Aavas Financiers has appointed Mr. Vivek Anant Karve as a Non-Executive Independent Director for a term of five years effective June 23, 2026, subject to shareholder approval. The appointment, approved by the Board via a circular resolution on the recommendation of the Nomination and Remuneration Committee, fills the vacancy created by the completion of the tenure of Mrs. Kalpana Kaushik Mazumdar. Mrs. Mazumdar will cease to be a Non-Executive Independent Director effective from the close of business hours on June 22, 2026, stepping down from her roles as Chairperson of the Audit Committee and Member of the Corporate Social Responsibility & ESG Committee.

Mr. Karve is a Chartered Accountant, Cost Accountant, and B. Com. graduate from the University of Bombay with over 30 years of experience across consumer products, IT services, and financial services. His career includes leadership roles at P&G, ICICI, Siemens Information Systems, Marico Ltd., and Mahindra & Mahindra Financial Services Ltd. He served as Group Chief Financial Officer at Marico Ltd. for six years and most recently as Chief Financial Officer of the Financial Services Sector at Mahindra & Mahindra Financial Services Ltd. Currently, he serves as an Independent Director on the boards of Suryoday Small Finance Bank, Kaya Limited, Niva Bupa Health Insurance Co Limited, and Eternis Fine Chemicals Limited.

Consequent to these changes, the Board has reconstituted its key committees effective June 23, 2026, to ensure compliance with the Companies Act, 2013 and SEBI Listing Regulations. Mr. Karve has been designated as the Chairperson of the Audit Committee.

Committee Composition

Audit Committee

Corporate Social Responsibility & ESG Committee

The company confirmed that the composition of its Board and committees remains in compliance with regulatory requirements. The disclosures were made under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Aavas Financiers will host investor and analyst meetings in Mumbai and Jaipur on June 23 and 24, 2026. The company stated that discussions will rely solely on publicly available information and no unpublished price sensitive information will be shared during these sessions.

The management of Aavas Financiers will participate in a physical one-on-one or group meeting with JM Financials Investor Conference in Mumbai on June 23, 2026. The session is scheduled from 2:00 P.M. to 5:00 P.M. (IST).

On June 24, 2026, the company will hold a physical group meeting with existing and proposed investors in Jaipur. This meeting is set to take place from 10:00 A.M. to 12:00 P.M. (IST).

The company noted that the investor presentation has been uploaded on its website and was previously intimated to the stock exchanges via a letter dated May 05, 2026. Aavas Financiers also indicated that the schedule may change due to unforeseen exigencies on the part of the company, investors, or analysts.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Schedule