Aavas Financiers Ltd

Aavas Financiers Limited announced the re-appointment of Mr. Sharad Pathak as Chief Compliance Officer, a Senior Managerial Personnel, for a period of 3 years w.e.f. October 01, 2026, following a recommendation from the Nomination and Remuneration Committee and in accordance with Reserve Bank of India Directions dated July 31, 2026.

Aavas Financiers Limited informed the National Stock Exchange of India Limited and BSE Limited that the trading window for dealing in the company's securities will be closed from October 1, 2026, until 48 hours after the declaration and submission of unaudited financial results for the quarter and half year ended September 30, 2026, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

AAVAS Financiers Ltd. announced that CARE Ratings Limited has enhanced the rating of its Long Term Bank Facilities from Rs. 12,262.00 crore to Rs. 12,762.00 crore, and assigned a rating of CARE AA(RWD) to a Non-Convertible Debenture Credit Rating of Rs. 100.00 crore, all of which remain on Rating Watch with Developing Implications; CARE Ratings also continues to rate Long Term Bank Facilities at Rs. 12,762.00 crore, Non-Convertible Debenture Credit Rating at Rs. 1259.92 crore, and several Non-Convertible Debentures ranging from Rs. 15.00 to Rs. 200.00, all carrying the CARE AA (RWD) rating, with some instruments having specific maturity dates and coupon rates, while a proposed issue of Rs. 149.18 is pending; additionally, CARE Ratings noted a view pending on the implications of events on the credit risk profile, and indicated that ratings do not account for sovereign risk, while CareEdge Ratings provided a rating reflecting opinions as of a specific date, and CARE Ratings also noted instances where ratings are based on information due to the issuer not cooperating.

Aavas Financiers Limited announced the appointment of Mr. Nitin Rughwani as Chief Credit Officer, a Senior Managerial Personnel, effective September 23, 2026, following a recommendation from the Nomination and Remuneration Committee. Mr. Rughwani brings over two decades of experience in credit and risk management from Shriram Finance Limited, Yes Bank Limited, and Tata Capital Limited, and holds a Bachelor of Commerce degree from Delhi University and is a member of the Institute of Chartered Accountants of India (ICAI).

Aavas Financiers Limited announced the appointment of Manu Yeshpal Singh as Managing Director & Chief Executive Officer, effective September 19, 2026, succeeding his role as Chief Executive Officer. The company also appointed Sanjeev Srinivasan as an Additional Non-Executive Nominee Director, and noted the resignation of Anant Jain from the same position, both appointments effective September 19, 2026, subject to shareholder approval. The appointments were approved by the Reserve Bank of India.

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 Executive Committee of the Board of Directors approved the issuance of up to 10,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures having a face value of Rs 1,00,000 each, with an aggregate nominal value of up to Rs 1,00,00,00,000 on a private placement basis. The debentures will be listed on the Wholesale Debt Market (WDM) segment of BSE Limited and have a tenor of 60 months.

Aavas Financiers Limited has approved the issuance of up to Rs 100 crore through a private placement of 10,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures (NCDs), each with a face value of Rs 1,00,000, as authorized by a special resolution passed at the company’s 15th Annual General Meeting on September 16, 2025; the NCDs will be listed on the Wholesale Debt Market (WDM) segment of BSE Limited and will have a tenor of 60 months, with interest payments scheduled quarterly and principal repayment through 20 equal quarterly installments of Rs 5,000 per debenture.