Annual Report for the Financial Year 2025-26.

Ref. No. AAVAS/SEC/2026-27/3105 Date: August 24, 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, Sub: Notice of the 16th Annual General Meeting of the Company and Annual Report for the Financial Year 2025-26. This is to inform you that 16th Annual General Meeting (“AGM”) of the Members of the Company will be held on Wednesday, September 16, 2026 at 03:00 P.M. (IST) through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) to transact the businesses as listed in the Notice of AGM. Pursuant to Regulation 29, 34, 50 and 53 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Notice convening 16th AGM and Annual Report for the Financial Year 2025-26. In compliance with relevant circulars issued by Ministry of Corporate Affairs and SEBI, the Notice of 16th AGM and Annual Report for the Financial Year 2025-26 have been dispatched electronically to those Members whose email addresses are registered with the Company /MUFG Intime India Private Limited (RTA)/Depositories on Monday, August 24, 2026. Further, in accordance with the Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has dispatched a letter to the Members whose e-mail addresses are not registered with the Company/ MUFG Intime India Private Limited (RTA)/ Depository Participant(s), providing a web-link and exact path from where the Annual Report can be accessed on the website of the Company. The Notice of 16th AGM and Annual Report for the Financial Year 2025-26 will also be made available on the website of the Company and can be accessed at https://www.aavas.in/investor- relations/annual-reports. You are requested to take the same in your record and disseminate the same on your website. Thanking You, For AAVAS FINANCIERS LIMITED SAURABH SHARMA COMPANY SECRETARY & COMPLIANCE OFFICER (ACS-60350) Encl: As above PEOPLE PERFORMANCE PERSEVERANCE A N N U A L R E P O R T | (cid:849) (cid:847) (cid:849) (cid:852) (cid:1016) (cid:849) (cid:853) Content 02 Introduction to Theme 62 Profile of Board of Directors 0(cid:902) Corporate Introduction and Evolution 66 Profile of Key Managerial Personnel 06 Geographical Presence 6(cid:906) Profile of Leadership Team 0(cid:905) Key Highlights of FY26 (cid:905)0 Awards & Accolades (cid:899)0 From the Chairperson (cid:905)2 Corporate Information (cid:899)(cid:902) The CEO Letter (cid:905)(cid:902) Management Discussion and Analysis (cid:899)(cid:907) The Four Pillars – (cid:906)5 Directors' Report Key Focus Areas of Execution (cid:899)0(cid:907) Corporate Governance Report 20 Pillar 1 - Stakeholder Value and (cid:899)(cid:906)(cid:902) Business Responsibility & Strong Governance Sustainability Report 2(cid:902) Pillar 2 - Asset Quality & Risk Discipline 2(cid:902)0 Financial Statements 2(cid:905) Pillar 3 - Tier 2/3 Expansion & Brand Trust (cid:901)52 AGM Notice (cid:901)0 Pillar 4 - The Profitable Growth Engine (cid:901)(cid:902) Strengthening Our Workforce 5(cid:899) Environment, Social and Governance To download this report or to read it online click here (cid:132)(cid:64)(cid:991) (cid:132)(cid:64)(cid:991) 20 2(cid:905) Pillar 1 - Stakeholder Value Pillar 3 - Tier 2/3 Expansion & and Strong Governance Brand Trust (cid:132)(cid:64)(cid:991) (cid:132)(cid:64)(cid:991) 2(cid:902) (cid:901)0 Pillar 2 - Asset Quality & Pillar 4 - The Profitable Risk Discipline Growth Engine (cid:62)(cid:105)(cid:135)(cid:174)(cid:1)(cid:135)(cid:34)(cid:1016)(cid:91)(cid:105)(cid:105)(cid:88)(cid:73)(cid:98)(cid:64)(cid:985)(cid:139)(cid:147)(cid:1)(cid:147)(cid:40)(cid:97)(cid:40)(cid:98)(cid:147)(cid:139) This document contains statements about expected future events and financial and operating results of Aavas Financiers