Avasara Finance Ltd

Dematerialisation status

• Dematerialisation requests processed and confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates for dematerialisation mutilated and cancelled; depository name substituted as registered owner within timelines.

BYLD Capital Finance Limited – Trading Window closed from 01 October 2026 for Un-audited Financial Results for the quarter and half year ended 30 September 2026; The Trading Window shall open after 48 hours of the Un-audited Financial Results for the quarter and half year ended 30th September, 2026 become generally available.

AGM details

• 32nd AGM held 22 Sep 2026 via VC/OAVM.
• Start 12:00 PM and end 12:28 PM.
• Voting cut-off date: 15 Sep 2026.
• Record date: 994 shareholders.

Resolutions & outcomes

• Resolution 1: adopt Audited financial statements; passed.
• Resolution 2: director re-appointment by rotation; passed.
• Resolution 3: statutory auditor appointed; passed.
• Resolution 4: secretarial auditor appointed; passed.

Votes & turnout

• All resolutions passed by majority.
• Promoter presence: 1; Public attendees: 22.

Auditors & governance

• Statutory Auditor appointed: Ford Rhodes Parks & Co LLP.
• Secretarial Auditor appointed: Priti J Sheth & Associates.
• No material related party transactions disclosed.

Dividend

• No dividend proposed or declared.

AGM resolutions

• Audited standalone financial statements for year ended 31 March 2026 approved.
• Directors’ and Auditors’ reports approved.
• Reappointment of Venkatraman Venkitachalam as director (retiring by rotation) approved.
• Ford Rhodes Parks & Co LLP appointed as Statutory Auditor.
• Priti J Sheth & Associates appointed as Secretarial Auditor.
• Remote e-voting cutoff date was 15 September 2026.
• AGM conducted via Video Conferencing and OA VM; no physical attendance.
• Voting results to be declared after e-voting and scrutinizer report.

agm details

• AGM held on 22 September 2026 via VC/OAVM; venue deemed at registered office.
• Meeting commenced 12:00, concluded 12:28 PM.

ordinary resolutions

• Adopt audited financial statements for year ended 31 March 2026; boards and auditors' reports.
• Re-appointment of Venkatraman Venkitachalam as director (retiring by rotation).
• Appointment of Ford Rhodes Parks & Co LLP as Statutory Auditor.

special business

• Appointment of Priti J Sheth & Associates as Secretarial Auditor.

Key dates

• Book closure from 16 September 2026 to 22 September 2026 (inclusive).
• Purpose: for the 32nd AGM of BYLD Capital Finance Limited.
• AGM date: 22 September 2026; held via VC/OAVM.

Key financials

• Revenue from operations: 5.65 Lakh in FY2025-26.
• Net loss after tax: 220.61 Lakh in FY2025-26.
• EPS: negative 2.21 Rupees.
• Net worth: 980.50 Lakh as at 31 Mar 2026.
• Paid-up equity share capital: Rs 15.00 crore.
• Rights issue proceeds: Rs 10.00 crore raised in Jan 2026.
• Cash and cash equivalents: Rs 14.63 crore at year end.
• Authorized share capital increased to Rs 37 crore.
• Total borrowings: Rs 1.27 crore (127.04 Lakh).
• Current ratio: 43.27x.

Capital structure & fundraising

• Promoter Jupiter Capital holds 74.62% equity.
• Equity shares outstanding: 1,50,02,700.
• Dematerialised shares: 97.98%.
• Total equity at year-end: Rs 9.805 crore.

Governance and board changes

• Name change to BYLD Capital Finance Limited on 22 May 2026.
• Vinu Mammen appointed Whole-Time Director on 30 July 2025.
• Raj Surendra Jain appointed CFO on 27 May 2025.
• Jaya Janardan appointed Independent Director on 27 Jun 2025.
• Eugene Oommen Koshy appointed 9 Oct 2025; Venkatraman Venkitachalam 30 Jan 2026.
• Sanjay Prabhu resigned 9 Oct 2025.
• Ford Rhodes Parks & Co LLP to audit FY27-29.
• Priti J Sheth & Associates appointed Secretarial Auditor for FY26-31.

Audit flags and governance

• Going concern emphasized due to net worth erosion of Rs 519.77 Lakh.
• Internal financial controls deemed adequate and operating.
• Secretarial audit notes delays in listing fees and RBI filings.
• POSH compliance and whistleblower policy in place.
• Related party transactions disclosed; no additional material items.

Strategic initiatives

• Rights issue funds to strengthen long-term capital for lending and advisory.
• Proceeds monitored by Monitoring Agency under ICDR Regulations 2018.
• Management pursuing expansion in lending and distribution of financial assets.
• Company reports single segment: investment and consultancy services.

Risks & outlook

• Net losses persist; equity infusion expected to support operations.
• NBFC sector faces higher funding costs and regulatory oversight.
• Profitability tied to effective deployment of rights proceeds.

Promoter and shareholding

• Promoter Jupiter Capital holds 74.62% equity.
• Shares outstanding: 1.50 crore; 97.98% dematerialised.
• Promoter disclosures aligned with SEBI Listing Regulations.

Dividend & allocations

• No dividend declared for FY2025-26.
• Rights issue proceeds allocated to core business and general corporate purposes.

AGM & investor communications

• 32nd AGM scheduled for 22 Sept 2026 via VC/OAVM.
• Remote e-voting facility available; results to be announced.

AGM Details

• AGM on 22 Sep 2026 at 12:00 IST via VC/OAVM.
• Venue deemed at registered office.
• Cut-off date for voting eligibility: 15 September 2026.

Ordinary Business

• Adopt audited financial statements for FY 2025-26 and reports.
• Appoint Ford Rhodes Parks & Co LLP as Statutory Auditor for 3 years.

Director Changes

• Venkatraman Venkatachalam reappointed as non-independent non-executive director; term to 2029.

Auditor Appointments

• Statutory Auditor Ford Rhodes Parks & Co LLP appointed for 3 years; remuneration Rs 95,000 per annum.

Special Business

• Secretarial Auditor Priti J Sheth & Associates appointed for 5 years (2026-27 to 2030-31).
• Fees to be finalised; board may increase remuneration by 5-10% annually.

Resigning director

• Eugene Oommen Koshy, Non-Executive, Non-Independent Director, resigned; resignation letter received August 10, 2026; board noted August 12, 2026.