Dear Sir, Attached herewith change in Directorate approved in today''s Board meeting for your records.
Awaiting price reaction for this filing.
Avasara Finance Ltd informed BSE about a change in its Board of Directors effective October 9, 2025. Mr. Korodi Sanjay Prabhu (DIN: 00023196) resigned as Non-Executive, Non-Independent Director citing personal commitments, and also stepped down from six committees including Audit, Nomination & Remuneration, and Risk Management. In his place, Mr. Eugene Oommen Koshy (DIN: 02357608) was appointed as Additional Non-Executive Non-Independent Director. Mr. Koshy brings about 26 years of experience in growth management, business development, strategic planning, and acquisitions.
This is a routine board reshuffle with no stated governance concerns. The outgoing director cited personal reasons and confirmed no other material reasons for leaving, so investors should not read negative signals into the change. The stock price is unlikely to be materially affected by this single non-executive director change.