Pursuant to 24A of SEBI (LODR) Regulations, 2015, we are enclosing herewith the Annual Secretarial Compliance for FY 25-26
Awaiting price reaction for this filing.
BYLD Capital Finance Limited (formerly Avasara Finance Limited) has filed its Annual Secretarial Compliance Report for FY 2025-26. The report, certified by Practicing Company Secretary Priti J Sheth, shows the company was largely compliant with SEBI regulations, though one deviation was noted. The company delayed shareholder approval for the appointment of two directors (Mr. Venkatraman Venkitachalam and Mr. Eugene Oommen Koshy) beyond the required three-month deadline. Management attributed this to upcoming plans for a name change and regularized the appointments through a Postal Ballot on 15th May 2025. The company also underwent a name change from Avasara Finance Limited to BYLD Capital Finance Limited effective 22nd May 2026. No actions were taken by SEBI or stock exchanges against the company.
The single compliance deviation was minor and has been regularized. The delayed director approvals were ratified retroactively through shareholder vote, and no fines were imposed. This is a routine compliance filing with no material impact on shareholders.