the last 5 sessions: 68.0% · 62.2% · 74.2% · 72.0% · 70.9%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Abans Financial Services Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Issued by registrar Purva Sharegistry (India) Pvt. Ltd., the document covers the quarter ended September 30, 2026. It confirms that share certificates received for dematerialisation were duly processed, verified, and cancelled within prescribed timelines. This is a routine regulatory filing with no material impact on operations or financials.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Covers the dematerialisation period from 01/07/2026 to 30/09/2026
- Issued by Registrar and Share Transfer Agent Purva Sharegistry (India) Pvt. Ltd. on 01/10/2026
- Filing made with BSE and NSE on October 08, 2026
Abans Financial Services Limited has executed a Share Purchase Agreement to acquire 20,70,926 equity shares (6.01% stake) of its subsidiary, Abans Finance Private Limited, from Siddhant Commercials Private Limited. The acquisition is priced at ₹111 per share in cash, resulting in a total consideration of approximately ₹22.99 crore. With this purchase, AFSL's shareholding in Abans Finance increases from 93.97% to 99.98%. Abans Finance reported a turnover of ₹77.84 crore for the financial year ended March 31, 2026.
- Acquired 20,70,926 equity shares representing a 6.01% equity stake in subsidiary Abans Finance Private Limited
- Acquisition price set at ₹111 per share via cash consideration (totaling ~₹22.99 crore)
- Shareholding increases from 93.97% to 99.98% post-acquisition
- Abans Finance reported turnover of ₹77,84,03,249 for the year ended March 31, 2026
Abans Financial Services Limited has issued a revised allotment of 3,75,365 equity shares of face value Rs. 2 each under its ESOP Scheme 2023, modifying its previous intimation dated September 10, 2026. The revision was triggered by an operational issue related to one eligible grantee. Following this allotment, the company's paid-up equity share capital increases to Rs. 10,24,30,248 comprising 5,12,15,124 equity shares. The newly allotted shares will rank pari-passu with the existing equity shares.
- Revised allotment stands at 3,75,365 equity shares of face value Rs. 2 each
- Total paid-up equity share capital increases to Rs. 10,24,30,248
- Total number of issued equity shares stands at 5,12,15,124
- Modifies earlier ESOP allotment intimation dated September 10, 2026
Abans Financial Services Limited has submitted the voting results and Scrutinizer's Report for its 17th Annual General Meeting held on September 10, 2026. A total of 3,69,77,724 votes were polled representing 72.7339% of outstanding shares. All three ordinary resolutions, including the adoption of standalone and consolidated FY26 financial statements and the re-appointment of Director Abhishek Pradeepkumar Bansal, were approved with over 99.95% votes in favor.
- Overall voter turnout was 72.7339% across 3,69,77,724 polled shares out of 5,08,39,759 total shares
- Adoption of FY26 standalone and consolidated financial statements passed with 99.9988% favorable votes
- Re-appointment of Director Abhishek Pradeepkumar Bansal approved with 99.9525% votes in favor
- Meeting was attended via video conferencing by 2 promoter representatives and 57 public shareholders
Abans Financial Services Limited successfully conducted its 17th Annual General Meeting on September 10, 2026, with 59 members attending via video conference. In his address, the Chairman reported that debt-to-equity deleveraged from 0.72x to 0.55x during FY2025-26 while maintaining PAT broadly stable amidst macro headwinds. Key agenda items put to vote included the adoption of standalone and consolidated FY2025-26 financials and the reappointment of Mr. Abhishek Bansal as Director. The statutory and secretarial audit reports were confirmed to be clean and unmodified.
- Balance sheet deleveraged from 0.72x to 0.55x debt-to-equity in FY 2025-26
- A total of 59 members attended the AGM out of 14,024 shareholders as of the September 3, 2026 cut-off
- Clean and unmodified audit opinions issued by statutory auditors CNK & Associates LLP and secretarial auditors Parikh & Associates
- Three ordinary resolutions presented covering FY2025-26 financial statements and director reappointment
Abans Financial Services Limited has allotted 3,77,831 equity shares of face value Rs. 2 each pursuant to its ESOP Scheme 2023 on September 10, 2026. Following this allotment, the paid-up equity share capital increases to Rs. 10,24,35,180 comprising 5,12,17,590 equity shares. The newly issued shares rank pari-passu with existing equity shares. This represents a minor equity expansion of approximately 0.74% of the post-issue share capital.
