Aavas Financiers Limited has announced the appointment of Mr. Ashish Gautam as the new Head of Operations, effective August 11, 2025. This strategic move, approved by the company's Board of Directors through a Circular Resolution, aims to strengthen the senior management team of the housing finance company.

Appointment Details

The appointment of Mr. Gautam as a Senior Managerial Personnel was based on the recommendation of the Nomination and Remuneration Committee. The company disclosed this information in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Extensive Experience

Mr. Ashish Gautam brings a wealth of experience to his new role at Aavas Financiers. With over 23 years in the Banking and Financial Services Sector, his expertise spans several critical areas:

• Operations Management
• System Implementation
• Digital transformation
• Machine learning & Automation
• Vendor Management
• Business Development
• Client Servicing
• People Management

This diverse skill set is expected to contribute significantly to Aavas Financiers' operational efficiency and strategic growth initiatives.

Company's Disclosure

Saurabh Sharma, Company Secretary and Compliance Officer of Aavas Financiers Limited, confirmed the appointment in an official communication to the National Stock Exchange of India Limited and BSE Limited. The company has also made this information available on its website under the Investor Relations section.

Looking Ahead

The appointment of Mr. Ashish Gautam as Head of Operations comes at a time when financial institutions are increasingly focusing on digital transformation and operational excellence. His extensive experience in these areas could play a crucial role in driving Aavas Financiers' future growth and operational strategies.

Aavas Financiers , a prominent player in the financial services sector, has recently undergone a significant change in its ownership structure. Aquilo House Pte. Limited has acquired a 48.96% stake in the company, becoming the new promoter.

Acquisition Details

The acquisition of the substantial stake by Aquilo House was achieved through a combination of an open offer and share purchase agreements:

• Open Offer: Aquilo House acquired a 22.50% stake through an open offer.
• Share Purchase Agreements: Additional shares were purchased from existing shareholders, including Lake District Holdings Ltd, Partners Group ESCL Ltd, and Partners Group Private Equity.

Implications of the Change

This change in ownership structure has several implications for Aavas Financiers:

1. New Promoter: Aquilo House Pte. Limited is now the new promoter of Aavas Financiers, potentially bringing new strategic direction to the company.

2. Outgoing Shareholders: The previous major shareholders, including Lake District Holdings Ltd and Partners Group entities, have requested reclassification to the public category.

3. Ownership Concentration: With a 48.96% stake, Aquilo House now holds a significant controlling interest in the company.

4. Corporate Governance: The change may impact the company's decision-making processes and corporate governance structure, as the new promoter takes charge.

5. Market Perception: Investors and market analysts may view this change as a significant development, potentially affecting the company's market valuation and investor sentiment.

Looking Ahead

As Aavas Financiers navigates this transition, stakeholders will likely be keen to understand the full implications of this change. Key areas of interest may include:

• The strategic vision of the new promoter, Aquilo House Pte. Limited
• Any potential changes in the company's management or board composition
• The impact on the company's business operations and growth strategies

The financial community will be closely monitoring how this shift in ownership might influence Aavas Financiers' strategic direction, operational decisions, and overall market performance in the future.