Aavas Financiers Limited has informed the Exchange about Resignation of Director/KMP/SMP

Aavas Financiers announced that Mr. Sachinderpalsingh Jitendrasingh Bhinder has resigned from the position of Managing Director & Chief Executive Officer, effective close of business hours on April 20, 2026, citing personal and professional commitments. He will, however, continue with the company in a senior advisor role to ensure continuity. The Board, on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Manu Yeshpal Singh as the new Managing Director & CEO, effective April 21, 2026 (MD role subject to RBI and shareholder approval). Mr. Singh brings over 20 years of experience in retail lending and housing finance, most recently serving as President & Business Head for Housing Finance at Kotak Mahindra Bank, where he oversaw a ~70,000 crore franchise. He has also held senior roles at Tata Capital, ICICI Bank, and Tata Motors.