Dear Sir, Attached is cessation of Ms. Deepthi Donkeshwar as Non Executive Independent Director of the Company wef 27.05.2025. Kindly take the same on records.
Awaiting price reaction for this filing.
Avasara Finance Limited has informed the stock exchange that Ms. Deepthi Donkeshwar (DIN: 08712113) has resigned as Non-Executive Independent Director of the company, effective from the close of business hours on May 27, 2025. She cited pre-occupation as the reason for stepping down and confirmed there are no other material reasons behind her exit. She had been on the board only since November 14, 2024, meaning her tenure lasted roughly six months. She continues as an Independent Director at another listed company, Deccan Gold Mines Limited, where she chairs the Nomination & Remuneration Committee.
This is a single independent director exit with no governance red flags or reasons disclosed beyond personal pre-occupation. The company will need to fill the independent director vacancy in due course to stay compliant with SEBI board composition rules, but near-term impact on shareholders is likely minimal.