Dear Sir, With the captioned subject, the transaction attached herewith were transacted through Postal Ballot by voting through electronic means completed as on 31st July, 2025.
Awaiting price reaction for this filing.
Avasara Finance has completed a Postal Ballot through remote e-voting as on 31st July 2025. Four resolutions were transacted: (1) an Ordinary Resolution to increase the Authorised Share Capital and amend the Capital Clause of the Memorandum of Association, and (2) three Special Resolutions to appoint Mr. Vivek Ravindra Kakati, Mr. Nityanand Shankar Nayak, and Ms. Jaya Janardhan as Non-Executive Independent Directors. The detailed voting results under Regulation 44 of SEBI LODR will be shared with the exchange once the Scrutinizer's report is received. The filing was signed by Khandavalli Madhavi, Company Secretary and Compliance Officer.
For shareholders, this signals a likely upcoming fund-raising activity (given the increase in authorised share capital) and a refresh of the board with three new Independent Directors, which could improve governance standards. No immediate effect on stock price is indicated from this disclosure alone.