Meeting Details

This is a postal ballot process conducted through electronic means without a physical meeting. The cut-off date for determining shareholder eligibility is Friday, September 25, 2026. The e-voting period runs from Saturday, October 3, 2026 at 09:00 AM IST to Sunday, November 1, 2026 at 05:00 PM IST.

Proposed Resolutions and Implications

Item No. 1: Appointment of Mr. Manu Yeshpal Singh as Director

  • Ordinary Resolution to appoint Mr. Manu Yeshpal Singh (DIN: 11687234) as Director (Executive) of the Company
  • Not liable to retire by rotation
  • Already appointed as Additional (Executive) Director w.e.f. September 19, 2026

Item No. 2: Appointment of Mr. Manu Yeshpal Singh as Managing Director

  • Ordinary Resolution to appoint as Managing Director for 5 years from September 19, 2026 to September 18, 2031
  • Will be redesignated as Managing Director and Chief Executive Officer
  • RBI approval received vide letter dated September 17, 2026
  • Fixed remuneration up to ₹3.08 crore per annum, with potential revision up to ₹4.80 crore per annum
  • Performance-linked variable pay not exceeding 110% of fixed remuneration
  • Currently holds 425,000 employee stock options

Item No. 3: Appointment of Mr. Sanjeev Srinivasan as Non-Executive Nominee Director

  • Ordinary Resolution to appoint Mr. Sanjeev Srinivasan (DIN: 07644073) as Non-Executive Nominee Director
  • Nominated by promoter Aquilo House Pte. Ltd.
  • 5-year term from September 19, 2026 to September 18, 2031
  • Liable to retire by rotation
  • To be paid profit-linked commission within approved limits
  • Replaces Mr. Anant Jain who resigned effective September 18, 2026

Voting Process and Methods

The company has engaged National Securities Depository Limited (NSDL) as the e-voting service provider. Voting will be conducted exclusively through remote e-voting with no physical ballot forms accepted. The notice is being sent only through electronic mode to members whose email addresses are registered as of the cut-off date.

Scrutinizer Appointment

The Board has appointed Mr. Rupesh Agarwal (ACS 16302, COP No. 5673) as Scrutinizer, with Mr. Shashikant Tiwari (F11919, COP No. 13050) and Mr. Lakhan Gupta (F12682, COP No. 26704) as alternates from M/s Chandrasekaran Associates, Company Secretaries.

Voting Results Timeline

The scrutinizer will submit the report to the Chairperson after scrutinizing the e-voting. Results will be declared on or before Tuesday, November 3, 2026 (within 2 working days or not later than 3 days from the end of e-voting period). Results will be communicated to BSE Limited, National Stock Exchange of India Limited, and MUFG Intime India Private Limited (RTA), and displayed on the company's website (www.aavas.in) and NSDL's website (www.evoting.nsdl.com).

Compliance with Laws and Regulations

The postal ballot is conducted in compliance with:

  • Section 108 and 110 of the Companies Act, 2013
  • Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (LODR) Regulations, 2015
  • Secretarial Standards on General Meetings (SS-2)
  • Multiple MCA Circulars including General Circular No. 14/2020, 17/2020, 09/2023, 09/2024, and 03/2025
  • RBI (Housing Finance Companies) Directions, 2025
  • RBI (Non-Banking Financial Companies - Governance) Directions, 2025

Additional Information

  • All shares of the company are held in demat mode as of the cut-off date
  • Members can inspect relevant documents electronically until November 1, 2026 by emailing investorrelations@aavas.in
  • The notice is available on company website (www.aavas.in), stock exchange websites, and NSDL's e-voting portal
  • Institutional shareholders must submit board resolutions/authority letters to the scrutinizer
  • Detailed voting instructions are provided for both demat and physical shareholders