Abans Holdings Limited announced that the board of directors of the company at its meeting held on February 14, 2023, has approved the appointment of Mr. Parmod Kumar Nagpal and Mr. Apoorva Vora as Additional Directors (Non-Executive & Independent) on the Board of the Company as recommended by the Nomination & Remuneration Committee. Mr. Parmod Kumar Nagpal appointed as an Additional Director (Non-Executive & Independent) and recommended to be appointed as Independent Director at the upcoming annual general meeting of the company or within a period of three months from the date of appointment, whichever is earlier for a first term of five years with effect from February 14, 2023. Mr. Nagpal is a Commerce graduate, holds a Master's degree in Business Administration and Bachelor in Law with Banking, Insurance and Securities Law.

He has worked with Securities Exchange Board of India (SEBI) for about 31 years since May 1989 and was Chief General Manager for 6 years and Executive Director for almost 13 years, before retirement in December 2019. He has worked in all operational Departments of SEBI- Corporate Finance, Market Regulation, Mutual Funds, Venture Capital Funds, Market Intermediaries, Investigation and Foreign Portfolio Investors. He was involved in policy formulation and implementation of Regulations, Registration and Supervision of Market Intermediaries, inspection of Stock Exchanges and Market Intermediaries, investigation of market manipulation and insider trading, Takeovers, [POs, compliance of listing requirements by the companies, corporate governance, etc.

He was a Chief Vigilance Officer of SEBI and was also in-charge of Internal Inspections Department, HRD, Finance and Audit, Establishment, Premises and Internal Security and acted as Disciplinary Authority. He was a Chairperson of Committees of International Organization of Securities Commissions (IOSCO) on Issuer Accounting, Audit and Disclosures, comprising of 33 countries. Mr. Apoorva Vora appointed as an Additional Director (Non-Executive, Independent) and recommended to be appointed as Independent Director at the upcoming annual general meeting of the company or within a period of three months from the date of appointment, whichever is earlier for a first term of five years with effect from February 14, 2023.

Mr. Vora is a Commerce & Law graduate, and holds a Master's degree in Business Administration (Marketing) and PG Diploma in Computer Science and Taxation Law. He has a rich professional experience & vast exposure spans across Information Technology (about 10 years) and Financial Services and Startups (little over 25 years running) in various capacities. He is currently active as the Founder & CEO of Finolutions LLP.

Also active as a Founder of Finvolve Ventures Private Limited, a Joint Venture with India Accelerator based out of Delhi. It is a platform enabling investors to participate in Startups through a B2B technology platform.