Aavas Financiers Limited has announced key leadership changes. Mr. Sandeep Tandon has resigned as Chairperson and Non-Executive Independent Director, effective July 31, 2026, citing personal commitments. Concurrently, the board has appointed Mr. Vellur Gopalaraghavan Kannan as an Additional Director and Chairperson, effective August 1, 2026. The company also confirmed the reconstitution of several board committees to reflect these changes.
Board Leadership Transitions
Aavas Financiers Limited has announced significant changes to its Board of Directors. Mr. Sandeep Tandon has resigned from his positions as Chairperson and Non-Executive Independent Director, with his resignation taking effect from the close of business hours on July 31, 2026. Mr. Tandon cited personal and professional commitments as the reasons for his departure.
The company expressed its deep gratitude and sincere appreciation for Mr. Tandon’s exemplary leadership and substantial contributions during his tenure.
New Appointments and Committee Reconstitutions
Following Mr. Tandon’s resignation, the Board of Directors has approved the appointment of Mr. Vellur Gopalaraghavan Kannan as an Additional Director in the category of Non-Executive Independent Director. This appointment is for a term of five consecutive years, commencing from August 01, 2026, up to July 31, 2031, subject to shareholder approval.
Furthermore, Mr. Vellur Gopalaraghavan Kannan has been appointed as the Chairperson of the Board of Directors, effective August 01, 2026, for a period of one year. Mr. Kannan brings over 40 years of leadership experience in the Banking, Financial Services, and Insurance (BFSI) sector, including significant roles at the State Bank of India (SBI) and as Chief Executive of the Indian Banks’ Association (IBA).
In consequence to these appointments and the resignation, the Board has also approved the reconstitution of the Stakeholders Relationship Committee, IT Strategy Committee, Nomination and Remuneration Committee, and Audit Committee, effective from August 01, 2026.
Source: BSE
