Pursuant to the Reg 42 of SEBI (LODR) Regulation, 2015, the Company has fixed Thursday, 01st January, 2026as record date for ascertaining the eligibility of 2:1 Right shares for amount ....
Awaiting price reaction for this filing.
Avasara Finance Ltd has fixed Thursday, January 1, 2026 as the record date for a rights issue of equity shares. The company plans to issue 2 rights equity shares for every 1 fully paid-up equity share held (a 2:1 ratio), with a face value of ₹10 per share. The total amount to be raised will not exceed ₹1,000.18 lakh (approximately ₹10 crore). Shareholders whose names appear in the company's records on the record date will be eligible to receive the rights entitlement.
Existing shareholders must hold shares as of January 1, 2026 to be eligible for the rights entitlement. Shareholders who do not exercise their rights will see their stake diluted. The company is raising fresh capital, which could be used for business growth or strengthening the balance sheet.