Nature of the Event

This document discloses the outcome of a postal ballot conducted by Aavas Financiers Limited (Scrip Code: 541988, CIN: L65922RJ2011PLC034297) for shareholder approval of three director appointments. The disclosure is made pursuant to Regulations 30, 51, and 44(3) of the SEBI (LODR) Regulations, 2015.

Key Dates

  • Postal Ballot Notice Date: September 30, 2026
  • Record Date: September 25, 2026
  • E-voting Period: October 03, 2026 (9:00 AM IST) to November 01, 2026 (5:00 PM IST)
  • Vote Counting/Unblocking: November 01, 2026 at 07:20 PM IST
  • Scrutinizer's Report Date: November 02, 2026
  • Disclosure Date: November 02, 2026

Resolutions Passed & Voting Results

All three ordinary resolutions were passed by the requisite majority. The total number of shareholders on the record date was 111,874. A total of 273 members, holding 64,608,179 equity shares, participated in the remote e-voting process, representing 81.0214% of the total outstanding 79,294,327 shares.

Resolution 1: Appointment of Mr. Manu Yeshpal Singh (DIN: 11687234) as Director

  • Result: Passed as an Ordinary Resolution.
  • Total Votes Polled: 64,245,385 (81.0214% of outstanding shares)
  • Votes in Favour: 64,146,437 (99.8460% of votes polled)
  • Votes Against: 98,948 (0.1540% of votes polled)
  • Promoter Group Voting: 38,757,228 shares voted 100% in favour.
  • Public Institutions Voting: 25,468,359 shares voted; 99.6116% in favour, 0.3884% against.
  • Public Non-Institutions Voting: 19,798 shares voted; 99.8535% in favour, 0.1465% against.

Resolution 2: Appointment of Mr. Manu Yeshpal Singh (DIN: 11687234) as Managing Director

  • Result: Passed as an Ordinary Resolution.
  • Total Votes Polled: 64,245,385 (81.0214% of outstanding shares)
  • Votes in Favour: 60,332,018 (93.9087% of votes polled)
  • Votes Against: 3,913,367 (6.0913% of votes polled)
  • Promoter Group Voting: 38,757,228 shares voted 100% in favour.
  • Public Institutions Voting: 25,468,359 shares voted; 84.6345% in favour, 15.3655% against.
  • Public Non-Institutions Voting: 19,798 shares voted; 99.8535% in favour, 0.1465% against.
  • Tenure: 5 years, effective from September 19, 2026, to September 18, 2031.

Resolution 3: Appointment of Mr. Sanjeev Srinivasan (DIN: 07644073) as Non-Executive Nominee Director

  • Result: Passed as an Ordinary Resolution. Promoters were interested in this resolution.
  • Total Votes Polled: 64,245,385 (81.0214% of outstanding shares)
  • Votes in Favour: 63,932,743 (99.5134% of votes polled)
  • Votes Against: 312,642 (0.4866% of votes polled)
  • Promoter Group Voting: 38,757,228 shares voted 100% in favour.
  • Public Institutions Voting: 25,468,359 shares voted; 98.7728% in favour, 1.2272% against.
  • Public Non-Institutions Voting: 19,798 shares voted; 99.5656% in favour, 0.4344% against.
  • Tenure: 5 years, effective from September 19, 2026, to September 18, 2031. His office is liable to retire by rotation.
  • Appointment Basis: Nominated by promoter Aquilo House Pte. Ltd.

Scrutinizer's Report

Mr. Shashikant Tiwari (FCS F11919, COP No. 13050), a partner of M/s. Chandrasekaran Associates, was appointed as the Scrutinizer. The report confirms the e-voting process was conducted via NSDL and the votes were unblocked in the presence of two independent witnesses, Mr. Ankit Kapoor and Ms. Mansi Saxena. No invalid votes were cast. The notice was dispatched via email only, in line with MCA circulars, and advertisements were published in the Financial Express (English) and Business Remedies (Hindi) on October 02, 2026.

Regulatory Context & Rationale

The appointments were made pursuant to approval letters from the Reserve Bank of India (RBI) dated September 17, 2026, and in accordance with the Companies Act, 2013, SEBI LODR Regulations, 2015, RBI (Housing Finance Companies) Directions, 2025, and RBI (Non-Banking Financial Companies – Governance) Directions, 2025. Mr. Singh had already been appointed as an Additional (Executive) Director effective September 19, 2026, pending shareholder approval.

Financial Impact

No direct financial impact is quantified in the disclosure for the director appointments. For Mr. Sanjeev Srinivasan, the resolution states he will be paid remuneration in the form of profit-linked commission within limits previously approved by shareholders on November 06, 2023.

#Tags: #AavasFinanciers #ManagementChange #SEBIDisclosure #RegulatoryCompliance #CorporateGovernance