Pursuant to Regulation 30 read with Schedule III of SEBI LODR, 2015, please find enclosed the Notice of Postal Ballot together with Explanatory Statement in terms of section 108 and 110 ....
Awaiting price reaction for this filing.
Avasara Finance Limited has issued a Postal Ballot Notice seeking shareholder approval for three resolutions via remote e-voting from April 16 to May 15, 2026. The key resolution is a Special Resolution to change the company's name from 'Avasara Finance Limited' to 'BYLD Capital Finance Limited' following a successful Rights Issue, aligning with the new brand strategy. The company has received NOC from RBI (March 17, 2026) and approval from Central Registration Centre (March 19, 2026). Additionally, two Ordinary Resolutions seek appointment of Mr. Venkatraman Venkitachalam (appointed as Additional Director from January 30, 2026) and Mr. Eugene Oommen Koshy (appointed from October 9, 2025) as Non-Executive Non-Independent Directors. Results will be announced by May 18, 2026.
The name change signals a rebranding aligned with post-Rights Issue strategy under the BYLD brand. Shareholders should note no change in their rights but may see brand recognition shift. The director appointments formalize board additions with experienced professionals from finance and business development backgrounds.