This is to inform that the Board of the Company through Circular Resolution dated 14th April, 2026 have approved the notice of Postal ballot for name change of the Company from "Avasara ....
Awaiting price reaction for this filing.
The Board of Directors of Avasara Finance Limited, through a circular resolution dated 14th April 2026, has approved a Postal Ballot Notice seeking shareholder approval for two key matters. First, the company proposes to change its name from 'Avasara Finance Limited' to 'BYLD Capital Finance Limited'. Second, the company seeks regularization of Mr. Venkatraman Venkitachalam (DIN: 05008694) and Mr. Eugene Oommen Koshy (DIN: 02357608) as Non-Executive Non-Independent Directors. M/s Priti J Sheth & Associates has been appointed as Scrutinizer for the postal ballot process, which will be conducted through remote e-voting facilitated by CDSL.
This is a routine corporate housekeeping action that requires shareholder approval via postal ballot. The name change to 'BYLD Capital Finance Limited' signals a possible rebranding effort, which could impact the company's market identity but is unlikely to materially affect operations or shareholder value in the short term.