AAVAS Financiers Ltd

AAVAS Financiers Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's code of conduct. The trading window will be shut from July 01, 2026, until 48 hours after the declaration and submission of the Unaudited Financial Results for the Quarter ended June 30, 2026. Designated persons and their immediate relatives are prohibited from trading during this period. The date for the Board of Directors' meeting to approve these financial results will be communicated separately. The company will also make this intimation available on its website.

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.

AAVAS Financiers Ltd announced outcomes from its Board Meeting held on June 21, 2026. The board approved the appointment of Mr. Ghanshyam Gupta as Interim Chief Financial Officer (CFO) and Mr. Punit Purushottam Agarwal as Interim Chief Risk Officer (CRO), both effective June 22, 2026. Mr. Gupta, a Chartered Accountant with over 18 years of experience, has been with Aavas since 2017. Mr. Agarwal, also a Chartered Accountant with 13 years of experience, has 9 years at Aavas, specializing in risk management. The board also accepted the resignations of Mr. Ghanshyam Rawat (President & CFO) and Mr. Ashutosh Atre (President & CRO), effective September 21, 2026. The meeting commenced at 2:15 PM and concluded at 2:32 PM.

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.

AAVAS Financiers Ltd's Board approved the audited financial results for the quarter and financial year ended March 31, 2026. They also approved an overall limit of ₹9,000 crore for issuing Non-convertible Debentures (NCDs) via private placement, subject to shareholder approval. Mr. Sandeep Tandon was re-appointed as Chairperson. The AFL Prime Lending Rate (PLR) was decreased by 10 basis points, effective June 05, 2026. The board meeting concluded at 04:24 P.M.

AAVAS Financiers Ltd reported its financial results for the quarter and financial year ended March 31, 2026. The company's Assets Under Management (AUM) grew by 15% YoY to ₹235 billion. Net Profit (PAT) increased by 14% YoY to ₹6.56 billion. The Net Interest Margin (NIM) stood at 7.93%, and the spread was 5.20%. The company's asset quality remained strong, with Net Stage 3 at 0.68% and 1+ DPD at 3.17%. The company disbursed loans worth ₹23.5 billion during Q4FY26, a 36% sequential growth. Lifetime disbursements have crossed ₹400 billion, enabling 4 lakh customers to realize their aspiration for home ownership.

AAVAS Financiers Ltd's board approved the audited financial results for the quarter and financial year ended March 31, 2026. They also approved an overall limit of ₹9,000 crore for issuing Non-convertible Debentures (NCDs) through private placement, subject to shareholder approval. Mr. Sandeep Tandon was re-appointed as Chairperson, and the AFL Prime Lending Rate (PLR) was decreased by 10 basis points, effective June 05, 2026. The board meeting concluded at 04:24 P.M.

AAVAS Financiers Ltd announced a change in its Senior Management Personnel. Mr. Selvin Uthaman resigned from his position as Chief Business Officer (CBO) and SMP, effective May 01, 2026, due to personal and professional commitments. Concurrently, the Board of Directors, based on the Nomination and Remuneration Committee's recommendation, approved the appointment of Mr. Ripudaman Bandral, currently the Chief Credit Officer and SMP, as the new Chief Business Officer, effective May 02, 2026. Mr. Bandral brings over 25 years of experience in business development, strategic planning, credit, and risk assessment, having served the company for the past five years as Chief Credit Officer.

AAVAS Financiers Ltd has scheduled a Board of Directors meeting on May 5, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The board will also consider overall limits for raising funds through Non-Convertible Debentures and other debt securities via private placement. The trading window remains closed from April 1, 2026, until 48 hours after the results are submitted to stock exchanges.

AAVAS Financiers Ltd has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events and make disclosures to the stock exchanges, as per SEBI (LODR) Regulations, 2015. This update follows a previous board meeting disclosure. The authorized officials include the CEO, CFO, Chief Risk Officer, and Company Secretary & Compliance Officer, with their contact details provided. The updated information will also be available on the company's website.