Dear Sir/Madam, Pursuant to Reg 30 of SEBI (LODR) Regulations, 2015, we wish to inform you regarding resignation of Mr. Valmeekanthan Subramanian as Non Executive non Independent Director ....
Awaiting price reaction for this filing.
Avasara Finance Ltd (formerly TRC Financial Services Ltd) has informed the stock exchange about the resignation of Mr. Valmeekanathan Subramanian (DIN: 05297798) as Non-Executive, Non-Independent Director, effective from close of business hours on 15th April 2025. He was originally appointed on 10th November 2021. The reason cited is personal commitments, and he has confirmed there are no other material reasons for his departure. He does not hold any directorship or committee membership in other listed entities. The disclosure is filed under SEBI LODR Regulation 30 read with the SEBI circular dated 13 July 2023, and signed by Company Secretary Madhavi Khandavalli.
This is a routine non-executive director exit with no governance red flags or material concerns disclosed. Shareholders are unlikely to see any meaningful impact on operations or stock price, as the resigning director held no executive or key managerial role.