Change in Director / Key Managerial Personnel

Nature of change: Re-appointment of Chief Compliance Officer (Senior Managerial Personnel).

Name and DIN of the individual: Mr. Sharad Pathak. A Director Identification Number (DIN) was not disclosed in the filing.

Effective date and tenure: The re-appointment is effective from October 01, 2026, for a period of 3 (Three) years.

Brief profile and relevant qualifications or experience: The annexure (Annexure-A) explicitly states that providing a brief profile is "Not Applicable" for this re-appointment.

Confirmation of eligibility under SEBI/BSE/NSE norms: The disclosure is made pursuant to Regulation 30 and 51 of the SEBI (LODR) Regulations, 2015, confirming compliance with listing obligations. The action is also taken pursuant to the Reserve Bank of India (Non-Banking Financial Companies – Compliance Function) Directions, 2026.

Relationship with other directors: The annexure states that disclosure of relationships between directors is "Not Applicable."

Previous KMP: Mr. Sharad Pathak is the incumbent being re-appointed to the same position.

Key Financial or Operational Approvals

The Board of Directors of the Company approved the re-appointment via a Circular Resolution passed on September 28, 2026. The decision was based on the recommendation of the Nomination and Remuneration Committee. The re-appointment is on the existing terms and conditions; no new financial terms were disclosed.

Strategic or Business Context

The re-appointment is a direct compliance action pursuant to the new Reserve Bank of India (Non-Banking Financial Companies – Compliance Function) Directions, 2026 dated July 31, 2026. This highlights the company's focus on adhering to evolving regulatory frameworks for NBFCs.

Any Other Material Information

Regulatory References: The disclosure cites multiple regulatory references:

  • SEBI (LODR) Regulations, 2015: Regulation 30 and 51.
  • SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
  • RBI (Non-Banking Financial Companies – Compliance Function) Directions, 2026 dated July 31, 2026.

Company Details:

  • Scrip Symbol on NSE: AAVAS

Date and Time of Disclosure: The event occurred on September 28, 2026, at 05:54 P.M. (IST).