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Aavas Financiers announced that its board of directors has approved the appointment of Manu Singh as Managing Director & CEO subject to the Reserve Bank of India approval, with effect from 21 April 2026.Manu Singh will join Aavas from Kotak Mahindra Bank, where he served as President - Business Head, Housing Finance, overseeing its home loans business. He brings more than 25 years of experience across Kotak Mahindra Bank, Tata Capital and ICICI Bank, with a track record of scaling retail lending businesses across markets. His career spans sourcing, credit, operations and collections, with deep experience in operating within regulated environments and a strong focus on risk management, governance and execution discipline.The appointment of Mr. Manu Singh as the Managing Director of the Company will be effective upon the date of receipt of approval from the Reserve Bank of India and approval of the shareholders of the Company.

The board of AAVAS Financiers at its meeting held on 20 April 2026 has approved the following change in directorate:1. Taken note of, and accepted, the resignation of Sachinderpalsingh Jitendrasingh Bhinder (DIN:08697657) from the position of Managing Director & Chief Executive Officer of the Company, with effect from close of business hours on 20 April 2026.2. Approved the appointment of Manu Yeshpal Singh as the Managing Director (subject to receipt of approval from the Reserve Bank of India and approval of the shareholders of the Company) & Chief Executive Officer of the Company, with effect from 21 April 2026.

AAVAS Financiers has allotted 90,867 equity shares under ESOP on 24 March 2026. With this allotment, the paid up equity share capital has increased to Rs. 79,28,27,430 consisting of 7,92,82,743 equity shares having a face value of Rs.10/- each.Powered by Capital Market - Live News

AAVAS Financiers announced that SES ESG Research has assigned an Environmental, Social, and Governance (ESG) Score of 77.7 (Medium) to the Company. Powered by Capital Market - Live News

Net profit of AAVAS Financiers rose 16.14% to Rs 170.05 crore in the quarter ended December 2025 as against Rs 146.42 crore during the previous quarter ended December 2024. Sales rose 12.98% to Rs 674.20 crore in the quarter ended December 2025 as against Rs 596.74 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales674.20596.74 13 OPM %74.8376.27 - PBDT230.43197.61 17 PBT219.32188.39 16 NP170.05146.42 16 Powered by Capital Market - Live News