
Board Meeting26 Oct 2026, 06:41 pm
AAVAS Financiers Board Approves Director Appointments and Resignations
AI Summary
AAVAS Financiers Limited's Board of Directors met on October 26, 2026, approving key management changes. The board accepted the resignation of Mrs. Soumya Rajan as Non-Executive Independent Director due to professional commitments. Concurrently, Ms. Anjali Karamnarayan Seth was appointed as an Additional Director in the capacity of Non-Executive Independent Director for a five-year term, subject to shareholder approval. The board also accepted the resignation of Mr. Ramachandran Venkatesh as Head of Internal Audit and appointed Mr. Bharat Chamanlal Thakkar to the same role for a three-year term. A postal ballot notice will be issued for shareholder approval of Ms. Seth's appointment.
Key Highlights
- Mrs. Soumya Rajan resigned as Non-Executive Independent Director.
- Ms. Anjali Karamnarayan Seth appointed as Non-Executive Independent Director.
- Mr. Ramachandran Venkatesh resigned as Head of Internal Audit.
- Mr. Bharat Chamanlal Thakkar appointed as Head of Internal Audit.
- Shareholder approval sought for new Independent Director appointment.
Price Impact
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