Alpha Wave India I LP has disposed of its entire stake in Aye Finance , selling all 19,188,604 shares on the open market. The transaction reduces the investor’s holding to nil.

The sale, executed on August 27, 2026, represents 7.78% of the company’s total voting capital and 7.56% of its diluted share capital. Alpha Wave India was not part of the promoter group prior to the exit.

Transaction Details

The disposal was disclosed pursuant to Regulation 29(2) of the SEBI Takeover Regulations, 2011. The filing confirms the mode of sale as open market transactions.

Aye Finance’s total equity share capital remains unchanged at 246,784,266 shares with a face value of ₹2 per share. The total diluted share capital stands at 253,928,780 shares.

Aye Finance has appointed Anuj Jain as Company Secretary and Compliance Officer, effective August 26, 2026. The Board of Directors approved the appointment during its meeting held on the same date.

Jain has also been designated as the Chief Compliance Officer in accordance with the RBI (NBFC- Compliance Function) Directions, 2026. He holds the status of Key Managerial Personnel and Senior Management Personnel within the organization.

Professional Background

Jain brings over 16 years of experience in corporate governance, regulatory compliance, and risk management. His expertise covers regulations from the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Ministry of Corporate Affairs (MCA).

He previously held senior positions at:

• Religare Broking
• Religare Enterprises
• Shubham Housing
• Goyal Group

His profile highlights a track record in strengthening internal controls and managing regulatory inspections. As a law graduate, he also possesses experience in corporate litigation and recovery proceedings.

Regulatory Compliance

The appointment was made pursuant to Regulations 6(1), 30, and 51 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The Board’s decision followed a recommendation from the Nomination and Remuneration Committee.

Gaurav Seth, Chief Financial Officer, signed the intimation filed with BSE Limited and National Stock Exchange of India Limited.