AAVAS Financiers seeks shareholder nod for director appointment

AAVAS Financiers Limited (AAVAS) announced a postal ballot and e-voting process to seek shareholder approval for the appointment of Mr. Rohit Ranjan (DIN: 00003480) as a non-executive non-independent director. The board of directors appointed Mr. Ranjan effective October 15, 2025, for a term of five years. This move follows Mr. Ranjan's nomination by Aquilo House Pte. Ltd., replacing Mr. Elcid Vergara, who resigned from the non-executive non-independent director position. Mr. Ranjan is a seasoned leader with over four decades of experience in banking and financial services, bringing expertise in governance, compliance, risk management, and audit oversight.

The company will use remote e-voting, with the cut-off date for eligibility set as Friday, November 28, 2025. E-voting will commence on Monday, December 8, 2025, at 9:00 A.M. (IST) and conclude on Tuesday, January 6, 2026, at 5:00 P.M. (IST). The results of the postal ballot are expected to be declared on or before Thursday, January 8, 2026. Shareholders will also vote on the remuneration for Mr. Ranjan in the form of profit-linked commission, within limits previously approved by members.

The postal ballot notice and related documents are available on the company's website (www.aavas.in/investor-relations/notice) and the websites of BSE Limited, National Stock Exchange of India Limited, and NSDL. Members can access the e-voting facility through NSDL, the agency engaged by AAVAS for this service. This process adheres to the Ministry of Corporate Affairs and SEBI regulations concerning postal ballots and e-voting.