Aadhar Housing Finance announces a change in its senior management personnel due to an internal reporting structure adjustment. Mr. Noel Mascarenhas, previously designated as Senior Management Personnel (SMP), will transition from this role but remain with the company under a new reporting framework, effective October 10, 2025. This change does not represent a cessation of employment.
Senior Management Update
Aadhar Housing Finance has announced a change regarding its Senior Management Personnel (SMP) structure. Effective October 10, 2025, Mr. Noel Mascarenhas will no longer be considered an SMP due to adjustments in the company’s internal reporting framework.
Details of the Change
The change, effective as of the closure of business hours on October 10, 2025, means that Mr. Mascarenhas will no longer fall under the definition of SMP. This is attributed to internal restructuring within the company.
Continued Role Within the Company
Despite the change in SMP status, Mr. Noel Mascarenhas will continue his employment with Aadhar Housing Finance. He remains with the company, with a new reporting structure. His previous designation was Head – Marketing and Product.
Source: BSE
