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Management change

Aadhar Housing Finance Independent Director Raj Vikash Verma passes away

Aadhar Housing Finance (AADHARHFC) said Raj Vikash Verma, Independent Director, has passed away. The company is valued at about ₹19,770 crore.

BCEIE News Desk · Published 16 Oct 2026, 06:00 pm IST · Filing received 16 Oct 2026, 05:44 pm IST

What happened

Aadhar Housing Finance (AADHARHFC) told the exchanges on 16 October 2026 at 05:44 PM that Raj Vikash Verma, Independent Director, has passed away.

Company snapshot

Aadhar Housing Finance is a small-cap company in the Financial Services sector, with a market value of about ₹19,770 crore.

The stock last traded at ₹452.1, against a 52-week range of ₹427.3–₹563 (19.7% below the high).

Before this filing the shares had moved −1.4% over the month and −11.5% over three months. Average daily turnover over the last 20 sessions was about ₹14.9 crore.

Promoters held 64.66% at the end of Q1 FY27, down 0.24% points from the previous quarter; 40.21% of promoter shares were pledged. Foreign institutions owned 5.79% and domestic institutions 9.93%.

Quarterly results (consolidated, ₹ crore)
QuarterRevenueNet profitEPS (₹)
Q1 FY26848237.35.5
Q2 FY26897266.56.16
Q3 FY26943281.26.49
Q4 FY26985310.97.16
Q1 FY27993282.46.47

What history shows

BCEIE's records show 4 previous management change filings from the company since May 2026.

After those filings, the stock gained 0.1% on average the next trading day and was down 3.7% on average after five days (3 filings with price data).

Across 300 similar disclosures by other Financial Services companies, shares moved −0.1% on average the next day and −0.5% over five days; 50% of them rose the next day.

Market-wide, 3,962 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.

Past reactions describe what happened before; they are not a forecast.

Earlier filings of this kind
DateFilingNext day5 days
21 Sept 2026Appointment of Mr Nikhil Goyal as Non- Executive (Nominee) Director…−2.5%−7.2%
7 Aug 2026Change in Auditors of the company.−1.0%−3.7%
3 Jul 2026Certificate from CEO/CFO+3.9%−0.2%

What to watch

  • The appointment of a successor and any change in strategy or guidance.

In the news

Recent coverage elsewhere (links open the original publisher):

Source

Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.