Outcome of Board Meeting

Ref. No. AAVAS/SEC/2026-27/3380 Date: October 26, 2026 To, To, The National Stock Exchange of India BSE Limited Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai – 400001 Mumbai – 400051 Scrip Code: 541988 Scrip Symbol: AAVAS Dear Sir / Madam, Sub.: Outcome of the Board Meeting held on Monday, October 26, 2026 – Other matters In continuation to our Intimation bearing ref. no. AAVAS/SEC/2026-27/3375 dated October 26, 2026 and pursuant to Regulation 30, 51 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), please find below the disclosure in respect of other matters approved by the Board of Directors of the Company at its meeting held on October 26, 2026: 1. Resignation of Mrs. Soumya Rajan (DIN: 03579199) as a Non-Executive Independent Director of the Company: Took note of, and accepted, the resignation of Mrs. Soumya Rajan (DIN: 03579199) as a Non-Executive Independent Director of the Company, w.e.f. the close of business hours of October 26, 2026. Mrs. Rajan has resigned due to increasing professional commitments to her Company, Waterfield Advisors and has confirmed that there are no other material reasons for her resignation other than those stated in her resignation letter. The Board of Directors and the Management of the Company placed on record their sincere appreciation and deep gratitude to Mrs. Rajan for her exemplary leadership, valuable guidance, and significant contributions during her tenure as an Independent Director of the Company. The Board wishes her continued success and the very best in all her future endeavours. 2. Appointment of Ms. Anjali Karamnarayan Seth (DIN: 05234352) as an Additional Director in the capacity of Non-Executive Independent Director of the Company: On the basis of recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Ms. Anjali Karamnarayan Seth (DIN: 05234352) as an Additional Director in the capacity of Non-Executive Independent Director of the Company, not liable to retire by rotation, for a term of five consecutive years commencing from October 27, 2026 up to October 26, 2031 (both days inclusive), subject to approval of the Shareholders of the Company. The composition of the Board of Directors and Committees of the Company is in compliance with the requirements prescribed under the Companies Act, 2013 and SEBI LODR Regulations. 3. Resignation of Mr. Ramachandran Venkatesh as Head of Internal Audit (“HIA”) of the Company: Took note of, and accepted, the resignation of Mr. Ramachandran Venkatesh as HIA, Senior Managerial Personnel of the Company w.e.f. the closure of the business hours of October 26, 2026 due to personal commitments, medical issues and other imminent exigencies in the family. The Board of Directors and the Management of the Company expressed their gratitude and sincere appreciation for the significant contributions made by Mr. Venkatesh during his tenure as HIA of the Company. 4. Appointment of Mr. Bharat Chamanlal Thakkar as Head of Internal Audit (“HIA”) of the Company: On the basis of recommendation of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors of the Company approved the appointment of Mr. Bharat Chamanlal Thakkar as HIA, designated as a Senior Managerial Personnel of the Company w.e.f. October 27, 2026 for a term of three years. 5. Postal Ballot Notice: The Board of Directors approved the Postal Ballot Notice, for seeking approval of the Shareholders of the Company for appointment of Ms. Anjali Karamnarayan Seth (DIN: 05234352) as an Independent Director of the Company. In this regard, please find enclosed herewith: (a) The details as required under Regulation 30 of the SEBI LODR Regulations read with Schedule III thereto and SEBI Master Circular bearing reference HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as Annexure 1 and 2; (b) Copy of resignation letter of Mrs. Rajan and Mr. Venkatesh as Annexure 3 and 4 respectively. Please note that the Board Meeting commenced at 04:25 P.M. (IST) and concluded at 05:41 P.M. (IST). The above information will also be made available on the website of the Company and can be accessed at www.aavas.in You are requested to take the same on your record. Thanks & Regards, For AAVAS FINANCIERS LIMITED SAURABH SHARMA COMPANY SECRETARY & COMPLIANCE OFFICER (ACS- 60350) Enclosed: a/a Annexure-1: Details of Resignation S. Particulars Description No. Mrs. Soumya Rajan (DIN: 03579199) Mr. Ramachandran Venkatesh 1. Reason for change viz. Resignation from the position of Non- Resignation from the position of Head appointment, re Executive Independent Director of the of Internal Audit of the Company due appointment, Company due to increasing professional to personal commitments, medical resignation, removal, commitments to her Company, issues and other imminent exigencies death or otherwise; Waterfield Advisors. in the family. 2. Date of appointment / With effect from the closure of business With effect from the closure of re appointment / hours of October 26, 2026. business hours of October 26, 2026. cessation (as applicable) & term of appointment/re- appointment 3. Brief profile (in case of Not applicable Not applicable appointment) 4. Disclosure of Not applicable Not applicable relationships between directors (in case of appointment of a director) 5. Letter of Resignation The resignation letter is enclosed as The resignation letter is enclosed as along with detailed Annexure 3. Annexure 4. reason for resignation 6. Names of listed entities Not applicable in which the resigning S. Company’Category of Member of director holds No. s name Directorship Board Committees directorships, indicating 1. Vishal Independent Chairperson of the category of Mega Director Audit directorship and Mart Committee membership of board Limited and Nomination & committees, if any. Remuneration Committee, Member of Risk Management Committee and Corporate Social Responsibility Sustainability Committee 7. The independent Mrs. Rajan has confirmed that there are Not applicable director shall, along with no other material reasons for her the detailed reasons, resignation other than those stated in also provide a her resignation letter. confirmation that there are no other material reasons other than those provided. Annexure- 2: Details of Appointment S. Particulars Description No. Ms. Anjali Karamnarayan Seth Mr. Bharat Chamanlal Thakkar (DIN: 05234352) 1. Reason for change viz. Appointed as an Additional Director in the Appointed as Head of Internal Audit, appointment, re category of Non-Executive Independent designated as Senior Managerial Personnel appointment, resignation, Director of the Company of the Company removal, death or otherwise; 2. Date of appointment / re Date of appointment: W.e.f. October 27, Date of appointment: W.e.f. October 27, appointment / cessation & 2026 2026 term of appointment Term: For a term of five consecutive years Term: For a term of three years from October 27, 2026 up to October 26, 2031 (both days inclusive), not liable to retire by rotation, subject to approval of the Shareholders of the Company 3. Brief profile (in case of Ms. Anjali Karamnarayan Seth is a lawyer by Mr. Bharat Chamanlal Thakkar is a Chartered appointment) profession with a rich and diverse experience of Accountant and Certified Information over 40 years. She has advised and consulted Systems Auditor (CISA) with over 34 years with top Banks, Financial institutions and Large of extensive leadership experience in Corporates, on a range of matters including banking, financial services, risk M&As, PE investments, Industrial/ Employee management, governance, compliance, Relations, Corporate Governance, Real Estate finance, and audit. Negotiations etc. Ms. Seth has worked with International Finance Corpor [Showing first 8,000 characters — download PDF for full document]