Aavas Financiers announces board reshuffle, appoints Rohit Ranjan as director

Aavas Financiers Limited has announced a change in its board of directors, effective October 15, 2025. Elcid Vergara, a non-executive non-independent director nominated by Aquilo House Pte. Ltd., has resigned from his position due to personal reasons. The company's board of directors acknowledged his valuable contributions during his tenure.

Concurrently, the board has approved the appointment of Rohit Ranjan as an additional non-executive non-independent director, also nominated by Aquilo House Pte. Ltd. His appointment is effective from October 15, 2025, and is subject to shareholder approval. Ranjan brings over four decades of experience in banking and financial services, with prior senior leadership roles at Citibank India and as president – retail lending at Axis Bank.

Ranjan’s term of appointment is for five years, liable to retire by rotation. He is not related to any other director of Aavas Financiers and is not debarred from holding a directorship by any SEBI order.