Aye Finance has updated its list of authorized Key Managerial Personnel (KMP) following the resignation of Vipul Sharma as Company Secretary, Compliance Officer, and Chief Compliance Officer. The Board of Directors authorized the KMPs to determine the materiality of events and make necessary disclosures to the stock exchanges under Regulation 30 of the SEBI Listing Regulations. The company submitted the updated details to BSE Limited and National Stock Exchange of India Limited on June 15, 2026.

The updated list identifies the designated officers responsible for disclosures and compliance. Mr. Sanjay Sharma, Managing Director, and Mr. Gaurav Seth, Chief Financial Officer, are the authorized personnel. The communication was signed by Gaurav Seth, Chief Financial Officer, on behalf of Aye Finance Limited.

Authorized Key Managerial Personnel

The table below details the current authorized KMPs and their contact information:

aye finance has approved the issuance of senior, secured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs) for an amount of up to the Indian Rupees (INR) equivalent of USD 15 million. The decision was taken by its Working Committee of Asset and Liabilities Committee (WALCO) during a meeting held on June 8, 2026. The issuance aims to bolster the company's financial resources through debt securities on a private placement basis.

The debentures will have a face value of INR 1,00,000 each and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The tenure of the instrument is set at 5 years from the Deemed Date of Allotment, which is proposed to be June 25, 2026. The maturity date is scheduled for June 25, 2031.

Key Issue Details

The table below outlines the primary specifications of the debt instrument:

The coupon or interest rate will be determined in accordance with the transaction documents based on any currency and/or interest hedging agreements. Interest on the debentures shall be payable semi-annually on the last day of each coupon period. The principal amount will be redeemed in 5 equal instalments commencing from 1.5 years from the date of allotment.

Security and Default Terms

The security for the discharge of the secured obligations consists of a first ranking exclusive charge created by way of hypothecation over identified assets and receivables. The value of the hypothecated assets must be at least 1.1 times the value of the outstanding amounts at all times until the debentures are fully redeemed.

In the event of a delay in payment of interest or principal for more than three months, or any other event of default, the company will pay default interest of 2% per annum over the coupon rate on the entire unpaid amounts for the period of default.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE501X01029/bef650b99b534f4d.pdf