NBIFIN Clarifies Financial Results Signing Post Director's Demise
N. B. I. Industrial Finance Company Limited clarified that its financial results for the quarter ended June 30, 2026, were signed by Shri Bankat Lal Gaggar, authorized by the board, following the demise of Chairman Shri Ashok Bhandari on August 03, 2026. A board meeting on August 11, 2026, authorized the signing.
This is a procedural clarification related to the signing of financial documents following a director's demise, with no immediate impact on the company's financial performance or operations.
The announcement is a routine clarification regarding the signing of financial results due to the unfortunate passing of a director, with no direct financial or operational implications reported.
N. B. I. Industrial Finance Company Limited has provided a clarification to the National Stock Exchange of India Ltd. regarding the signing of its financial results for the quarter ended June 30, 2026. The company explained that Shri Ashok Bhandari, Chairman and Non-Executive Director, passed away on August 03, 2026.
Following his demise, the Board of Directors convened a meeting on August 11, 2026. During this meeting, Shri Bankat Lal Gaggar was elected as the Chairman of the meeting and was duly authorized to sign the financial results for the specified quarter. Consequently, the quarterly financial results were signed by Shri Bankat Lal Gaggar with the board's authority.
The company attached the NSE acknowledgement regarding the intimation of Shri Ashok Bhandari's sad demise, which was submitted on August 03, 2026. This clarification is provided in full compliance with the exchange's requirement.
A plain-language summary of a public exchange filing by N. B. I. Industrial Finance Company Limited. Read the original for the full detail.