Dear Sir, PFA change in Directorate of the meeting held today i.e. 27.05.2025. Kindly take the same on records.
Awaiting price reaction for this filing.
Avasara Finance's board, at its meeting on 27th May 2025, approved audited standalone financial results for Q4 and FY ended 31st March 2025 along with an unmodified auditor opinion. Independent Director Mrs. Deepthi Donkeshwar (DIN: 08712113) resigned from the board citing pre-occupation, effective the same day. The company appointed Raj Surender Jain as the new CFO — a Chartered Accountant with prior experience as VP of Finance at CRED and as a consultant at Deloitte. Additionally, Priti J. Sheth & Associates was appointed as Secretarial Auditor and Adithya and Vishwas as Internal Auditor for FY 2025-26.
A new experienced CFO from a reputed fintech background signals a strengthening of the finance function, while the resignation of the independent director appears routine (personal reason, no governance red flags). Approval of FY25 results with an unmodified opinion is a neutral-to-positive signal for shareholders.