Aavas Financiers Refutes Market Rumours on Loan Classifications and NHB Facilities

Aavas Financiers Limited has issued a clarification addressing market rumours concerning alleged discrepancies in loan classifications, reversal of refinancing facilities by the National Housing Bank (NHB), and related management changes. The company strongly refutes these assertions, labelling them as misleading, malicious, and speculative. Aavas states that the report does not accurately characterize its engagement with NHB. The company confirmed that NHB conducts routine periodic audits and supervisory engagements, and one such inspection is currently ongoing but has not concluded. Aavas maintains that these are standard regulatory processes and do not constitute adverse findings or directions to reverse facilities. The company emphasized its commitment to robust governance, prudent underwriting, and responsible lending practices, with internal controls and risk management processes subject to regular review. Based on current facts, Aavas believes no disclosure is necessitated under SEBI regulations at this stage.