AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Newspaper Publication
In pursuance of the captioned regulation, please find enclosed herewith the copies of Newspaper clippings of Notice of the Postal Ballot published by the Company with regards to captioned subject. AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
In reference to letter No. AAVAS/SEC/2021-22/753 dated October 23, 2021, please find attached the transcript in respect to the earning conference call on the financial and operational performance of the Company for the quarter & half year ended September 30, 2021 held on Friday, October 29, 2021 at 03:30 P.M. (IST). AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please find attached herewith details of call held between management of the company and investor/analyst AAVAS Financiers Ltd - 541988 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Postal Ballot Notice dated October 28, 2021, which is being sent to the Members of the Company. AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper clippings of Unaudited Financial Results for quarter and half year ended September 30, 2021 of the Company.
Q2FY22 Quarterly Result Announced for Aavas Financiers Ltd.
H1 FY22 Highlights: AUM of Rs. 101,481 Mn; Growth of 21% YoY PAT at Rs. 1,522 Mn; Growth of 31% YoY Gross Stage 3 at 0.96%; Increased by 49 bps YoY ROA at 3.25%; Increased by 36 bps YoY Sufficient Liquidity of Rs. 23,890 Mn Positive ALM & Strong Capital Base Performance Highlights: AUM as on 30th September 2021 is Rs. 101,481 Mn of which Home Loans contributed 72.1% Other Mortgage Loans contributed 27.9% The total number of branches stands at 297 as on 30th September 2021 Gross Stage 3 is 0.96% and Net Stage 3 is 0.72% 82.4% of our borrowings are from Term Loans, Assignment and NHB Refinancing. 17.6% of our borrowings are from debt capital market (of which 72.0% is from development finance institutions like IFC, CDC & ADB), with no borrowings by way of Commercial Papers. The Company has a Networth of Rs. 25,700 Mn as on 30th September 2021 Commenting on the performance Mr. Sushil Kumar Agarwal, CEO said: “Dear All. Hope everybody is keeping safe & healthy. During the quarter, our Company crossed an important milestone of Rs. 100 Bn AUM. This year we are also celebrating 10 years of our operations and I would like to thank all our stakeholders for their continued support. We strive to continue on our path of calibrated & consistent growth in the future as well. Business activity which started to pick up in second half of Q1 FY22 has displayed strong resilience and continued to improve on a month-on-month basis during Q2 FY22. During the quarter, we disbursed Rs. 9,016 Mn registering 35% YoY growth while for the half year, we have overall disbursed Rs. 13,641 Mn registering 55% YoY growth. As on 30th September 2021, we maintained a sufficient liquidity of Rs. 23,890 Mn in the form of cash & cash equivalents and unavailed documented sanctions. During the half year, we have started operations in Odisha & Karnataka and our branch network stands at 297 as of 30th September 2021. As per RBI’s Resolution Framework 2.0 dated 5th May 2021, we have implemented resolution plan for certain borrower accounts during the half year. Such accounts with an outstanding amount of Rs. 1,482.6 Mn have been classified as Stage 2 and provided for as per the guidelines. Last but not the least, I am happy to inform you that even in the current challenging environment, our Company’s long-term rating outlook has been revised by CARE from “AA- /Stable” to “AA-/Positive” during the quarter. On behalf of the entire Aavas family, here is wishing you & your families a happy & prosperous Diwali." Result PDF AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Investor Presentation
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed herewith a copy of Investor Presentation of the Company on the Unaudited Financial Results for the quarter and half year ended September 30, 2021. AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed herewith the Investor Release on the Financial and Operational performance of the Company for the quarter and half year ended September 30, 2021. AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
In view of the RBI Guidelines mentioned in the attached document, we wish to inform you that the Board of Directors on the recommendation of Audit Committee at its Meeting held today i.e. October 28, 2021 recommended to the Members of the Company, the appointment of M/s. Walker Chandiok & Co LLP Chartered Accountants, (Firm Registration No. 001076N/N500013) as the Statutory Auditors of the Company for a period of 3 (three) consecutive years and to hold office with effect from the date on which the Members of the Company would approve the said appointment and until the conclusion of the 14th Annual General Meeting to be held in the calendar year 2024, subject to the said firm continuing to fulfill their applicable eligibility norms.