Dear Sir, Please note that Board Meeting held today, Mr. Vekatraman Vekitachalam as Non Executive, Non Independent Director of the Company. Please take the same on records.
Awaiting price reaction for this filing.
Avasara Finance Ltd has appointed Mr. Venkatraman Venkitachalam (DIN: 05008694) as an Additional Non-Executive Non-Independent Director on its board, effective January 30, 2026. His term runs until January 30, 2031, subject to shareholder approval at the next general meeting or postal ballot. Mr. Venkatraman is a Chartered Accountant, Cost Accountant, Company Secretary, and has cleared CFA Level III. He is a former Indian Civil Services officer (All India Rank 250, 2001) and ex-CFO of Jupiter Capital Private Limited, with over 20 years of experience in business strategy, project financing, and M&A across firms like Reliance ADA Group, GMR, L&T Infrastructure Finance, and Embassy Group. The appointment has been disclosed under SEBI LODR Regulation 30, and the company confirmed he is not debarred by SEBI or any other authority.
This is a routine board addition that brings in a well-qualified finance and strategy professional, which could strengthen the board's expertise. The appointment is subject to shareholder approval, so shareholders will have a say. No immediate material impact on stock price is expected from a non-executive directorship announcement.