We wish to inform you that the meeting held today has approved unaudited Financials Results for the quarter ended 31st December, 2025. Pursuant to the Reg 33 of SEBI(LODR) Regulations, ....
Awaiting price reaction for this filing.
Avasara Finance Ltd reported zero revenue from operations for the third quarter and nine-month period ended 31 December 2025. The company posted a loss of Rs.54.87 lakhs in Q3 and Rs.92.56 lakhs for the nine months of FY26, with basic EPS of Rs.(1.10) and Rs.(1.85) respectively. Accumulated losses have swelled to Rs.391.72 lakhs, which is more than three-quarters of the Rs.500.09 lakhs share capital, leaving other equity deeply negative. The statutory auditor (P. B. Shetty & Co. LLP) issued an unqualified opinion but added an Emphasis of Matter flagging significant net worth erosion and going concern uncertainty. Management is counting on a proposed rights issue of up to Rs.1,000.18 lakhs to fund business expansion and working capital needs. Operating cash flow for the nine months was marginally positive at Rs.3.43 lakhs.
This is a high-risk situation for shareholders — the company has no operating revenue, mounting losses, and negative book value, making the stock speculative. The planned rights issue, if approved, will be highly dilutive and is critical to the company's survival and any future turnaround.