Dear Sir, Attached herewith, pursuant to reg 30 of SEBI (LODR), 2015 Board meeting held on 30th July, 2025 appointed Mr. Vinu Mammen as Additional Non Executive Director and Whole Time ....
Awaiting price reaction for this filing.
Avasara Finance Ltd has appointed Mr. Vinu Mammen (DIN: 10710860) as an Additional Non-Executive Director and Whole-Time Director (Key Managerial Personnel) with effect from July 30, 2025. His term is for five consecutive years, ending July 29, 2030, subject to shareholder approval at the next general meeting or postal ballot. Mr. Mammen brings over 27 years of experience in wealth management and the financial industry, having previously led wealth management practices at top banks and worked in fund raising and asset monetization. He is currently associated with Jupiter Capital Wealth Management Private Limited and holds no other listed company directorships.
The appointment brings in an experienced financial industry professional to the executive leadership of this small NBFC, which may signal a strategic push to strengthen its wealth management and fundraising capabilities. For shareholders, this is a routine governance change pending member approval, with no immediate material impact on operations or stock price.