Demise of Independent Director and Non-Executive Chairperson
Aadhar Housing Finance Ltd regrets to inform the untimely and sad demise of Mr. Raj Vikash Verma, Independent Director and Non-Executive Chairperson, on Friday, 16th October 2026.
By ScoutQuest · · 2 min read
- Event Date
- Friday, 16th October 2026
- Cessation Effective Date
- 16th October 2026
- Positions Ceased
- Independent Director and Non-Executive Chairperson
Aadhar Housing Finance Ltd has informed BSE and the National Stock Exchange of India about the untimely and sad demise of Mr. Raj Vikash Verma, Independent Director and Non-Executive Chairperson of the Company, on Friday, 16th October 2026.
What the update says
- Mr. Verma was appointed as an Independent Director on the Board of Directors of the Company with effect from 6th May, 2025, and the Company said it immensely benefited from his vision and guidance during his tenure.
- The Company described his sudden and unexpected demise as an irreparable loss to the Company.
- The Board of Directors, the Management and employees of the Company conveyed their deepest condolences to his family and loved ones during this difficult time.
- Date and time of occurrence of the event/information: October 16, 2026 at 2:00 P.M.
Change recorded on the Board
- Mr. Raj Vikash Verma (DIN: 03546341) ceased to be Independent Director and Non-Executive Chairperson of the Company with effect from 16th October 2026, upon his sad demise.
- Date of cessation given in the disclosure: 16th October 2026.
The intimation was sent to both stock exchanges and marked to the Company's debenture trustees.
How to read this
- The announcement is an intimation of a change in the composition of the Board and in the office of the Chairperson.
- The position held was that of an Independent Director and a Non-Executive Chairperson, which is a board-level role rather than an executive, day-to-day management role.
- The information was intimated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the details set out in the enclosed annexure.
The update records the appointment date, the date of cessation and the reason for the change, all tied to the demise of the Chairperson.
Also from Aadhar Housing Finance
Executive Vice Chairman Deo Shankar Tripathi opts for early retirement, named Interim Non-Executive Chairperson
21 Oct 2026
Analyst notes no decisive trend in Aadhar Housing Finance, stock near lower consolidation band
19 Oct 2026
Asset Liability Management Statements as on September 30, 2026 shared with National Housing Bank
9 Oct 2026
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