Change in Director(s)

Ref No: AAVAS/SEC/2026-27/3024 Date: July 31, 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, Bandra (E)Mumbai – 400051 Mumbai – 400001 Scrip Symbol: AAVAS Scrip Code: 541988 Dear Sir/Madam, Subject: Disclosure under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”). Pursuant to Regulations 30 and 51 of SEBI LODR, we wish to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Company vide its circular resolution passed today has considered the following: 1. Took note of, and accepted, the resignation of Mr. Sandeep Tandon (DIN: 00054553) as Chairperson and Non-Executive Independent Director of the Company, with effect from the close of business hours on July 31, 2026. Mr. Tandon has cited personal and professional commitments for his resignation and has confirmed that there are no other material reasons for his resignation other than those stated in his resignation letter. The Board of Directors and the Management of the Company express their deep gratitude and sincere appreciation for the exemplary leadership and significant contributions made by Mr. Sandeep Tandon during his tenure as the Chairperson and Independent Director of the Company. 2. Approved the appointment of Mr. Vellur Gopalaraghavan Kannan (DIN: 03443982) as an Additional Director in the category of Non-Executive Independent Director of the Company, not liable to retire by rotation, for a term of five consecutive years commencing from August 01, 2026 up to July 31, 2031 (both days inclusive), subject to approval of the shareholders of the Company. 3. Approved the appointment of Mr. Vellur Gopalaraghavan Kannan as Chairperson of the Board of Directors, with effect from August 01, 2026, for a period of one year. 4. Approved the reconstitution of the Stakeholders Relationship Committee, IT Strategy Committee, Nomination and Remuneration Committee and Audit Committee w.e.f. August 01, 2026, consequent to the appointment of Mr. Vellur Gopalaraghavan Kannan and resignation of Mr. Sandeep Tandon from the position of Chairperson and Independent Director 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. The details required under Regulation 30 of SEBI LODR, read with Schedule III thereto and the SEBI Master Circular having reference HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure A and Annexure B. A copy of Mr. Sandeep Tandon’s resignation letter is enclosed herewith as Annexure C and details on Committee’s reconstitution is enclosed herewith as Annexure D. Date and Time of occurrence of event/information: July 31, 2026 and 05:51 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 above on record. Thanking You, For AAVAS FINANCIERS LIMITED SAURABH SHARMA COMPANY SECRETARY & COMPLIANCE OFFICER (ACS-60350) ANNEXURE A Resignation of Mr. Sandeep Tandon (DIN: 00054553) as Chairperson and Non-Executive Independent Director of the Company Sr. Particulars Description 1. Reason for change viz. appointment, re-Mr. Sandeep Tandon has resigned as Chairperson appointment, resignation, removal, death or and Non-Executive Independent Director of the otherwise Company due to personal and professional commitments. 2. Date of appointment / re-appointment / With effect from the close of business hours on cessation (as applicable) & term of July 31,2026. appointment / re-appointment 3. Brief profile (in case of appointment) Not applicable. 4. Disclosure of relationships between directors Not applicable. (in case of appointment of a director) 5. Letter of Resignation along with Detailed Enclosed as Annexure C. reason for resignation 6. Names of listed entities in which the resigning director holds directorships, indicating the S.No. Company’s Category of Member of category of directorship and membership of Name Directorship Board Committees board committees, if any. 1. Syrma SGS Director Corporate Technology Social Limited Responsibility Committee- Member 2. 360 One Wam Independent a. IT Strategy Limited Director Committee- Chairperson b. Stakeholder Relationship Committee- Chairperson c. Nomination Remuneration Committee- Chairperson 7. The independent director shall, along with the Mr. Tandon has confirmed that there are no other detailed reasons, also provide a confirmation material reasons for his resignation other than those that there is no other material reasons other stated in his resignation letter. than those provided. ANNEXURE B Appointment of Mr. Vellur Gopalaraghavan Kannan (DIN: 03443982) as Non-Executive Independent Director and Chairperson of the Board. Sr. Particulars Description 1. Reason for change viz. appointment, re-Appointment as an Additional Director in the category appointment, resignation, removal, death or of Non-Executive Independent Director and as otherwise Chairperson of the Board. 2. Date of appointment / re-appointment / Independent Director: Effective from August 01, cessation (as applicable) & term of 2026, for a term of five consecutive years up to July appointment / re-appointment 31, 2031, not liable to retire by rotation. Chairperson: Effective from August 01, 2026, for a period of 1 year. 3. Brief profile (in case of appointment) 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. Sr. Particulars Description 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 (NS [Showing first 8,000 characters — download PDF for full document]