Dear Sir, Pursuant to reg 30 of SEBI (LODR), 2015, in today''s Board Meeting i.e. 30th July, 2025, Mr. Vinu Mammen appointed as Additional Non Executive Director and Whole Time Director ....
Awaiting price reaction for this filing.
Avasara Finance Ltd has appointed Mr. Vinu Mammen (DIN: 10710860) as Additional Non-Executive Director and Whole-Time Director, designated as a Key Managerial Personnel, effective July 30, 2025. His term is for five consecutive years (until July 29, 2030), subject to shareholder approval at the next general meeting or postal ballot. Mr. Mammen is a wealth management professional with over 27 years of experience in the financial industry, having built wealth management practices at top banks and with a strong background in fund raising and asset monetization. He is currently associated with Jupiter Capital Wealth Management Private Limited as a director. The company confirmed he is not debarred from holding directorship by SEBI or any other authority.
For shareholders, this brings an experienced financial services professional onto the leadership team, which could support the company's growth plans, particularly in capital raising and wealth management. It is a routine governance update with no immediate material effect on stock price.