Aptus Value Housing Finance India Limited has announced the completion of tenure of its Independent Director Mr. V. G. Kannan, who ceased to hold the position effective March 08, 2026. The company informed stock exchanges about this development through a regulatory filing under SEBI disclosure requirements.

Director Tenure Completion Details

Mr. V. G. Kannan, holding Director Identification Number (DIN) 03443982, completed his first term of five consecutive years as an Independent Director of the company. His tenure concluded at the close of business hours on March 08, 2026, following the natural expiration of his statutory term.

Regulatory Compliance

The company made this disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

The disclosure also complied with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, which mandates specific reporting requirements for changes in board composition.

Nature of Departure

Unlike resignation or removal scenarios, Mr. Kannan's departure represents the natural conclusion of his independent directorship tenure. The regulatory framework for Independent Directors typically limits their tenure to ensure independence and fresh perspectives in corporate governance.

The company's filing indicated that standard disclosure requirements related to resignation letters, detailed reasons for departure, and confirmation of no material reasons beyond those provided were marked as "Not Applicable" since this was a tenure completion rather than a voluntary resignation.

Corporate Governance Impact

The completion of Mr. Kannan's tenure reflects the company's adherence to corporate governance norms regarding Independent Director tenure limits. Companies are required to maintain appropriate board composition with Independent Directors serving defined terms to ensure effective oversight and governance.

Aptus Value Housing Finance India Limited has announced the allotment of 10,000 equity shares under its employee stock option scheme. The allotment was approved by the company's Resourcing & Business Committee of the Board of Directors on March 03, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Allotment Details

The company has allotted 10,000 equity shares of Rs. 2/- each to employees who exercised their stock options under the Aptus Employee Stock Option Scheme, 2021. This allotment represents the execution of employee stock options as part of the company's employee compensation and retention strategy.

Impact on Share Capital

Following this allotment, the company's paid-up share capital has increased accordingly. The share capital structure shows a marginal increase reflecting the exercise of employee stock options.

Regulatory Compliance and Next Steps

The newly allotted shares will rank pari-passu with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders. The company has informed both BSE Limited and National Stock Exchange of India Limited about this allotment as required under regulatory guidelines.

Aptus Value Housing Finance India Limited is currently in the process of completing other formalities related to the listing of these newly allotted securities. The company secretary and compliance officer, Sanin Panicker, has signed the regulatory filing digitally, confirming the completion of necessary compliance procedures for this share allotment.