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Abans Holdings Limited is pleased to announce the appointment of Mr. PK Nagpal as an Additional Director (Non-Executive & Independent). 

Mr. Nagpal, Retd. Executive Director, SEBI has a vast experience in securities markets. He worked in all operational Departments of SEBI. He was involved in policy formulation and implementation of Regulations, Registration, Supervision and inspection of Market Intermediaries and Stock Exchanges, investigation of market manipulation and insider trading, Takeovers, IPOs, compliance of listing requirements, corporate governance and quasi-judicial functions.

Mr. Nagpal has also served as the Chairperson of Committees of International Organization of Securities Commissions (IOSCO) on Issuer Accounting, Audit, and Disclosures, comprising of 33 countries. He was also the Chairperson of a standing committee of financial sector regulators on credit rating agencies.

Mr. Nagpal has been in practice as an Advocate in financial sector after his retirement.

Mr. Abhishek Bhansal, Managing Director, Abans Holdings Limited, said, "We are pleased to share that Mr. Nagpal has joined our board as an Independent Director. His vast experience in the securities industry and deep knowledge of policy formulation and implementation of regulations will be invaluable to Abans as we continue to grow and expand our business."

The company recently announced a renewed our focus on asset management business and will be making significant investments to enhance this business vertical. The growth would be driven by expanding the AUM through a distribution network and offering MLD (market linked debentures), offshore investments and other investment products. The company reported consolidated revenue of INR 591.17 Crores, representing a remarkable annualised growth of 21.97% YoY.

Detailed results are available at: https://bit.ly/3ZaOh3x

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