AAVAS Financiers updates on debenture payments and ESOP scheme

AAVAS Financiers Limited has confirmed the timely payment of interest and part redemption for its Non-Convertible Debentures (NCDs) in compliance with SEBI regulations. On September 25, 2025, the company paid interest amounting to ₹72,78,082 (gross), with ₹7,27,808 deducted as TDS, resulting in a net payment of ₹65,50,274. Additionally, a partial redemption of ₹5,00,00,000 was made for the NCDs, leaving an outstanding amount of ₹30,00,00,000.

AAVAS Financiers also clarified the implementation mode for its Employee Stock Option Scheme – 2025 (“ESOP Scheme-2025”), approved by shareholders on September 16, 2025. The Nomination and Remuneration Committee reaffirmed the adoption of a "direct route" for the scheme's implementation on September 25, 2025. Any future shift to a Trust-based implementation will require shareholder approval as per SEBI regulations.

Furthermore, an amendment to Clause 11.2 of the ESOP Scheme-2025 was made to align with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. This amendment clarifies that the maximum number of Options granted to any Grantee during one year shall not "be equal to or exceed 1 percent of the issued capital" of the Company, unless approved by a special resolution from shareholders.