NewsAvasara Finance Limited Issues Postal Ballot Notice for Name Change and Director AppointmentsAvasara Finance Limited Issues Postal Ballot Notice for Name Change and Director Appointments
Avasara Finance Limited has issued a comprehensive postal ballot notice seeking shareholder approval for changing the company name to BYLD Capital Finance Limited and regularizing two additional directors. The e-voting process runs from April 16 to May 15, 2026, with necessary regulatory approvals already obtained from RBI and MCA.
*this image is generated using AI for illustrative purposes only.
Avasara Finance Limited has issued a comprehensive postal ballot notice to shareholders, seeking approval for a company name change and the regularization of two additional directors. The notice, dated April 14, 2026, was submitted to the Bombay Stock Exchange in compliance with SEBI Listing Regulations.
Postal Ballot Voting Schedule
The company has established a detailed timeline for the electronic voting process, with all voting to be conducted through CDSL's remote e-voting platform:
| Voting Details: | Schedule |
|---|---|
| E-voting Commencement: | Thursday, 16th April, 2026 at 9:00 a.m. |
| E-voting End: | Friday, 15th May, 2026 at 5:00 p.m. |
| Record Date: | Friday, 10th April, 2026 |
| Results Declaration: | On or before Monday, 18th May, 2026 |
| Scrutinizer: | Priti J Seth & Associates |
Key Proposals for Shareholder Approval
The postal ballot addresses three primary resolutions requiring member approval:
Special Resolution - Company Name Change
The company seeks to change its name from "Avasara Finance Limited" to "BYLD Capital Finance Limited" along with consequential alterations to the Memorandum and Articles of Association. The Board approved this proposal on January 30, 2026, as part of the company's new strategy following the successful completion of its Rights Issue.
Director Appointments
Two ordinary resolutions seek the regularization of additional directors:
| Director Details: | Information |
|---|---|
| Mr. Venkatraman Venkitachalam: | DIN: 05008694 |
| Appointment Date: | January 30, 2026 |
| Mr. Eugene Oommen Koshy: | DIN: 02357608 |
| Appointment Date: | October 9, 2025 |
| Proposed Roles: | Non-Executive Non-Independent Directors |
Regulatory Compliance and Approvals
The company has secured necessary regulatory clearances for the name change. The Reserve Bank of India issued a No Objection Certificate on March 17, 2026, while the Central Registration Centre approved the proposed name "BYLD Capital Finance Limited" on March 19, 2026.
A compliance certificate from P.B. Shetty & Co. LLP, Chartered Accountants, confirms adherence to SEBI Listing Regulation 45(1) requirements for name changes, including the condition that at least one year has elapsed since any previous name change.
Voting Process and Member Communication
The postal ballot notice has been distributed electronically to members whose email addresses are registered with their depository participants or the company's Registrar and Transfer Agent, Purva Sharegistry India Pvt. Ltd. The notice is also available on the company's website at www.trcfin.in and CDSL's e-voting platform at www.evotingindia.com .
Members holding shares as of the record date of April 10, 2026, are eligible to participate in the voting process. The company has provided detailed instructions for both demat and physical shareholders to access the e-voting facility through various login methods.
What strategic business changes or market positioning does the rebranding to 'BYLD Capital Finance Limited' signal for the company's future operations?
How might the appointment of these two new non-executive directors influence the company's governance structure and strategic decision-making?
What impact could the successful completion of the Rights Issue have on the company's expansion plans and capital allocation strategy?
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
