5419882026-09-172026-09-175419882026-09-175419882026-09-17

ChangeInManagementDomain1

5419882026-09-172026-09-17

ChangeInManagementDomain1

5419882026-09-17

ChangeInManagementDomain2

5419882026-09-172026-09-17

ChangeInManagementDomain2

xbrli:pure

AAVAS

AAVAS FINANCIERS LIMITED

541988

NOTLISTED

INE216P01012

true

Listed Entity (self)

false

2026-09-16

15:53:00

2026-09-17

Appointment

Director

Non - Executive Independent Director

Not Applicable

Mr.

Vivek Anant Karve

2026-09-16

Mr. Vivek Anant Karve is a Chartered Accountant, Cost Accountant and B. Com. from the University of Bombay. He has more than 30 years of rich professional experience across sectors such as Consumer Products, IT services and Financial Services. He has had the fortune of working with some marquee organizations in these sectors, namely, P&G, ICICI, Siemens Information Systems, Marico Ltd. and Mahindra & Mahindra Financial Services Ltd. For about 20 years (October -2000 to September -2020), he worked with Marico Ltd., a listed FMCG group in India. He held various leadership positions during this stint, the last 6 years being as Group Chief Financial Officer of Marico Ltd. In his last stint as Chief Financial Officer of Financial Services Sector at Mahindra & Mahindra Financial Services Ltd., a listed NBFC. He was responsible for leading the finance function, spanning sectors such as home finance, vehicle, insurance broking and mutual fund AMC. As a member of the top leadership team, he helped steer the company through the turbulent Covid period. Some of the notable contributions in his career with Mahindra Finance have centered around setting performance management systems & processes for the entire financial services sector (budgeting, planning and performance review), centralization of customer on-boarding due diligence & finance processes and successful conclusion of acquisition of minority stake in the insurance broking subsidiary. Mr. Karve is currently an Independent Director on the Boards of Suryoday Small Finance Bank, Kaya Limited, Niva Bupa Health Insurance Co Limited and Eternis Fine Chemicals Limited. He also serves as a member or as a chairperson on few committees of these companies.

Not related inter-se to any other Directors of the Company

true

false

Appointment

Director

Non - Executive Independent Director

Chairperson

Not Applicable

Mr.

Vellur Gopalaraghavan Kannan

2026-09-16

Mr. Kannan is a seasoned banking professional with over 40 years of leadership experience in the Banking, Financial Services and Insurance (BFSI) sector. He Joined the State Bank of India (SBI) as a Probationary Officer in 1978 and progressed to the Board position of Managing Director, overseeing SBI’s domestic subsidiaries and associate banks until July 2016. Prior to joining the SBI Board, he served as Managing Director & CEO of SBI Capital Markets Ltd., India’s leading investment banking subsidiary. He possesses extensive expertise in Credit & Risk Management, Treasury, Capital Markets, Investment Management, Agriculture & Rural Finance, MSME Banking, Insurance, Asset Management, Credit Cards, and Fund Management. He has held several key leadership positions within SBI, including Chief General Manager – Mid Corporate Group, managing funded assets exceeding ₹1.80 trillion; Head of Forex & Money Markets at SBI Central Treasury and SBI Hong Kong; Network General Manager, Chennai; and Assistant General Manager (Fixed Income Markets), SBI Corporate Treasury, Mumbai. As Managing Director (Associate Banks & Subsidiaries), he spearheaded the successful merger process of SBI’s five Associate Banks with SBI, completing one of the largest banking integration exercises in India within a year. Under his leadership, SBI’s subsidiaries delivered strong financial performance, enabling significant dividend contributions and paving the way for the subsequent listing of several subsidiaries. Post-retirement, he served as Chief Executive of the Indian Banks’ Association (IBA) from December 2016 to December 2019, acting as the principal spokesperson for the banking industry and working closely with regulators and the Government on policy, operational and systemic banking matters. Subsequently, he served as advisor to a large international investment fund specializing in stressed asset investments from November 2019 to March 2023, providing strategic guidance on investment and asset resolution opportunities. He also chaired the RBI-appointed Committee on ATM Interchange Fees (2019) and served as a Member of the RBI Committee on the Creation of a Secondary Market for Corporate Loans (2018). Additionally, he was a Permanent External Expert Member of the Regulatory Oversight Committee of the National Stock Exchange (NSE) from 2018 to 2024.

Not related inter-se to any other Directors of the Company

true

false