Demise of Independent Director and Chairperson Raj Vikash Verma

Management Changes View source PDF Explain this filing

AADHARHFC · price

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹447.05

prior close

₹445.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-1.1%+1.6% vs market

Housing Finance Company peers, median of 17sector-1.7%+2.1% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Smallcap 250 and 2.1 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.4

15m

-0.4

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.4-1.1+1.6-1.7+2.1

Next day

+1.1-3.4+4.5-2.7+3.8

+2.9-4.4+7.3-3.3+6.2

-1.6-7.1+5.5-6.6+5.1

-2.8-6.1+3.2-7.0+4.2

-2.3-4.0+1.7-6.7+4.4

-2.0-3.0+1.0-6.8+4.7

15d

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UpDownMarket · Nifty Smallcap 250Sector · Housing Finance Company peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Aadhar Housing Finance informed BSE and NSE of the sad demise of Mr. Raj Vikash Verma, Independent Director and Non-Executive Chairperson, on October 16, 2026 at 2:00 PM. He had been on the board since May 6, 2025. The Board offered condolences. A vacancy has been created at the Chairperson and Independent Director level, to be filled as required under SEBI listing rules.

Likely market impact

Loss of Chairperson and Independent Director; the company must fill the vacancy as per SEBI norms, leading to short-term governance uncertainty.