BANAS FINANCE LTD. - Outcome of Board Meeting

Banas Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 03, 2014, inter alia, has discussed and approved the following :<br/><br/>1. Re-appointment of Mr. Girraj Kishor Agrawal, who retires by rotation and being eligible, offers himself for re-appointment.<br/><br/>2. Re-appointment of M/s. Pravin Chandak and Associates, Chartered Accountants, as the statutory Auditor of the Company.<br/><br/>3. Regularized the appointment of Mrs. Madhu Rajkumar Goel as a Director of the Company.<br/><br/>4. Appointed Mr. Dauji Ladoo Chaturvedi, as an Additional Director of the Company.<br/><br/>5. Appointed Mr. Shaival Gandhi, as an Additional Director of the Company.<br/><br/>6. Appointed Mr. Amit Gulecha, as the Managing Director of the Company for the period of five years on Board.<br/><br/>7. Approved the resignation of Mrs. Tanu Agarwal as Director from the Board.