Aavas Financiers: CFO and Chief Risk Officer resign; internal replacements named

Cfo ResignedKmp ResignedManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.2%1-day move

₹1473.10

prior close

₹1360.00

base price

After-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+5.0+4.3+4.4+4.6-1.2+0.9+1.4+1.2+3.5+2.7-1.6-2.5——

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AI summary

Aavas Financiers Board has accepted resignations of Mr. Ghanshyam Rawat (President and CFO) and Mr. Ashutosh Atre (President and Chief Risk Officer), effective September 21, 2026. Both cited personal and professional commitments and will be on garden leave until then. As replacements, Mr. Ghanshyam Gupta (18 plus years exp, 9 plus at Aavas) takes over as Interim CFO, and Mr. Punit Purushottam Agarwal (13 years exp, 9 at Aavas) is named Interim Chief Risk Officer for one year. Both start June 22, 2026. Replacements are internal and well-versed with the business.

Likely market impact

Continuity maintained as both replacements are internal with 9 plus years at Aavas; orderly transition over a three-month garden leave period.