Aavas Financiers Limited has successfully completed its postal ballot process, with shareholders approving the appointment of Mr. Rohit Ranjan as Non-Executive Non-Independent Director. The resolution was passed on January 06, 2026, through remote e-voting with requisite majority support, as confirmed by the scrutinizer's report dated January 07, 2026.

Voting Results and Participation

The postal ballot witnessed strong shareholder participation across all categories. The voting results demonstrate overwhelming support for the proposed appointment:

A total of 344 members participated in the voting process, with 309 members voting in favor and 35 members voting against the resolution. Notably, 5 members holding 367,776 equity shares exercised partial votes both in favor and against the resolution.

Director Appointment Details

Mr. Rohit Ranjan (DIN: 00003480) was initially appointed as an Additional Director by the Board of Directors with effect from October 15, 2025. The postal ballot sought shareholder approval for his appointment as Non-Executive Non-Independent Director for a term of 5 years, with his office being liable to retire by rotation.

Scrutinizer's Report and Process

Mr. Shashikant Tiwari, Partner of M/s. Chandrasekaran & Associates (Membership No. F11919), served as the scrutinizer for the postal ballot process. The scrutinizer's report was submitted on January 07, 2026, confirming that the resolution was passed with requisite majority as an Ordinary Resolution.

Voting Process and Timeline

The postal ballot process was conducted entirely through remote e-voting, following regulatory guidelines. Key dates and procedural details include:

• Record Date: November 28, 2025
• Postal Ballot Notice Date: December 01, 2025
• Notice Dispatch Completion: December 04, 2025
• E-voting Period: December 08, 2025 (9:00 AM) to January 06, 2026 (5:00 PM)
• Result Declaration: January 07, 2026

The company engaged National Securities Depository Limited (NSDL) as the agency to provide e-voting facilities. Newspaper advertisements were published on December 05, 2025, in "Financial Express" (English) and "Business Remedies" (Hindi) to inform shareholders about the postal ballot process.

Regulatory Compliance

The postal ballot was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, and Regulation 30 and 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company dispatched notices through email only, pursuant to MCA circulars, to members whose email IDs were registered with depositories or the registrar and transfer agent. The voting results and scrutinizer's report are available on the company's website and NSDL's e-voting portal for stakeholder reference.

Aavas Financiers Executive Committee has approved the issuance of unlisted secured non-convertible debentures worth approximately ₹975.00 crores to a multilateral institution. The approval was granted during the Executive Committee meeting held on December 23, 2025, pursuant to authority entrusted by the Board of Directors.

NCD Structure and Details

The debentures will be issued as unlisted, secured, unrated, redeemable and coupon bearing non-convertible debentures with a face value of ₹2.00 crores each. The issuance structure comprises two tranches with three series, designed to provide flexible financing options.

Tranche and Series Breakdown

The NCD issuance is structured in two distinct tranches comprising three series to optimize funding requirements and repayment schedules.

Coupon and Redemption Terms

The debentures feature differentiated coupon structures across series. Series 1 coupon will be determined near the actual issuance date based on agreed mechanisms, while Series 2 will carry Series 1 coupon minus 150 basis points. Series 3 will have the same coupon rate as Series 2.

Coupon payments will be made semi-annually, with Tranche 1 having a fourteen-period payment schedule and Tranche 2 having a twelve-period schedule. The company will partially redeem Tranche 1 debentures in 12 equal installments starting from the third coupon payment date, while Tranche 2 will be redeemed in 8 equal installments starting from the fifth coupon payment date.

Security and Regulatory Compliance

The debentures will be secured by a first ranking exclusive charge on specific and identified receivables that are not NPAs by RBI definition and have not been restructured in the past 12 months. The security cover will be maintained at 110.00% of the aggregate value of interest due and outstanding principal at all times.

The issuance is being conducted under the authority approved by members through special resolution passed at the 15th Annual General Meeting held on September 16, 2025, ensuring full regulatory compliance under the Companies Act, 2013 and applicable SEBI regulations.