Key Resolution Details

Aavas Financiers Limited is seeking shareholder approval through a postal ballot for the following special business:

Resolution 1: Appointment of Ms. Anjali Karamnarayan Seth (DIN: 05234352) as an Independent Director (Non-Executive) of the Company. This is a Special Resolution.

Director Appointment Terms

  • Appointee: Ms. Anjali Karamnarayan Seth
  • DIN: 05234352
  • Role: Non-Executive Independent Director
  • Initial Appointment Date: October 27, 2026 (as an Additional Director)
  • Proposed Term: 5 consecutive years, from October 27, 2026, to October 26, 2031 (both days inclusive)
  • Remuneration: To be paid such fees as determined by the Board, within the limits approved by members via postal ballot dated November 06, 2023, or other limits approved by members from time to time.
  • Committee Roles: Appointed as Chairperson of the Nomination and Remuneration Committee (NRC) and Member of the Audit & CSR&ESG Committee, effective October 27, 2026.

Director Profile and Background

  • Age: 68 years
  • Qualifications: B.A. (Honours) from Meerut University and LL.B. from Delhi University.
  • Experience: Lawyer with over 40 years of experience. Has worked with International Finance Corporation, Standard Chartered Bank (Legal Head in India), Swaadhar Finserve, Emmar Properties (UAE), and was instrumental in setting up the legal department of ANZ Grindlays Bank.
  • Expertise: Legal Affairs, Regulatory Compliance, Corporate Governance, Banking & Financial Services, Mergers & Acquisitions, Project Finance.
  • Current Directorships (Listed): Centrum Capital Limited, Kalpataru Limited, Nirlon Limited.
  • Current Directorships (Unlisted Public): Kalpataru Properties Limited, Kalpataru Retail Ventures Limited, Kalpataru Gardens Limited, Assets Care & Reconstruction Enterprise Limited.
  • Previous Resignation (Last 3 Years): Retired as Independent Director from Endurance Technologies Limited.
  • Shareholding in Aavas: Nil

Regulatory Context and Compliance

The appointment is being made pursuant to and in compliance with:

  • Sections 149, 150, 152, 161, 102, 108, 110 of the Companies Act, 2013.
  • Regulation 17(1C)(a), 25(2A), 36(3), 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Reserve Bank of India (Housing Finance Companies) Directions, 2025.
  • Reserve Bank of India (Non-Banking Financial Companies - Governance) Directions, 2025.
  • Relevant MCA Circulars including General Circular No. 03/2025 dated September 22, 2025.

The company has received all necessary declarations from Ms. Seth, including consent (DIR-2), a declaration of non-disqualification (DIR-8), a declaration of independence, and compliance with the Independent Directors data bank rules.

Postal Ballot and E-Voting Process

  • Cut-off Date: Friday, October 30, 2026 (for determining member eligibility).
  • E-Voting Period: Starts at 09:00 AM IST on Friday, November 06, 2026, and ends at 05:00 PM IST on Saturday, December 05, 2026.
  • E-Voting Service Provider: National Securities Depository Limited (NSDL).
  • Notice Dispatch: The notice was dispatched only through electronic mode on November 04, 2026, to members whose email addresses are registered.
  • Scrutinizer: Mr. Rupesh Agarwal (ACS 16302, COP 5673) of M/s Chandrasekaran Associates has been appointed to scrutinize the voting process.
  • Result Declaration: The result of the postal ballot will be declared on or before Tuesday, December 08, 2026, and communicated to BSE, NSE, and the RTA (MUFG Intime India Private Limited). It will also be displayed on the company's website (www.aavas.in) and NSDL's website (www.evoting.nsdl.com).
  • Deemed Passing Date: If passed, the resolution will be deemed to have been passed on December 05, 2026.

Financial Impact

No specific financial impact is quantified in the disclosure regarding the appointment itself. Director remuneration will be paid as per existing shareholder-approved limits.

Documents Availability

The Postal Ballot Notice and explanatory statement are available on the company's website (https://www.aavas.in/investor-relations/notice) and NSDL's website (www.evoting.nsdl.com). Relevant documents are available for electronic inspection until December 05, 2026, upon request via email to investorrelations@aavas.in.