Clarification Letter on Market Rumour

AAVAS Financiers Ltd has issued a clarification refuting market rumours regarding alleged discrepancies in loan classifications, purported reversal of refinancing facilities by the National Housing Bank (NHB), and linked management changes. The company states these reports are misleading, malicious, speculative, and inaccurate. AAVAS confirms an ongoing routine NHB inspection, emphasizing it is standard regulatory oversight, not an adverse finding or a directive to reverse refinancing. The company reiterates its commitment to robust governance, prudent underwriting, and compliance.