Aavas Financiers has announced changes to its Board of Directors. Mr. Elcid Vergara resigned as Non-Executive Non-Independent Director, effective October 15, 2025. Simultaneously, Mr. Rohit Ranjan has been appointed as an Additional Non-Executive Non-Independent Director, also effective October 15, 2025, subject to shareholder approval. These changes reflect ongoing board adjustments within the company.
Board Restructuring
Aavas Financiers’ Board of Directors has undergone changes with a director resignation and a new appointment, demonstrating ongoing adjustments within the company’s leadership structure.
Director Resignation
The company has accepted the resignation of Mr. Elcid Vergara (DIN: 10769790) from his position as Non-Executive Non-Independent Director. His resignation is effective from October 15, 2025. The board acknowledged Mr. Vergara’s contributions during his tenure.
New Director Appointment
Mr. Rohit Ranjan (DIN: 00003480) has been appointed as an Additional Non-Executive Non-Independent Director, effective October 15, 2025. This appointment is subject to the approval of the company’s shareholders.
Mr. Rohit Ranjan’s Profile
Mr. Ranjan brings extensive experience in banking and financial services, with over four decades spanning both global and Indian institutions. Previously, he held senior leadership roles at Citibank India and served as President – Retail Lending at Axis Bank. His expertise includes governance, risk management, retail lending, and affordable housing finance.
Source: BSE
