We wish to inform you that the Board of director at its meeting held today i.e. 09.10.2025 has approve the appointment and accepted the resignation. Details of the same is attached herewith
Awaiting price reaction for this filing.
Avasara Finance Ltd announced changes to its Board of Directors effective October 9, 2025. Mr. Korodi Sanjay Prabhu resigned as Non-Executive, Non-Independent Director, citing personal commitments; he also stepped down from multiple committees including Audit, Nomination & Remuneration, Stakeholder Relationship, Risk Management, Investment, and IT Strategy committees. To fill the vacancy, Mr. Eugene Oommen Koshy was appointed as Additional Non-Executive, Non-Independent Director. The new appointee brings approximately 26 years of experience in growth management, business development, strategic planning, and global business development. The company confirmed no material reasons beyond those stated for the resignation and that the new director is not debarred by SEBI or any other authority.
This is a routine board-level reshuffle with one director exiting and a like-for-like non-independent replacement joining. No governance red flags were raised, and there is no indication of strategy change, so the impact on shareholders is expected to be neutral.