Aavas Financiers has announced significant leadership changes following its Board meeting on September 18, 2026. Mr. Manu Yeshpal Singh has been appointed as the new Managing Director & Chief Executive Officer (MD & CEO), effective September 19, 2026, for a five-year term. Additionally, Mr. Sanjeev Srinivasan has joined as an Additional Non-Executive Nominee Director, also for a five-year term starting September 19, 2026. Mr. Anant Jain resigned as Non-Executive Nominee Director, effective September 18, 2026.
Leadership Transitions at Aavas Financiers
In a strategic move announced after its Board meeting on September 18, 2026, Aavas Financiers Limited has formalized key leadership appointments and accepted a resignation. These changes are effective from September 19, 2026, and are subject to shareholder approval.
New MD & CEO Appointed
Mr. Manu Yeshpal Singh has been appointed as the new Managing Director & Chief Executive Officer (MD & CEO) of the Company. This appointment, which is not liable to retire by rotation, will be for a period of five (5) years, commencing from September 19, 2026, up to September 18, 2031. Concurrently, his designation has been revised from Chief Executive Officer to Managing Director & Chief Executive Officer.
Additional Director Joins Board
The Board also approved the appointment of Mr. Sanjeev Srinivasan as an Additional Non-Executive Nominee Director. Nominated by Aquilo House Pte. Ltd (Promoter), Mr. Srinivasan’s appointment is also for a five-year term, from September 19, 2026 to September 18, 2031. He will be liable to retire by rotation.
Director Resignation Accepted
The Board noted and accepted the resignation of Mr. Anant Jain from his position as a Non-Executive Nominee Director. His resignation is effective from the close of business hours on September 18, 2026, citing personal reasons. The Board expressed its appreciation for Mr. Jain’s valuable contribution during his tenure.
Source: BSE
