Aavas Financiers Limited has informed the Exchange about Resignation of Director/KMP/SMP
AAVAS · price
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Mr. Selvin Uthaman has resigned as Chief Business Officer (CBO) and Senior Management Personnel (SMP) effective May 1, 2026, citing personal and professional commitments. The Board has approved the appointment of Mr. Ripudaman Bandral, currently Chief Credit Officer and SMP, as the new Chief Business Officer effective May 2, 2026. Bandral brings over 25 years of experience in business development, credit, and risk management, having been associated with ICICI Bank, HDFC, and Indiabulls before joining Aavas 5 years ago. The change was recommended by the Nomination and Remuneration Committee and approved via circular resolution on May 1, 2026.
The departure of the CBO represents a key leadership change in the business development function. The internal promotion of Mr. Bandral suggests operational continuity, though investors may monitor for any disruption in business growth as he transitions from the credit function.