Avasara Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/10/2025 ,inter alia, to consider and approve the issue of equity shares ....
Awaiting price reaction for this filing.
Avasara Finance has informed BSE that its Board of Directors will meet on October 23, 2025 at 12 Noon to consider and approve the issue of equity shares to existing shareholders on a Rights basis, subject to regulatory and statutory approvals. The company has not yet disclosed the issue price, ratio, or size of the proposed rights issue. In line with insider trading regulations, the trading window for designated persons and their immediate relatives has been closed from October 16, 2025 until 48 hours after the board meeting concludes. The intimation is filed under SEBI LODR Regulation 29.
A rights issue gives existing shareholders the right to purchase additional shares in proportion to their holdings, potentially diluting those who do not participate. Without details on pricing or ratio, investors should wait for the formal announcement on October 23 to assess whether the issue is attractive relative to the current market price.