Aadhar Housing Finance appointed Nikhil Goyal as an Additional Director on August 12, 2026. The Board of Directors approved the appointment following a recommendation from the Nomination and Remuneration Committee. The company also approved issuing a Notice of Postal Ballot to seek shareholder approval for Goyal’s appointment as a Non-Executive Nominee Director of the Promoter Company.

Appointment Details

Goyal joins the board with extensive experience in private equity and management consulting. He currently serves as Managing Director within the private equity business group of Blackstone Advisors India Private Limited. His focus areas include investments in financial services, energy transition, and digital infrastructure sectors.

Prior to joining Blackstone in 2015, Goyal worked as a management consultant with The Parthenon Group. He holds more than 10 years of experience in the financial services sector. Since joining Blackstone, he has been involved in key investments in the BFSI and IT sectors.

Educational Background

Goyal holds a bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology Delhi. He also holds a Master’s degree in Business Administration from the Wharton School at the University of Pennsylvania, where he graduated as a Palmer Scholar.

Regulatory Compliance

The appointment was made pursuant to Regulation 30 and 51(2) read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, updated on January 30, 2026.

Goyal confirmed that he is not related to any existing director. He also confirmed that he is not debarred from holding the office of Director by any order passed by SEBI or any other authority. Harshada Pathak, Company Secretary and Compliance Officer, signed the disclosure.

Aadhar Housing Finance Limited shareholders unanimously approved all five resolutions at its 36th Annual General Meeting (AGM) held on August 6, 2026. The key outcomes include authorization to issue non-convertible debentures (NCDs) via private placement, adoption of FY26 audited financial statements, and the appointment of M/s. N. M. Raiji & Co. as Joint Statutory Auditor. The clean passage of these items provides regulatory clearance for the company’s capital raising plans and ensures continuity in financial oversight for the next three years.

The meeting was conducted via Video Conference/Other Audio Visual Means (OAVM), with 98 members participating—97 from the public category and one from the promoter group. Out of 1,61,760 shareholders on the record as of July 30, 2026, approximately 78.2% of outstanding shares were represented in the voting process. M/s. Aashish K. Bhatt & Associates served as the independent scrutinizer, confirming that all votes were cast fairly through National Securities Depository Limited (NSDL). No invalid votes were recorded.

Voting Results by Resolution

The promoter group, holding 28,27,88,827 shares (approximately 64.6% of total equity), voted 100% in favor of all five resolutions. Public institutional investors and non-institutional shareholders also delivered strong support, particularly for the special resolution regarding NCD issuance.

The special resolution for issuing NCDs received near-unanimous support, with only 483 votes cast against it out of over 34 crore votes. This authorization enables Aadhar Housing Finance to raise debt capital efficiently, likely aimed at funding housing loans or optimizing its liability mix without diluting existing shareholder equity.

Governance and Auditor Updates

Shareholders re-appointed Mukesh Mehta (DIN: 08319159) as a Non-Executive Director upon his retirement by rotation. Additionally, M/s. N. M. Raiji & Co. (Firm Registration No. 108296W) was appointed as Joint Statutory Auditor for three financial years, from FY2026-27 till the conclusion of the AGM for FY2028-29. This appointment follows the completion of the tenure of M/s. Kirtane & Pandit LLP, who served as Joint Statutory Auditors from FY2023-24 till the conclusion of the AGM for FY2025-26. The commission payment structure for independent directors was also ratified, ensuring continued board independence.

What This Means for Investors

The unanimous approval signals strong stakeholder alignment with management’s strategic direction. The approved NCD issuance provides a flexible funding avenue that can support loan book growth while maintaining capital adequacy ratios. With no qualifications in the statutory or secretarial audit reports for FY26, the company maintains robust governance standards. Investors should monitor subsequent disclosures regarding the specific terms, coupon rates, and allotment details of the NCD issuance once finalized by the Board.