Intimation for appointment of Director under Regulation 30 SEBIO LODR regulations.
Awaiting price reaction for this filing.
The Board of Aadhar Housing Finance Limited, at its meeting on May 6, 2025, approved the appointment of Mr. Raj Vikash Verma (DIN: 03546341) as an Additional Independent Director, effective May 6, 2025, for a term of 5 years, subject to shareholder approval. Mr. Verma brings around 40 years of experience in banking, finance, housing, and mortgage sectors, having held senior roles at the Reserve Bank of India, National Housing Bank (as Chairman & MD), PFRDA, and AU Small Finance Bank (as Chairman). He also holds a Master's in Economics from Delhi School of Economics and an MBA from FMS, Delhi University. The filing confirms he is not debarred by SEBI or any other authority and is not related to any existing director on the board.
This is a routine board strengthening move that adds a highly experienced former banking and housing finance regulator to the board, which may enhance governance and domain expertise. It is unlikely to cause any immediate share price movement, though it signals continued focus on independent oversight.