Pursuant to Section 108 of Companies Act, 2013 read with Rule 20 of Companies (Management & Administration) Rules, 2014 and Reg 44 of SEBI (LODR) 2015, please find enclosed herewith the ....
Awaiting price reaction for this filing.
Avasara Finance Limited conducted a Postal Ballot through remote e-voting from April 16 to May 15, 2026. All three resolutions were passed with overwhelming shareholder approval of 99.64%. Key outcomes include: (1) Special resolution to change the company name from 'Avasara Finance Limited' to 'BYLD Capital Finance Limited' was approved, requiring MOA and AOA amendments; (2) Mr. Venkatraman Venkitachalam appointed as Non-Executive Non-Independent Director; (3) Mr. Eugene Oommen Koshy appointed as Non-Executive Non-Independent Director. Out of 1.5 crore shares, 1.17 crore votes were cast (78.01% turnout). Promoters voted 100% in favour while public non-institutional shareholders showed 91.84% in favour.
Shareholders approved the rebranding to BYLD Capital Finance Limited, signalling a potential strategic shift. Two new non-executive directors joining the board could bring fresh perspectives to the company's governance. The strong 99.64% approval rate indicates strong promoter support and minimal shareholder concerns.