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 Limited) informed the stock exchange that Mr. Valmeekanathan Subramanian (DIN: 05297798) has resigned as Non-Executive Non-Independent Director of the company, effective close of business hours on 15th April 2025. Mr. Subramanian was originally appointed on 10th November 2021 and cited personal commitments as the reason for his resignation. He confirmed there are no other material reasons for his exit and does not hold any directorships or committee memberships in other listed entities. The disclosure was filed under SEBI LODR Regulation 30 and signed by Company Secretary Madhavi Khandavalli.
This is a routine non-executive director resignation citing personal reasons with no governance red flags, and is unlikely to have any material impact on the company's operations or stock price.