Aavas Financiers appoints Vivek Karve as Independent Director; one ID's tenure ends
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Aavas Financiers has appointed Mr. Vivek Anant Karve as an Additional Non-Executive Independent Director for a 5 year term from June 23, 2026, subject to shareholder approval. Karve is a Chartered Accountant and Cost Accountant with over 30 years of experience, and was formerly CFO of Marico Ltd and CFO of Financial Services at Mahindra and Mahindra Financial Services. He will chair the Audit Committee. Mrs. Kalpana Kaushik Mazumdar will complete her tenure as Independent Director on June 22, 2026 and step down as Audit Committee Chairperson.
Routine board refresh with a financially experienced new Audit Committee Chairperson. No material change expected for shareholders.