- Allotment of 3,77,831 equity shares of Rs. 2 each under ESOP Scheme 2023
- Allotment date confirmed as September 10, 2026
- Total paid-up share capital increased to Rs. 10,24,35,180
- Total post-allotment equity shares stand at 5,12,17,590 shares
Abans Financial Services Limited has informed the exchanges regarding a trading plan submitted pursuant to Regulation 5 of SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading plan was submitted by Mr. Jignesh Dinesh Shah, Assistant Vice President and a Designated Person of the company. It has been approved by the Compliance Officer as per the company's Code of Conduct.
- Trading plan submitted pursuant to Regulation 5 of SEBI PIT Regulations, 2015 on September 07, 2026
- Plan submitted by Designated Person Mr. Jignesh Dinesh Shah, Assistant Vice President
- Approved by Compliance Officer Bhargavi Halapeti in compliance with insider trading norms
Abans Financial Services Limited has submitted a trading plan under Regulation 5 of SEBI (PIT) Regulations on behalf of Mr. Jignesh Dinesh Shah (Assistant Vice President, Accounts). The designated person currently holds 12,700 equity shares of the company and plans to sell 9,700 shares. The proposed execution window spans five days from December 28, 2026, to January 1, 2027, complying with the mandatory cooling-off period.
- Designated Person (AVP - Accounts) holds 12,700 equity shares as of application date
- Proposed transaction involves the sale of 9,700 equity shares
- Trading execution window scheduled between December 28, 2026, and January 1, 2027 (5 days)
- Plan submitted on August 24, 2026, adhering to the minimum 120-day advance disclosure requirement
Abans Financial Services Limited has dispatched communications containing web-links and QR codes to access the Annual Report for FY 2025-26 and the Notice of the 17th AGM to shareholders whose email IDs are not registered. The 17th Annual General Meeting is scheduled to be held on Thursday, September 10, 2026, at 3:00 PM IST via Video Conferencing/OAVM. This filing is a procedural compliance under Regulation 36(1)(b) of the SEBI LODR Regulations.
- 17th Annual General Meeting (AGM) scheduled for Thursday, September 10, 2026, at 3:00 PM IST
- Annual Report for financial year 2025-26 made available via web-link and QR code
- Dispatched in compliance with Regulation 36(1)(b) of SEBI LODR Regulations to unregistered email folios
Abans Financial Services Limited has issued the notice for its 17th Annual General Meeting (AGM) scheduled for Thursday, September 10, 2026, at 03:00 p.m. IST via Video Conferencing. The company has also released its Annual Report for the financial year 2025-26 pursuant to SEBI Listing Regulations. The filing includes statutory auditor statements, corporate governance reports, and financial accounts for shareholder review.
- 17th Annual General Meeting scheduled for September 10, 2026, at 03:00 p.m. IST
- AGM to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Dispatched Annual Report and financial statements for FY 2025-26 to eligible shareholders
Shareholders of Abans Financial Services Limited (AFSL) have approved the appointment of Mr. Karan Heda as a Non-Executive, Non-Independent Director via postal ballot. The resolution received overwhelming support, with 99.997% of the 4.59 crore valid votes cast in favor. The voting process concluded on August 09, 2026, with participation from 103 members out of a total shareholder base of 14,264 as of the record date. This is a routine governance update as the company continues its strategy to scale fee-based businesses.
- 99.997% of valid votes (4,59,01,529 shares) were cast in favor of the appointment of Mr. Karan Heda
- Only 0.0025% of votes (1,162 shares) were cast against the resolution by 12 members
- Total of 14,264 shareholders were eligible to vote as of the record date, July 03, 2026
- The remote e-voting period was conducted over 30 days, ending August 09, 2026
- Zero invalid votes were recorded during the scrutiny process
Abans Financial Services Limited (AFSL) reported a significant turnaround in its standalone performance for Q1 FY27, with revenue from operations rising to ₹9.19 Cr from ₹0.76 Cr YoY. Standalone PAT reached ₹10.43 Cr, compared to a loss of ₹1.42 Cr in the same period last year. This profit was substantially boosted by a one-time reversal of ESOP expenses amounting to ₹5.16 Cr following senior management resignations. Additionally, the company is progressing with a major internal restructuring to merge four subsidiaries into Abans Broking Services, currently awaiting NCLT approval.
- Standalone Revenue from operations grew to ₹919.49 lakhs in Q1 FY27 from ₹76.43 lakhs in Q1 FY26.
- Standalone PAT turned positive at ₹1,043.69 lakhs vs a loss of ₹142.74 lakhs in the year-ago quarter.
- Profit was significantly impacted by a ₹516.56 lakhs reversal of ESOP expenses due to senior management exits.
- Group-level other expenses included a net fair value loss of ₹2,095.04 lakhs on investments and derivatives.
