Change in Senior Management Personnel ("SMP") of the Company
AAVAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AAVAS Financiers Ltd announced a change in its Senior Management Personnel. Mr. Selvin Uthaman has resigned as Chief Business Officer with effect from May 01, 2026, citing personal and professional commitments. He had reportedly communicated his intention to resign earlier in January 2026. Simultaneously, the company has appointed Mr. Ripudaman Bandral, who was serving as Chief Credit Officer, as the new Chief Business Officer effective May 02, 2026. Mr. Bandral brings over 25 years of experience in business development, credit, and risk management, having previously worked with ICICI Bank, HDFC, and Indiabulls Home Loans. He has been with AAVAS for 5 years and is described as having strengthened the company's credit framework and risk management practices.
This represents an internal succession at the senior management level within the company. The departure of the CBO is stated to be for personal reasons and appears to be a planned transition with an internal successor already identified. This is a routine management change unlikely to have significant stock price implications.