This is to inform you that Company has passed a resolution though Circulation dated 27th June, 2025 where Notice of postal ballot is approved for increase in Authorised Capital and regularization ....
Awaiting price reaction for this filing.
Avasara Finance Ltd has passed a resolution through circulation dated 27th June 2025 approving a postal ballot notice. The postal ballot seeks shareholder approval for an increase in the company's Authorised Share Capital. Additionally, the resolution covers regularization matters, likely referring to the regularization of directors or appointments. Shareholders will be given the opportunity to vote on these proposals via postal ballot. The company has informed BSE about this development as part of its compliance obligations.
An increase in authorised capital is a routine corporate action that allows the company to issue more shares in the future, but it does not immediately affect shareholding. The regularization aspect is administrative in nature. Short-term stock impact is likely neutral unless the capital increase is tied to a specific fundraising plan.