Aavas Financiers Ltd

The appointment will be effective from April 21, following receipt of necessary regulatory and shareholder approvals. The decision was taken by the Board of Directors after a structured succession planning process aimed at ensuring leadership continuity and strengthening governance as the company enters its next phase of growth. Singh joins Aavas from Kotak Mahindra Bank, where he served as President ' Business Head, Housing Finance, overseeing the home loans business. He brings over 25 years of experience across Kotak Mahindra Bank, Tata Capital and ICICI Bank, with expertise in retail lending, credit, operations, and collections. His career has focused on scaling lending businesses in regulated environments, with emphasis on risk management, governance, and execution. The company reiterated its focus on disciplined growth in the affordable housing finance segment, prudent underwriting, and continued investments in compliance, distribution, and technology to drive long-term value creation. Sachinderpalsingh Jitendrasingh Bhinder will continue as senior advisor to ensure continuity and support during the transition period. Sandeep Tandon, Chairperson of Aavas, said: 'Following a comprehensive succession process, the Board believes that Aavas is ready to enter the next phase of scalable growth on it's ambitious journey. Manu Singh brings relevant sector expertise, operating experience and leadership capabilities, and we look forward to working with him as Aavas builds on the strong foundation already in place. ' Sachinderpalsingh Jitendrasingh Bhinder, outgoing Managing Director & CEO said: It has been a privilege to lead Aavas and to be part of its journey in building a strong and resilient affordable housing franchise. I want to place on record my deep gratitude to our Board for their unwavering support, and the trust they placed in the management team at every step of this journey. I am proud of what we have collectively achieved - expanding the business, while upholding strong compliance and governance. I am confident that under Manu's leadership, Aavas will build on this strong foundation and continue to serve the millions of families who deserve a home of their own. On his appointment, Manu Yeshpal Singh said: Aavas has established a strong foundation in affordable housing finance, backed by robust risk management and deep on-ground expertise. I look forward to working with the Board, the management team, employees and the regulators to build on this platform and drive the next phase of sustainable growth, while continuing to serve customers with discipline and care. AAVAS Financiers is engaged in long-term financing activity in the domestic markets to provide housing finance. The company's standalone net profit jumped 16.13% to Rs 170.04 crore in Q3 FY26, compared with Rs 146.42 crore posted in Q3 FY25. Total revenue from operations soared 12.97% to Rs 674.19 crore in Q3 FY26 as against Rs 596.74 crore posted in Q3 FY25. The scrip declined 0.20% to Rs 1,345 on the BSE.

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

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

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

AAVAS Financiers will hold a meeting of the Board of Directors of the Company on 5 February 2026.Powered by Capital Market - Live

MMTC Ltd, Go Digit General Insurance Ltd, Jupiter Wagons Ltd, BLS International Services Ltd are among the other stocks to see a surge in volumes on NSE today, 14 January 2026.AAVAS Financiers Ltd notched up volume of 24.65 lakh shares by 14:14 IST on NSE, a 17.73 fold spurt over two-week average daily volume of 1.39 lakh shares. The stock slipped 0.28% to Rs.1,443.00. Volumes stood at 56656 shares in the last session.MMTC Ltd notched up volume of 862.1 lakh shares by 14:14 IST on NSE, a 15.52 fold spurt over two-week average daily volume of 55.54 lakh shares. The stock rose 11.71% to Rs.70.99. Volumes stood at 27.05 lakh shares in the last session.Go Digit General Insurance Ltd recorded volume of 21.54 lakh shares by 14:14 IST on NSE, a 12.21 times surge over two-week average daily volume of 1.76 lakh shares. The stock lost 3.26% to Rs.327.90. Volumes stood at 73307 shares in the last session.Jupiter Wagons Ltd notched up volume of 298.14 lakh shares by 14:14 IST on NSE, a 10.4 fold spurt over two-week average daily volume of 28.67 lakh shares. The stock rose 12.47% to Rs.330.90. Volumes stood at 22.59 lakh shares in the last session.BLS International Services Ltd saw volume of 54.68 lakh shares by 14:14 IST on NSE, a 8.26 fold spurt over two-week average daily volume of 6.62 lakh shares. The stock increased 4.89% to Rs.311.90. Volumes stood at 6.94 lakh shares in the last session.Powered by Capital Market - Live

AAVAS Financiers has allotted 12,699 equity shares under Performance Stock Option Plan-2023 of the company on 24 November 2025. With this allotment, the paid up equity share capital has increased to Rs. 79,17,95,110 consisting of 7,91,79,511 equity shares having a face value of Rs.10/- each.Powered by Capital Market - Live

Net profit of AAVAS Financiers rose 10.83% to Rs 163.93 crore in the quarter ended September 2025 as against Rs 147.91 crore during the previous quarter ended September 2024. Sales rose 15.17% to Rs 667.02 crore in the quarter ended September 2025 as against Rs 579.16 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales667.02579.16 15 OPM %74.5277.10 - PBDT221.93198.95 12 PBT211.22190.02 11 NP163.93147.91 11 Powered by Capital Market - Live