Dear Sir, PFA change in management as Mr. Deepthi Donkeshwar has resigned with effect from closing hours of 27.05.2025 and Mr. Raj Jain is appointed as Chief Financial Officer with effect ....
Awaiting price reaction for this filing.
The Board of Avasara Finance Ltd, at its meeting on 27th May 2025, approved audited standalone financial results for Q4 and FY ended 31st March 2025 with an unmodified opinion. Independent Director Ms. Deepthi Donkeshwar (DIN: 08712113) resigned with immediate effect citing pre-occupation. Mr. Raj Surender Jain was appointed as the new Chief Financial Officer; he is a Chartered Accountant with prior stints at CRED (VP Finance) and Deloitte. The Board also appointed M/s Priti J. Sheth & Associates as Secretarial Auditor and M/s Adithya and Vishwas as Internal Auditor for FY 2025-26.
The key change for shareholders is the resignation of an Independent Director and the appointment of a new CFO with strong finance and consulting credentials, which could be viewed as a governance reset. Routine auditor appointments reflect standard annual compliance and are unlikely to move the stock.