General Updates

Aavas Financiers Limited has clarified market rumours regarding alleged loan classification discrepancies, purported reversal of refinancing facilities by the National Housing Bank (NHB), and management changes. The company strongly refutes these assertions, terming them misleading, malicious, and speculative. Aavas states that an ongoing NHB inspection is a routine regulatory process that has not concluded and does not constitute an adverse finding or directive to reverse facilities. The company reiterates its commitment to robust governance, prudent underwriting, and responsible lending practices.