News

Aavas Financiers Limited announced the appointment of Manu Yeshpal Singh as Managing Director & Chief Executive Officer, effective September 19, 2026, for a period of five years, succeeding his role as Chief Executive Officer. The company also appointed Sanjeev Srinivasan as an Additional Non-Executive Nominee Director, nominated by Aquilo House Pte. Ltd., for a five-year term, while Mr. Anant Jain resigned from his position as Non-Executive Nominee Director, effective September 18, 2026. All appointments are subject to shareholder approval and received prior approval from the Reserve Bank of India.

Aavas Financiers Limited announced that Nikhil Omprakash Gahrotra and Neha Sureka were re-appointed as Non-Executive Nominee Directors, while Sachinderpalsingh Jitendrasingh Bhinder’s remuneration was ratified. The company also appointed Vivek Anant Karve and Vellur Gopalaraghavan Kannan as Independent Directors. Additionally, the board authorized the issuance of Listed/Unlisted Non-convertible Debentures up to a total amount of Rs 9,000 crore over the next year.

Aavas Financiers Limited announced that its Executive Committee of the Board of Directors has approved the allotment of 10,000 Senior, Secured, Rated, Listed, Transferable, Redeemable NCDs, with a face value of Rs 1,00,000 each, aggregating to Rs 100,00,00,000, on a private placement basis. The NCDs, maturing on September 11, 2031, carry an initial coupon rate of 7.60% per annum payable quarterly and are proposed to be listed on the Wholesale Debt Market of the BSE Limited.

Aavas Financiers Limited announced that its Nomination and Remuneration Committee approved the allotment of 4,301 equity shares of Rs 10 each, pursuant to the exercise of Employee Stock Options under the Performance Stock Option Plan -2023 (“PSOP -2023”) and Performance Stock Option Plan -2024 (“PSOP -2024”) schemes, increasing the company`s paid-up equity share capital from Rs 79,29,00,260 to Rs 79,29,43,270.

Aavas Financiers announced the appointment of Vellur Gopalaraghavan Kannan (DIN: 03443982) as an Additional Director in the capacity of Non Executive Independent Director, effective 01 August 2026. Kannan has also been appointed as Chairperson of the Board, effective 01 August 2026, for a period of one year.