Dear Sir/Madam, Pursuant to Reg 30 of SEBI(LODR) Regulations, 2015, we wish to inform you regarding appoointment of Mr. Venkatraman Vekitachalam as Non Executive Non Independent Director ....
Awaiting price reaction for this filing.
Avasara Finance Ltd has appointed Mr. Venkatraman Venkitachalam (DIN: 05008694) as an Additional Non-Executive Non-Independent Director of the company, effective January 30, 2026. He joins for a 5-year term ending January 30, 2031, subject to shareholder approval at the next general meeting. Venkatraman is a qualified Chartered Accountant, Cost Accountant, Company Secretary, and CFA Level III holder, with over 20 years of experience in business strategy, project financing, and mergers & acquisitions. He was a former Indian Civil Services officer (AIR 250 in 2001) and previously served as CFO of Jupiter Capital, where he is currently an Executive Director. He does not hold any directorship in other listed companies, and the company has confirmed he is not debarred from holding office by SEBI or any other authority.
The appointment brings seasoned finance and corporate strategy expertise to the board, which is generally positive for governance. However, as a Non-Independent Director affiliated with Jupiter Capital, shareholders should note potential related-party considerations in future board decisions.