Dear Sir/Madam, We would like to inform that the 31st Annual General Meeting (AGM) will be held on Thursday, 25th September, 2025 at 12:00 Noon IST through Video Conferencing in compliance ....
Awaiting price reaction for this filing.
Avasara Finance Limited has notified BSE that its 31st AGM will be held on Thursday, 25th September 2025 at 12:00 noon IST via Video Conferencing. Ordinary business includes adopting the audited financial statements for FY ended 31st March 2025 and re-appointing Mr. Korodi Sanjay Prabhu (DIN: 00023196), who retires by rotation. Special business seeks shareholder approval for appointing Mr. Vinu Mammen (DIN: 10710860) as Whole-Time Director for 5 years effective 30th July 2025, with current remuneration of Nil. Financial performance highlights a sharp swing from a net profit of ₹21.68 lakhs in FY24 to a net loss of ₹44.61 lakhs in FY25, with zero revenue from operations in FY25. The company attributes the loss to being in an ideation phase for future business activities, and notes that it has changed its board of directors and plans to hire to pursue identified opportunities. Remote e-voting is open from 22nd to 24th September 2025 with the cut-off date set as 18th September 2025.
For shareholders, the AGM agenda covers routine financial approval, a director re-appointment, and a new WTD appointment with zero current remuneration. The FY25 net loss and absence of operating revenue are negative signals, though management's stated intent to pivot toward new business activity and a fresh board may be viewed as a restructuring attempt. Near-term stock reaction is likely to be muted as the resolutions are largely procedural, but the loss and lack of revenue clarity warrant caution.