BYLD Capital Finance Limited (formerly Avasara Finance Limited) has approved its un-audited financial results for the quarter ended June 30, 2026, alongside the acquisition of BYLD Wealth Advisory Private Limited. The decisions were ratified by the Board of Directors during a meeting held on August 12, 2026. These approvals mark a strategic expansion into wealth advisory services while maintaining transparency on recent operational performance through regulatory disclosures.

The board meeting commenced at 02:30 P.M and concluded at 4:15 P.M. During the session, directors noted the limited review report for the quarterly results pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015. The financial outcomes are available for public access on the company’s website at https://byldcapital.in/ and on the BSE India portal.

In addition to financial reporting, the board approved the acquisition of BYLD Wealth Advisory Private Limited. This move signals an intent to broaden the company’s service offerings in the wealth management sector. No specific financial terms or valuation details for the acquisition were disclosed in the filing.

Key Resolutions

Leadership Changes

The meeting also addressed significant changes in the company’s leadership structure:

• Eugene Oommen Koshy resigned as Non-Executive Non-Independent Director.
• Madhavi Khandavalli resigned as Company Secretary and Compliance Officer.

These resignations were noted by the board without further commentary on succession plans or reasons for departure in the immediate filing.

What the Numbers Show

While specific revenue or profit figures were not included in this summary notice, the approval of the limited review report indicates compliance with statutory auditing requirements for the period. The simultaneous approval of a strategic acquisition suggests management is prioritizing growth avenues despite any potential headwinds reflected in the unaudited results. Investors should monitor subsequent filings for detailed financial metrics and integration plans for the newly acquired entity.

BYLD Capital Finance Limited reported a net loss of ₹220.61 lakhs for the financial year ended March 31, 2026, widening from a loss of ₹44.61 lakhs in the previous year. The company’s accumulated losses stood at ₹519.77 lakhs as of March 31, 2026, resulting in significant erosion of net worth. Despite the losses, the financial statements were prepared on a going concern basis, contingent upon the performance of the company’s future business plan.

The board of directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors. For the quarter ended March 31, 2026, the company reported a net loss of ₹128.05 lakhs on revenue from operations of ₹5.65 lakhs. Total expenses for the quarter rose to ₹169.87 lakhs, driven by employee benefits expense and other expenses.

Financial Performance

The company’s financial results for the year ended March 31, 2026, reflect a challenging operational environment. Revenue from operations for the year was ₹5.65 lakhs, while total expenses increased to ₹262.44 lakhs. The profit before tax for the year was a loss of ₹256.79 lakhs. The basic and diluted earnings per share (EPS) for the year were reported as (₹2.21), compared to (₹0.89) in the previous year.

Capital Structure and Appointments

During the quarter ended March 31, 2026, BYLD Capital Finance Limited completed a rights issue of 1,00,01,800 equity shares of ₹10 each at an issue price of ₹10 per share, aggregating to ₹1000.18 lakhs. The allotment was made between January 9, 2026, and January 19, 2026, increasing the paid-up equity share capital from ₹500.09 lakhs to ₹1500.27 lakhs. The rights issue was conducted in compliance with the SEBI (ICDR) Regulations, 2018, and the SEBI (LODR) Regulations, 2015.

The board recommended the appointment of M/s Priti J. Sheth & Associates, Practicing Company Secretary, as Secretarial Auditor for a term of five years. Additionally, M/s Adithya and Vishwas, Chartered Accountants, were appointed as Internal Auditor for FY 2026-27. These appointments were made pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Corporate Changes

The company changed its name from "Avasara Finance Limited" to "BYLD Capital Finance Limited" effective May 22, 2026, following a fresh Certificate of Incorporation issued by the Registrar of Companies - Mumbai. The necessary approvals from shareholders, the Reserve Bank of India, and BSE Limited were obtained. The Corporate Identification Number (CIN) remains unchanged as L74899MH1994PLC216417.