Dear Sir/Madam, This is in furtherance to the meeting of the Board of Directors of the Company (the "Board") held on Friday, December 26, 2025, approving the offer and issuance of fully ....
Awaiting price reaction for this filing.
Avasara Finance Ltd's Board, meeting on December 26, 2025, approved a Rights Issue of up to ₹1,000.18 lakh by issuing 1,00,01,800 fully paid-up equity shares of face value ₹10 each. The issue price is fixed at ₹10 per share (issued at par, with zero premium). Existing shareholders will be offered 2 Rights Equity Shares for every 1 share held on the record date of January 1, 2026. The issue opens on January 9, 2026 and closes on January 19, 2026. Post-issue, the total share count will rise from 50,00,900 to 1,50,02,700 shares assuming full subscription, effectively tripling the equity base. Shareholders can also renounce their rights entitlements on-market or off-market during the specified window.
Eligible shareholders must act between January 9–19, 2026 to subscribe or renounce; if they don't, their rights entitlements will lapse. Since shares are issued at par with no premium and the share count triples on full subscription, existing shareholders' percentage holding stays the same only if they fully subscribe, otherwise their stake will be diluted.