Aavas Financiers Limited has informed the Exchange about Resignation of Director/KMP/SMP
AAVAS · price
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Mr. Sachinderpalsingh Jitendrasingh Bhinder has resigned as Managing Director and Chief Executive Officer of Aavas Financiers Limited, effective April 20, 2026, citing personal and professional commitments. The Board has simultaneously appointed Mr. Manu Yeshpal Singh as the new MD & CEO starting April 21, 2026. The incoming CEO brings over two decades of experience in retail lending and housing finance, having served as President & Business Head for Housing Finance at Kotak Mahindra Bank, where he oversaw a franchise of approximately Rs 70,000 crore. His appointment as Managing Director is subject to approval from RBI and shareholders. The outgoing CEO will continue in a senior advisory role to ensure continuity.
This represents a significant leadership transition for the housing finance company. The incoming CEO's strong track record at Kotak Mahindra Bank may be viewed positively by investors, though the conditional nature of his appointment (pending RBI and shareholder approval) adds some near-term uncertainty.