Limited, which are forward-looking. These statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that the assumptions, predictions and other forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements. Accordingly, this document is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors referred to in the Management Discussion and Analysis of the Annual Report. Aavas Financiers Limited Annual Report 2025-26 (cid:26)(cid:362)(cid:278)(cid:299)(cid:357)(cid:985)(cid:230)(cid:389)(cid:985)(cid:341)(cid:244)(cid:314)(cid:341)(cid:299)(cid:244)(cid:991)(cid:985) (cid:132)(cid:344)(cid:314)(cid:381)(cid:244)(cid:306)(cid:985)(cid:230)(cid:389)(cid:985)(cid:341)(cid:244)(cid:344)(cid:267)(cid:314)(cid:344)(cid:305)(cid:205)(cid:306)(cid:232)(cid:244)(cid:991)(cid:985) (cid:132)(cid:344)(cid:314)(cid:357)(cid:244)(cid:232)(cid:357)(cid:244)(cid:238)(cid:985)(cid:230)(cid:389)(cid:985)(cid:341)(cid:244)(cid:344)(cid:348)(cid:244)(cid:381)(cid:244)(cid:344)(cid:205)(cid:306)(cid:232)(cid:244)(cid:991) At Aavas, growth has never been only (cid:205)(cid:230)(cid:314)(cid:362)(cid:357)(cid:985)(cid:348)(cid:232)(cid:205)(cid:299)(cid:244)(cid:991)(cid:985)(cid:73)(cid:357)(cid:985)(cid:275)(cid:205)(cid:348)(cid:985)(cid:230)(cid:244)(cid:244)(cid:306)(cid:985)(cid:205)(cid:230)(cid:314)(cid:362)(cid:357)(cid:985)(cid:357)(cid:275)(cid:244)(cid:985)(cid:383)(cid:205)(cid:389)(cid:985) (cid:348)(cid:232)(cid:205)(cid:299)(cid:244)(cid:985)(cid:278)(cid:348)(cid:985)(cid:230)(cid:362)(cid:278)(cid:299)(cid:357)(cid:991) It is built through people who understand the customer beyond documents and income proofs. It is built through performance that is measured not only in growth, but also in trust, reach, asset quality and profitability. And it is protected through perseverance – the discipline to do the right things consistently, especially when the easier path may appear faster. (cid:147)(cid:275)(cid:205)(cid:357)(cid:985)(cid:278)(cid:348)(cid:985)(cid:357)(cid:275)(cid:244)(cid:985)(cid:244)(cid:348)(cid:348)(cid:244)(cid:306)(cid:232)(cid:244)(cid:985)(cid:314)(cid:267)(cid:985) ‘People. (cid:132)(cid:244)(cid:344)(cid:267)(cid:314)(cid:344)(cid:305)(cid:205)(cid:306)(cid:232)(cid:244)(cid:991)(cid:985) (cid:132)(cid:244)(cid:344)(cid:348)(cid:244)(cid:381)(cid:244)(cid:344)(cid:205)(cid:306)(cid:232)(cid:244)(cid:991)(cid:1037) These three words are more than the theme of this Annual Report. They are the foundation of the Aavas way. They represent the human effort, operating rigour, and institutional discipline that have gone into building a franchise of quality and resilience. Corporate Overview Statutory Reports Financial Statements 01-73 74-239 240-351 For Aavas People are the heart of the Performance is the outcome of Perseverance is what holds business. Every loan begins with a this discipline. It is reflected in it all together. It is the quiet conversation, a home visit, a field growth with quality, profitability discipline of underwriting with assessment, and a relationship with prudence, reach with rigour, collecting with empathy, of trust. Our people bring local responsibility, and asset quality expanding with caution, market understanding, empathy that remains among the best in and staying committed to and judgement to customers, the industry. It is visible in every fundamentals across cycles. It is whose aspirations are strong even branch that becomes stronger, what allows us to grow without when their income may not fit every customer served better, and losing sight of the trust placed conventional templates. every market where we deepen our in us. presence with care. FY 2 [Showing first 8,000 characters — download PDF for full document]