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 August 10, 2015, inter alia, has approved the followings:-<BR><BR>1. Re-appointment of M/s. Pravin Chandak & Associates, Chartered Accountants, as the Statutory Auditor of the Company.<BR><BR>2. Re-appointment of Mr. Girraj Kishor Agrawal, as a director who retires by rotation.<BR><BR>3. The board approved the regularization of Ms. Seema Sidhu as a director of the Company.<BR><BR>4. The board approved the regularization of Mr. Jatinkumar Agarrwal as a director of the Company.<BR><BR>5. Approved the related party transaction as per section 188 of the Companies Act, 2013, subject to approval of the members at ensuring AGM.<BR><BR>6. Appointed M/s. A. M. Gohel & Co., Chartered Accountant as a Internal Auditor of the Company.