AAVAS Financiers Ltd

Meeting Details

• Board meeting scheduled for Monday, October 26, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the Quarter and Half Year ended September 30, 2026.

Other Notes

• Trading window closed from October 01, 2026 till 48 hours after results declaration.

ESG rating disclosure

• Crisil ESG Ratings assigned ESG 68 (Strong) and Core ESG 79 to AAVAS Financiers Ltd.
• Rating provider Crisil ESG Ratings & Analytics Ltd is SEBI-registered ESG rating provider.
• AAVAS did not engage Crisil; rating assigned voluntarily based on fiscal 2026 disclosures and public data.
• Event date/time: September 30, 2026, 5:26 PM.
• Details are published on the company ESG page.

Compliance leadership change

• Re-appointment of Sharad Pathak as Chief Compliance Officer (Senior Managerial Personnel) for 3 years from Oct 01, 2026.
• Term: 3 years from Oct 01, 2026.
• Reason: RBI Directions 2026 and Nomination & Remuneration Committee recommendation.
• Board approval via circular resolution dated Sep 28, 2026.
• Brief profile: Not Applicable.
• Disclosure of relationships with other directors: Not Applicable.
• Impact on board/committee: No impact noted.

AAVAS FINANCIERS LIMITED - Closure of Trading Window from October 01, 2026 till 48 hours after the declaration and submission of Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026

Rating action details

• Long-term bank facilities: Rs 12,762 crore; CARE AA (RWD); Rating Watch with Developing Implications.
• NCDs: Rs 1,259.92 crore; CARE AA (RWD); Rating Watch with Developing Implications.
• NCDs: Rs 100 crore; CARE AA (RWD); rating assigned; Rating Watch with Developing Implications.
• Proposed NCD issue: Rs 100 crore; CARE AA (RWD); assigned; Rating Watch with Developing Implications.
• Total rated facilities: Rs 14,121.92 crore.

Rationale and observations

• Rationale cites leadership changes and potential impact on credit risk profile.
• Recent FY26 and Q1FY27 performance considered in rating assessment.
• Overall ratings on CARE AA (RWD); Rating Watch with Developing Implications across instruments.

ESG rating update

• ESG Risk Assessments and Insights Limited assigned a 69 (Strong) ESG rating.
• Company did not engage the rating provider; rating assigned voluntarily.
• Rating based on publicly available information; details on the company's ESG page.
• Disclosure date/time: September 23, 2026 04:37 PM.

Appointment of Chief Credit Officer

• Type of change: appointment of Chief Credit Officer (Senior Managerial Personnel).
• Effective date: September 23, 2026; term as per Letter of Appointment.
• Reason: based on Nomination and Remuneration Committee recommendation.
• Name and designation: Mr. Nitin Rughwani, Chief Credit Officer.
• Brief profile: seasoned credit and risk leader with over two decades.
• Previous roles: senior positions at Shriram Finance, Yes Bank, Tata Capital.
• Qualifications: ICAI member; B.Com from Delhi University.
• Relationships: not applicable with other directors.
• Impact on governance: not specified.

NHB refinance penalties and repayment

• NHB communicated penalties on NHB refinance loans totaling INR 1.09 crore.
• NHB directs repayment of refinance facility comprising approximately INR 12.24 crore.
• Aavas will take necessary actions to comply with the directions.
• Information to be posted on the company's website.

KMPs authorized for materiality disclosures

• Manu Yeshpal Singh, MD & CEO, authorized; email investorrelation@aavas.in; phone 141-4659221.
• Ghanshyam Gupta, Interim CFO, authorized; email investorrelation@aavas.in; phone 141-4659221.
• Saurabh Sharma, Company Secretary & Compliance Officer, authorized; email investorrelation@aavas.in; phone 141-4659221.
• Info will be available on the company website www.aavas.in.