Meeting Details

  • Date: Wednesday, September 16, 2026
  • Time: Commenced at 3:00 PM IST, concluded at 3:53 PM IST
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type: 16th Annual General Meeting for Financial Year 2025-26
  • Compliance: Conducted in accordance with guidelines/circulars issued by Ministry of Corporate Affairs and SEBI

Attendees

Board of Directors Present:

  • Mr. Vellur Gopalaraghavan Kannan (Chairperson)
  • Mr. Vivek Anant Karve (Independent Director, Chairperson of Stakeholders Relationship Committee and Information Technology Strategy Committee)
  • Mrs. Soumya Rajan (Independent Director, Chairperson of Audit Committee)
  • Mr. Siddharth Tapaswin Patel (Non-Executive Nominee Director)
  • Mr. Nikhil Omprakash Gahrotra (Non-Executive Nominee Director, Chairperson of CSR and ESG Committee and Risk Management Committee)
  • Mrs. Neha Sureka (Non-Executive Nominee Director)
  • Mr. Rohit Ranjan (Non-Executive Nominee Director)
  • Mr. Anant Jain (Non-Executive Nominee Director)

Key Managerial Personnel Present:

  • Mr. Manu Yeshpal Singh (Chief Executive Officer and Chairperson of Asset Liability Management Committee)
  • Mr. Ghanshyam Gupta (Interim Chief Financial Officer)
  • Mr. Saurabh Sharma (Company Secretary and Compliance Officer)

Auditors & Scrutinizer Present:

  • Mr. Tushar Kurani (Partner) and Ms. Princy Maurya (Associate Director) - M/s M S K A & Associates LLP, Chartered Accountants, Statutory Auditor
  • Mr. Brij Mohan Agarwal (Partner) and Mr. S. Venkate Teswarlu (Partner) - M/s Borkar & Muzumdar, Chartered Accountants, Statutory Auditor
  • Mr. Lakhan Gupta (Partner) - M/s Chandrasekaran Associates, Practising Company Secretary, Secretarial Auditor and Scrutinizer for the Meeting

Financial Performance Highlights (FY 2025-26)

The CEO presented the following key performance metrics:

  • Assets Under Management increased by 15% to ₹23,451 crore
  • Disbursements grew by 11% to ₹6,775 crore
  • Net Interest Margin improved to 7.93%
  • Net worth crossed ₹5,000 crore
  • Balance sheet crossed ₹20,000 crore
  • Capital Adequacy Ratio stood at 44.6%
  • Branch network expanded to 435 branches across 13 States and 2 Union Territories
  • Total live customer accounts reached approximately 2.7 lakh
  • Gross Stage 3 assets: 1.05%
  • Net Stage 3 assets: 0.68%
  • Net profit increased by 14% to ₹654.9 crore

Proposed Resolutions

Ordinary Resolutions:

1. Adoption of financial statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors

2. Re-appointment of Mr. Nikhil Omprakash Gahrotra (DIN: 01277756) as Director retiring by rotation

3. Re-appointment of Mrs. Neha Sureka (DIN: 10759936) as Director retiring by rotation

4. Approval of remuneration of joint statutory auditors for FY 2026-27

5. Ratification and confirmation of payment of remuneration to Mr. Sachinderpalsingh Jitendrasingh Bhinder, former Managing Director and CEO

Special Resolutions:

6. Appointment of Mr. Vivek Anant Karve (DIN: 06840707) as an Independent Director

7. Appointment of Mr. Vellur Gopalaraghavan Kannan (DIN: 03443982) as an Independent Director

8. Increase in borrowing powers in excess of paid-up share capital, free reserves and securities premium under section 180(1)(c) of Companies Act, 2013

9. Creation of charges on assets of the Company under section 180(1)(a) to secure borrowings made/to be made under section 180(1)(c)

10. Issuance of Non-Convertible Debentures in one or more tranches on private placement basis

Voting Process and Scrutinizer Arrangements

  • Remote e-voting facility was provided to shareholders
  • E-voting facility on the NSDL platform was available for 15 minutes from conclusion of the meeting proceedings
  • Mr. Lakhan Gupta, Partner of M/s Chandrasekaran Associates, was appointed as Scrutinizer to supervise the e-voting process
  • The results of remote e-voting and e-voting during the AGM, together with the Scrutinizer's Report, will be intimated to stock exchanges and uploaded on the company website within stipulated timelines

Compliance and Regulatory References

  • Conducted in compliance with Section 103 of Companies Act, 2013 (quorum requirements)
  • Followed SEBI Listing Regulations and circulars issued by MCA and SEBI
  • Statutory Auditors' Report and Secretarial Audit Report for FY ended March 31, 2026 contained no qualifications, observations or adverse remarks
  • Detailed voting results will be submitted pursuant to Regulation 44(3) of SEBI LODR Regulations
  • Transcript of the AGM will be made available on company website at www.aavas.in