Pursuant to the provisions of Regulation 30 (read with Part A of Schedule III) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we hereby ....
Awaiting price reaction for this filing.
Avasara Finance Ltd's board met on 27th May 2025 and approved its audited standalone financial results for Q4 and FY ended 31st March 2025, along with a declaration of unmodified opinion. Independent Director Mrs. Deepthi Donkeshwar resigned with immediate effect citing pre-occupation. The board appointed Mr. Raj Surendra Jain as the new Chief Financial Officer, bringing experience from CRED (VP Finance) and Deloitte. It also appointed M/s Priti J. Sheth & Associates as Secretarial Auditor and M/s Adithya and Vishwas as Internal Auditor, both for FY 2025-26.
Clean audit opinion and the appointment of a strong, externally experienced CFO are positive governance signals. The independent director resignation leaves a board vacancy but no governance red flag was raised. Net impact is neutral to mildly positive for shareholders.