- The company allotted 1,80,919 equity shares during the quarter following ESOP exercises.
Abans Financial Services Limited (AFSL) reported a sharp turnaround in standalone performance for Q1 FY27, with revenue from operations rising to ₹9.19 Cr from ₹0.76 Cr in the year-ago period. Standalone PAT reached ₹10.44 Cr, significantly boosted by a reversal of employee benefit expenses. On a consolidated basis, the company reversed ₹5.17 Cr in ESOP expenses following senior management resignations. Additionally, the company is progressing with a major internal merger of four entities into Abans Broking Services, currently pending NCLT Mumbai approval.
- Standalone Revenue from operations grew to ₹919.49 lakhs in Q1 FY27 from ₹76.43 lakhs in Q1 FY26.
- Standalone Profit After Tax (PAT) turned positive at ₹1,043.69 lakhs versus a loss of ₹142.74 lakhs YoY.
- Consolidated ESOP expense reversal of ₹516.56 lakhs recorded due to senior management resignations during the quarter.
- Allotment of 1,80,919 equity shares of face value ₹2 each pursuant to ESOP exercise.
- Internal merger of four entities (Abans Capital, Securities, Commodities, and Clamant Broking) into Abans Broking Services is pending NCLT approval.
Abans Financial Services Limited (AFSL) has reported the departure of two board members effective August 6, 2026. Mr. Hariharan Devnarayan Iyer, a Non-Executive Independent Director, has completed his tenure. Additionally, Mr. Naresh Madhu Tejwani, a Non-Executive Non-Independent Director, has resigned citing changes in the composition of the Board. These changes occur as the company manages an AUM of ₹3,500 crore and pursues a 60% CAGR growth strategy.
- Cessation of 2 Non-Executive Directors effective from the close of business hours on August 6, 2026
- Mr. Hariharan Devnarayan Iyer completed his term as a Non-Executive Independent Director
- Mr. Naresh Madhu Tejwani resigned as a Non-Executive Director citing board composition changes
- Company context indicates a milestone AUM of ₹3,500 crore reached in Q1FY26
- Management continues to target a 60% CAGR through fee-based business expansion
Abans Financial Services Limited (AFSL) has announced the departure of two board members effective August 6, 2026. Mr. Hariharan Devnarayan Iyer, a Non-Executive Independent Director, has completed his term. Additionally, Mr. Naresh Madhu Tejwani, a Non-Executive Non-Independent Director, has resigned citing changes in the composition of the Board. These changes come at a time when the company is scaling its fee-based business and managing an AUM of ₹3,500 crore.
- Cessation of 2 directors effective from the close of business hours on August 6, 2026.
- Mr. Hariharan Devnarayan Iyer completed his term as a Non-Executive Independent Director.
- Mr. Naresh Madhu Tejwani resigned as a Non-Executive Director citing board composition changes.
- Company continues to target a 60% CAGR in high-margin fee-based businesses.
- AUM reached a milestone of ₹3,500 crore in Q1FY26.
Financial Performance
Revenue Growth by Segment
Core revenue grew 28% QoQ to ₹8,536 lakhs in Q1FY26. Fee-based Investment Services grew 31% QoQ to ₹4,476 lakhs, while Principal Investment & Treasury revenue grew 50% QoQ to ₹3,454 lakhs. Lending & Credit Solutions recorded ₹606 lakhs in Q1FY26, showing a historical 18% CAGR despite interest rate moderation.
Geographic Revenue Split
The company operates a global diversified platform with presence in London, Dubai, Mauritius, and GIFT City (IFSC India). While specific percentage splits per region are not disclosed, the global footprint is a key driver for tapping international capital flows and offshore alternatives.
Profitability Margins
Fee-based investment services achieved a high Profit Before Tax (PBT) of ₹102 crores on a top line of ₹165 crores in FY25, representing a 61.8% PBT margin. Net profit for Q1FY26 was ₹32.69 crores, representing a 35% increase QoQ/YoY, driven by high-margin fee-based scaling.
EBITDA Margin
Consolidated EBITDA for Q1FY26 stood at ₹52.8 crores. The company is transitioning to an asset-light, high ROE model where fee income provides a resilient core, allowing for margin expansion as AUM scales without proportionate cost increases.
Capital Expenditure
Not explicitly disclosed in INR Cr, but the company is heavily investing in digital tools, analytics, and AI infrastructure to reduce transaction costs and improve advisor productivity.
Credit Rating & Borrowing
The company maintains a low gearing ratio with high liquidity; net worth is described as highly liquid, with the ability to realize net realizable value within 5 days.
