AAVAS Financiers Appoints New Independent Director

AAVAS Financiers Ltd. announced a change in its board of directors. Mr. Vivek Anant Karve has been appointed as an Additional Director in the capacity of Non-Executive Independent Director for a term of five years, effective June 23, 2026, subject to shareholder approval. Concurrently, Mrs. Kalpana Kaushik Mazumdar will complete her tenure as Non-Executive Independent Director on June 22, 2026, and will consequently step down as Chairperson of the Audit Committee and a Member of the Corporate Social Responsibility & ESG Committee. The company expressed gratitude for Mrs. Mazumdar's contributions. The Audit Committee and CSR & ESG Committee will be reconstituted effective June 23, 2026.