Dear Sir/Madam, Pursuant to the provisions of Regulation 30 of SEBI (LODR) Regulations 2015 as amended from time to time , we wish to inform that the meeting of the Board of Directors ....
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The Board of Directors of Avasara Finance Limited, at its meeting held on October 23, 2025, approved a Rights Issue of fully paid-up equity shares to existing shareholders. The total issue size will not exceed Rs. 1,000.18 Lakh (approximately Rs. 10.02 Crore). Shares will have a face value of Rs. 10 each. The exact number of shares and the rights ratio are yet to be finalized, and the record date will be notified later. The issue will be carried out under the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.
Existing shareholders will get the first opportunity to subscribe to the Rights Issue to maintain their ownership percentage. If they do not participate, their stake will be diluted. The relatively small issue size (around Rs. 10 Crore) suggests a modest capital-raising exercise, which may be viewed as neutral to mildly positive depending on the use of funds.