AAVAS Financiers Ltd Share Price – NSE  / BSE

Finance, Small Cap

The company further said that Sachinderpalsingh Jitendrasingh Bhinder will continue in a role as a senior advisor to the company to provide continuity and support as may be required.

The board has also approved appointment of Manu Yeshpal Singh as the managing director & chief executive officer of the company, with effect from 21 April 2026. This appointment is subject to receipt of approval from the Reserve Bank of India and approval of the shareholders of the company.

The appointment of Manu Yeshpal Singh as the managing director of the company will be effective upon the date of receipt of approval from the Reserve Bank of India and the shareholders of the company.

Manu Singh will join Aavas from Kotak Mahindra Bank, where he served as President - Business Head, Housing Finance, overseeing its home loans business. He brings more than 25 years of experience across Kotak Mahindra Bank, Tata Capital and ICICI Bank, with a track record of scaling retail lending businesses across markets.

His career spans sourcing, credit, operations and collections, with deep experience in operating within regulated environments and a strong focus on risk management, governance and execution discipline.

AAVAS Financiers is engaged in long-term financing activity in the domestic markets to provide housing finance.

The company?s standalone net profit jumped 16.13% to Rs 170.05 crore in Q3 FY26, compared with Rs 146.42 crore posted in Q3 FY25. Total income increased by 12.8% YoY to Rs 674.62 crore in Q3 FY26.

The scrip advanced 1.45% to currently trade at Rs 1375.20 on the BSE.

The appointment will be effective from April 21, following receipt of necessary regulatory and shareholder approvals. The decision was taken by the Board of Directors after a structured succession planning process aimed at ensuring leadership continuity and strengthening governance as the company enters its next phase of growth.

Singh joins Aavas from Kotak Mahindra Bank, where he served as President ? Business Head, Housing Finance, overseeing the home loans business. He brings over 25 years of experience across Kotak Mahindra Bank, Tata Capital and ICICI Bank, with expertise in retail lending, credit, operations, and collections. His career has focused on scaling lending businesses in regulated environments, with emphasis on risk management, governance, and execution.

The company reiterated its focus on disciplined growth in the affordable housing finance segment, prudent underwriting, and continued investments in compliance, distribution, and technology to drive long-term value creation.

Sachinderpalsingh Jitendrasingh Bhinder will continue as senior advisor to ensure continuity and support during the transition period.

Sandeep Tandon, Chairperson of Aavas, said: ?Following a comprehensive succession process, the Board believes that Aavas is ready to enter the next phase of scalable growth on it?s ambitious journey. Manu Singh brings relevant sector expertise, operating experience and leadership capabilities, and we look forward to working with him as Aavas builds on the strong foundation already in place. ?

Sachinderpalsingh Jitendrasingh Bhinder, outgoing Managing Director & CEO said: It has been a privilege to lead Aavas and to be part of its journey in building a strong and resilient affordable housing franchise. I want to place on record my deep gratitude to our Board for their unwavering support, and the trust they placed in the management team at every step of this journey. I am proud of what we have collectively achieved - expanding the business, while upholding strong compliance and governance. I am confident that under Manu?s leadership, Aavas will build on this strong foundation and continue to serve the millions of families who deserve a home of their own.

On his appointment, Manu Yeshpal Singh said: Aavas has established a strong foundation in affordable housing finance, backed by robust risk management and deep on-ground expertise. I look forward to working with the Board, the management team, employees and the regulators to build on this platform and drive the next phase of sustainable growth, while continuing to serve customers with discipline and care.

AAVAS Financiers is engaged in long-term financing activity in the domestic markets to provide housing finance.

The company?s standalone net profit jumped 16.13% to Rs 170.04 crore in Q3 FY26, compared with Rs 146.42 crore posted in Q3 FY25. Total revenue from operations soared 12.97% to Rs 674.19 crore in Q3 FY26 as against Rs 596.74 crore posted in Q3 FY25.

The scrip declined 0.20% to Rs 1,345 on the BSE.

Aavas Financiers announced that its board of directors has approved the appointment of Manu Singh as Managing Director & CEO subject to the Reserve Bank of India approval, with effect from 21 April 2026.

Manu Singh will join Aavas from Kotak Mahindra Bank, where he served as President - Business Head, Housing Finance, overseeing its home loans business. He brings more than 25 years of experience across Kotak Mahindra Bank, Tata Capital and ICICI Bank, with a track record of scaling retail lending businesses across markets. His career spans sourcing, credit, operations and collections, with deep experience in operating within regulated environments and a strong focus on risk management, governance and execution discipline.

The appointment of Mr. Manu Singh as the Managing Director of the Company will be effective upon the date of receipt of approval from the Reserve Bank of India and approval of the shareholders of the Company.

The board of AAVAS Financiers at its meeting held on 20 April 2026 has approved the following change in directorate:

1. Taken note of, and accepted, the resignation of Sachinderpalsingh Jitendrasingh Bhinder (DIN:08697657) from the position of Managing Director & Chief Executive Officer of the Company, with effect from close of business hours on 20 April 2026.

2. Approved the appointment of Manu Yeshpal Singh as the Managing Director (subject to receipt of approval from the Reserve Bank of India and approval of the shareholders of the Company) & Chief Executive Officer of the Company, with effect from 21 April 2026.