Operational Drivers
Raw Materials
Human Capital (165 permanent employees) and Financial Capital (AUM of ₹3,500 crores). As a financial services firm, these are the primary 'inputs' rather than physical raw materials.
Import Sources
Talent and capital are sourced globally, with specific operational hubs in the UK, UAE, Mauritius, and India (GIFT City).
Key Suppliers
Not applicable as a financial services provider; however, the company utilizes global exchanges including BSE, NSE, MCX, NCDEX, MSE, IBX, and the London/Dubai financial ecosystems.
Capacity Expansion
AUM reached a milestone of ₹3,500 crores in Q1FY26. The company is expanding its 'capacity' by entering merchant banking and launching new products in structured credit and global investments.
Raw Material Costs
Employee benefit expenses are a primary cost; median remuneration increased by 3.50% in FY25. Managerial remuneration for KMPs increased by 3.79% compared to 9.92% for other employees.
Manufacturing Efficiency
Operating leverage is improving as infrastructure for asset management is now 'ready,' allowing incremental AUM to flow to the bottom line at higher margins due to fixed cost stability.
Logistics & Distribution
Distribution and advisory costs are 'front-loaded,' meaning initial setup costs are high but recurring revenue from AUM-linked fees scales efficiently.
Strategic Growth
Expected Growth Rate
60%
Growth Strategy
Scaling high-margin fee-based businesses to a 60% CAGR by expanding AUM, which reached ₹3,500 Cr. Strategy includes entering merchant banking, launching offshore alternatives, and leveraging regulated platforms in the UK and GIFT City to capture international capital flows.
Products & Services
Asset management (AIFs, Mutual Funds), lending and credit solutions, advisory mandates, global arbitrage funds, merchant banking, and proprietary treasury investment strategies.
Brand Portfolio
AFSL (Abans Financial Services Limited), Abans Group.
New Products/Services
Merchant banking services, mutual funds, offshore alternative investment funds, and structured credit products are being launched to drive vertical integration.
Market Expansion
Deepening presence in mid-market India for institutional-grade advisory and expanding global footprint in London and Dubai to tap into international investment flows.
Market Share & Ranking
Not disclosed; company positions itself as a 'boutique institution' and a diversified financial services platform.
Strategic Alliances
Not disclosed by specific partner names, but the company operates through multiple regulated entities and global exchange memberships.
External Factors
Industry Trends
The alternative investment (AIF) space has grown substantially over the last 5 years. AFSL is positioning itself as a global asset manager to capitalize on this shift toward recurring fee-based models and multi-asset access.
Competitive Landscape
Competes with other diversified financial services firms and boutique asset managers in the mid-market and alternative investment space.
Competitive Moat
Moat is built on 'Trust, Access, and Customization.' The company holds a unique combination of local and international licenses (FCA, RBI, SEBI), creating high switching costs and regulatory barriers to entry.
Macro Economic Sensitivity
Highly sensitive to global interest rate cycles and geopolitical stability, which impact the lending book (₹606 lakhs income in Q1FY26) and treasury volatility.
Consumer Behavior
Increasing investor interest in alternative investments and structured credit products is driving demand for AFSL's specialized advisory services.
Geopolitical Risks
Geopolitical tensions and tariff uncertainties are cited as key challenges that create market volatility but also provide arbitrage opportunities.
Regulatory & Governance
Industry Regulations
Operations are governed by SEBI, RBI, and the Financial Conduct Authority (UK). Adherence to these standards is critical for maintaining global market connectivity.
Environmental Compliance
Not a primary focus for financial services; ESG is mentioned under corporate responsibility and sustainable value creation.
Taxation Policy Impact
Tax expense for Q1FY26 was approximately ₹122 lakhs to ₹520 lakhs across different reporting periods/segments shown in the financial tables.
Legal Contingencies
BSE and NSE levied a fine (amount not specified) for non-disclosure of the Dividend Distribution Policy in the Annual Report under Regulation 43A. The company has since paid the fine.
Risk Analysis
Key Uncertainties
Geopolitical developments causing asset class volatility (commodity/currency) and regulatory changes across multiple jurisdictions could impact operational continuity.
Geographic Concentration Risk
Diversified across India, UK, UAE, and Mauritius, reducing reliance on any single domestic market.
Third Party Dependencies
Dependent on global financial exchanges (BSE, NSE, MCX, etc.) for execution and liquidity.
Technology Obsolescence Risk
Mitigated by an 'unwavering' commitment to becoming a technology-driven institution and investing in AI and digital tools.
Credit & Counterparty Risk
Lending business shows an 18% CAGR with 'negligible delinquency,' indicating high receivables quality and prudent credit solutions.
