Change in Management

Ref. No. AAVAS/SEC/2026-27/3198 Date: September 17, 2026 To, To, The National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400051 Mumbai – 400001 Scrip Symbol: AAVAS Scrip Code: 541988 Dear Sir /Madam, Subject: Disclosure under Regulation 30 and 51 of the SEBI (LODR) Regulations, 2015. In continuation of the earlier intimation dated September 16, 2026, we wish to inform you that Scrutinizer’s Report w.r.t. to the 16th Annual General Meeting (“AGM”) of the Company held on Wednesday, September 16, 2026 through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”) has been received by the Company on September 17, 2026 at 05:40 P.M. All the business items as placed in the AGM were approved and passed by the Members with requisite majority. Please find below the disclosure of material events / information under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015 as amended from time to time and SEBI Circulars issued therein: 1. Re-appointment of Mr. Nikhil Omprakash Gahrotra, (DIN: 01277756), who retired at the AGM and being eligible was re-appointed as the Non-Executive Nominee Director of the Company, liable to retire by rotation. 2. Re-appointment of Mrs. Neha Sureka, (DIN: 10759936), who retired at the AGM and being eligible was re-appointed as the Non-Executive Nominee Director of the Company, liable to retire by rotation. 3. Ratify and confirm the payment of remuneration to Mr. Sachinderpalsingh Jitendrasingh Bhinder, (DIN:08697657) former Managing Director and Chief Executive Officer of the Company. 4. Appointment of Mr. Vivek Anant Karve (DIN: 06840707) as an Independent Director of the Company. 5. Appointment of Mr. Vellur Gopalaraghavan Kannan (DIN: 03443982) as an Independent Director of the Company. Mr. Nikhil Omprakash Gahrotra, Mrs. Neha Sureka, Mr. Vivek Anant Karve and Mr. Vellur Gopalaraghavan Kannan have not been debarred from holding the office of director by virtue of any SEBI order or any other such authority as required under BSE circular no. LIST/COMP/14/2018-19 dated June 20, 2018, and the National Stock Exchange of India Limited Circular with ref. no. NSE/CML/2018/24, dated June 20, 2018. 6. Authorization to the Board of Directors of the Company (“Board” which term shall be deemed to include any Committee of the Board) to offers and / or invitations and / or issue and/or allot in one or more tranches/series, Listed/Unlisted Non-convertible Debentures (NCDs) including but not limited to subordinate debentures, bonds, and/or other debt securities for an amount not exceeding Rs. 9,000 crore (Rupees nine thousand crore only) on private placement basis during a period of 1 (one) year from the date of AGM i.e., till September 15, 2027. Details as per SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 relating to the Appointment of Directors is attached as Annexure-A. The aforesaid details will also be made available on the website of the Company and can be accessed on the website of the Company at www.aavas.in. You are requested to take the same on your records. Thanking You, For AAVAS FINANCIERS LIMITED SAURABH SHARMA COMPANY SECRETARY & COMPLIANCE OFFICER (ACS-60350) Annexure-A Appointment of Mr. Vivek Anant Karve, (DIN: 06840707), Mr. Vellur Gopalaraghavan Kannan, (DIN: 03443982), as an Independent Directors of Company: Sr. No. Disclosure Requirements on event Mr. Vivek Anant Karve Mr. Vellur Gopalaraghavan Kannan 1 Reason for change viz. Regularization of Mr. Vivek Anant Karve Regularization of Mr. Vellur Gopalaraghavan appointment/ re- appointment, (DIN: 06840707) as a Non- Executive Kannan (DIN: 03443982) as a Non- resignation, removal, death Independent Director of the Company. Executive Independent Director of the or otherwise Company. 2 Date of Appointment/Re- Date of Appointment: w.e.f. June 23, Date of Appointment: w.e.f. August 01, appointment 2026 2026 / cessation (as applicable) & terms of appointment/Re- Terms of Appointment: Terms of Appointment: appointment Regularized as a Non- Executive Regularized as a Non- Executive Independent Director on the Board for a Independent Director on the Board for a term of five (5) consecutive years, not term of five (5) consecutive years, not liable liable to retire by rotation. to retire by rotation. 3 Brief profile (in case of Mr. Vivek Anant Karve is a Chartered Mr. Kannan is a seasoned banking appointment) Accountant, Cost Accountant and B. Com. professional with over 40 years of leadership from the University of Bombay. He has experience in the Banking, Financial more than 30 years of rich professional Services and Insurance (BFSI) sector. He experience across sectors such as Joined the State Bank of India (SBI) as a Consumer Products, IT services and Probationary Officer in 1978 and progressed Financial Services. He has had the fortune to the Board position of Managing Director, of working with some marquee overseeing SBI’s domestic subsidiaries and organizations in these sectors, namely, associate banks until July 2016. Prior to P&G, ICICI, Siemens Information Systems, joining the SBI Board, he served as Marico Ltd. and Mahindra & Mahindra Managing Director & CEO of SBI Capital Financial Services Ltd. Markets Ltd., India’s leading investment banking subsidiary. He possesses extensive For about 20 years (October -2000 to expertise in Credit & Risk Management, September -2020), he worked with Marico Treasury, Capital Markets, Investment Ltd., a listed FMCG group in India. He held Management, Agriculture & Rural Finance, various leadership positions during this MSME Banking, Insurance, Asset stint, the last 6 years being as Group Chief Management, Credit Cards, and Fund Financial Officer of Marico Ltd. Management. He has held several key leadership positions In his last stint as Chief Financial Officer of within SBI, including Chief General Manager Financial Services Sector at Mahindra & – Mid Corporate Group, managing funded Mahindra Financial Services Ltd., a listed assets exceeding ₹1.80 trillion; Head of NBFC. He was responsible for leading the Forex & Money Markets at SBI Central finance function, spanning sectors such as Treasury and SBI Hong Kong; Network home finance, vehicle, insurance broking General Manager, Chennai; and Assistant and mutual fund AMC. As a member of the General Manager (Fixed Income Markets), top leadership team, he helped steer the SBI Corporate Treasury, Mumbai. As company through the turbulent Covid Managing Director (Associate Banks & period. Some of the notable contributions Subsidiaries), he spearheaded the in his career with Mahindra Finance have successful merger process of SBI’s five centered around setting performance Associate Banks with SBI, completing one of management systems & processes for the the largest banking integration exercises in entire financial services sector (budgeting, India within a year. Under his leadership, planning and performance review), SBI’s subsidiaries delivered strong financial centralization of customer on-boarding due performance, enabling significant dividend diligence & finance processes and contributions and paving the way for the successful conclusion of acquisition of subsequent listing of several subsidiaries. minority stake in the insurance broking subsidiary. Post-retirement, he served as Chief Executive of the Indian Banks’ Association Mr. Karve is currently an Independent (IBA) from December 2016 to December Director on the Boards of Suryoday Small 2019, acting as the principal spokesperson Finance Bank, Kaya Limited, Niva Bupa for the banking industry and working closely Health Insurance Co Limited and Eternis with regulators and the Government on Fine Chemicals Limited. He also serves as policy, operational and systemic banking matters. Subsequently, he served as advisor a member or as a chairperson on few to a large international [Showing first 8,000 characters — download PDF for full document]