5419882026-04-202026-04-205419882026-04-205419882026-04-20

ChangeInManagementDomain1

5419882026-04-202026-04-20

ChangeInManagementDomain1

5419882026-04-20

ChangeInManagementDomain2

5419882026-04-202026-04-20

ChangeInManagementDomain2

5419882026-04-20

ResignationOfDirectorOrKeyManagerialPersonnelOrSeniorManagementPersonnelOrComplianceOfficerDomain1

5419882026-04-202026-04-20

ResignationOfDirectorOrKeyManagerialPersonnelOrSeniorManagementPersonnelOrComplianceOfficerDomain1

xbrli:pure

AAVAS

Aavas Financiers Limited

541988

NOTLISTED

INE216P01012

true

Listed Entity (self)

true

2026-04-20

08:19:00

08:34:00

The Board of Directors of the Company at its meeting held on April 20, 2026, has based on the recommendation of Nomination and Remuneration Committee considered the following: 1. Taken note of, and accepted, the resignation of Mr. Sachinderpalsingh Jitendrasingh Bhinder (DIN:08697657) from the position of Managing Director & Chief Executive Officer of the Company, with effect from close of business hours on April 20, 2026. 2. Approved the appointment of Mr. Manu Yeshpal Singh as the Managing Director (subject to receipt of approval from the Reserve Bank of India and approval of the shareholders of the Company) & Chief Executive Officer of the Company, with effect from April 21, 2026. Mr. Sachinderpalsingh Jitendrasingh Bhinder will continue in a role as a senior advisor to the Company to provide continuity and support as may be required. The appointment of Mr. Manu Yeshpal Singh as the Managing Director of the Company will be effective upon the date of receipt of approval from the Reserve Bank of India and approval of the shareholders of the Company.

2026-04-20

Cessation

Resignation

Director

Executive Director

Not Applicable

CEO-MD

Mr.

Sachinderpalsingh Jitendrasingh Bhinder

2026-04-20

true

Appointment

Key Managerial Personnel

Chief Executive Officer

Mr.

Manu Yeshpal Singh

2026-04-21

Mr. Manu Yeshpal Singh is an accomplished business leader with over two decades of experience in retail lending, housing finance, and consumer banking, spanning Kotak Mahindra Bank, Tata Capital, ICICI Bank, and Tata Motors. His career reflects a unique blend of operational depth, strategic leadership, and P&L accountability across diverse financial products. He served as the President & Business Head for Housing Finance at Kotak Mahindra Bank, overseeing a ~ 70,000 crore franchise, driving both growth and profitability across the secured lending spectrum. He was elevated twice in five years, most recently in 2024 underscoring his performance and leadership impact. In his earlier stint as Business Head for Salaried Personal Loans at Kotak, he led the business from a 4,000 crore to 12,000 crore book, delivering a threefold scale-up while maintaining strong portfolio quality. His track record demonstrates sharp execution, digital enablement, and deep market understanding. Prior to Kotak, Mr. Manu Yeshpal Singh spent over a decade at Tata Capital, where he built and led large retail portfolios across vehicle loans, business loans, and mortgages, with his last mandate managing an ~ 8,000 crore Personal Loans and Business Loans book. His responsibilities spanned retail lending products such as auto loans, two-wheeler loans, consumer durables, commercial vehicle finance, and later expanded to business loans, home loans, and home equity. He also drove product development, institutional partnerships, and digital initiatives. Earlier at ICICI Bank, Mr. Manu Yeshpal Singh rose rapidly to become the youngest AGM, managing product and inventory funding for two-wheeler loans – handling ~ 3,000 crore in monthly inventory funding to OEMs. His early years built his grounding in credit, distribution, and portfolio management fundamentals. Known for his strong business acumen and adherence to regulatory standards, Mr. Manu Yeshpal Singh has consistently delivered growth while maintaining robust risk frameworks. He is deeply engaged with market dynamics, often spending time in the field to stay close to customers and distribution networks. His leadership style combines strategic vision with operational rigor, making him a key driver of transformation in retail lending.

Mr.

Sachinderpalsingh Jitendrasingh Bhinder

Executive Director

2026-04-20

true

Mr. Sachinderpalsingh Jitendrasingh Bhinder has resigned from the position of Managing Director & Chief Executive Officer of the Company with effect from close of business hours of April 20, 2026 due to professional and personal commitments