We wish to inform you that Board meeting held today i.e. 09th October, 2025 at 12:00 Noon. has approved financials of quarter and half year ended 30th September, 2025
Awaiting price reaction for this filing.
Avasara Finance Ltd (formerly TRC Financial Services Ltd) reported zero revenue from operations for the second quarter and first half of FY26, with a net loss of Rs. 18.90 lakh in Q2 and Rs. 37.69 lakh in H1 FY26, widening from Rs. 9.99 lakh and Rs. 31.84 lakh respectively in the year-ago periods. The full-year FY25 loss stood at Rs. 44.61 lakh. The company continues to bleed, with accumulated losses of Rs. 336.85 lakh against equity share capital of Rs. 500.09 lakh, eroding more than two-thirds of its net worth. The auditor (P.B. Shetty & Co. LLP) issued an unqualified opinion but flagged a going concern concern, noting the validity depends on future business performance. Cash and cash equivalents stood at just Rs. 1.05 lakh as of September 30, 2025.
This is a negative signal for shareholders — the company has no operating revenue, persistent losses, deeply eroded net worth, and minimal cash on hand. While the auditor's opinion is unqualified, the explicit going concern note and complete absence of revenue raise serious questions about the business's viability. Stock price is likely to remain under pressure until the company demonstrates a credible revenue plan.