BYLD Capital Finance Limited (formerly Avasara Finance Limited) will hold its 32nd Annual General Meeting on Tuesday, September 22, 2026. The gathering is scheduled for 12:00 noon and will be conducted exclusively through video conferencing or other audio-visual means.

Meeting Details

The company announced the notice for the AGM on August 25, 2026. Shareholders whose names appear in the register of members or list of beneficial owners as on the cut-off date of September 15, 2026, are eligible to vote.

The facility for appointment of proxy will not be available for this meeting. The register of members and share transfer books will remain closed from Wednesday, September 16, 2026, until Tuesday, September 22, 2026, both days inclusive.

E-Voting Process

Eligible members can exercise their voting rights through remote e-voting or during the AGM proceedings via the platform provided by Purva Sharegistry (India) Private Limited.

Members who cast their votes by remote e-voting prior to the AGM may attend the meeting but cannot vote again. Those who have not voted remotely can vote electronically during the AGM.

Members who acquired shares after the dispatch of notices but before the cut-off date must contact Purva Sharegistry to obtain user credentials. Queries regarding e-voting can be directed to Ms. Deepali Dhuri, Compliance Officer at Purva Sharegistry.

Byld Capital Finance Limited (formerly Avasara Finance Limited) reported a return to profitability for the first quarter of fiscal year 2027, posting a standalone net profit of ₹5.59 lakh for the period ended June 30, 2026. This marks a significant improvement from the net loss of ₹18.79 lakh recorded in the corresponding quarter of FY26.

The Mumbai-based non-banking financial company saw its total revenue rise to ₹26.36 lakh, compared to nil in the prior year period. The top-line growth was driven primarily by other income, which contributed ₹10.33 lakh, while revenue from operations stood at ₹16.03 lakh.

Financial Performance

The company’s operational efficiency improved during the quarter, with total expenses declining to ₹20.77 lakh from ₹18.79 lakh in Q1FY26. Employee benefits expense decreased slightly to ₹12.86 lakh from ₹11.58 lakh, while other expenses rose marginally to ₹7.91 lakh from ₹7.21 lakh.

Earnings per share (basic and diluted) were ₹0.04 for the quarter, up from a loss of ₹0.38 per share in Q1FY26.

Full Year Context

For the full year ended March 31, 2026, Byld Capital Finance reported a net loss of ₹128.05 lakh after tax, compared to a pre-tax loss of ₹164.22 lakh. The company’s equity share capital stands at ₹1,500.27 lakh. Total income from operations for the full year was ₹5.65 lakh.

What the Numbers Show

While the company returned to profitability on a quarterly basis, the balance sheet signals ongoing structural challenges. As of June 30, 2026, Byld Capital Finance carried accumulated losses of ₹514.18 lakh, which have resulted in a significant erosion of net worth. This figure represents a reduction in accumulated losses from ₹519.77 lakh at the end of FY26, indicating that the current quarter’s profit is beginning to offset historical deficits, though the path to fully capitalizing the balance sheet remains long.

Balance Sheet Position

Cash and cash equivalents declined sharply to ₹20.32 lakh from ₹146.33 lakh as of March 31, 2026. However, investments increased to ₹855.85 lakh from ₹826.95 lakh. Borrowings were reduced to ₹99.43 lakh from ₹127.04 lakh, suggesting a deleveraging effort or repayment of existing debt obligations.

Trade receivables remained stable at ₹107.88 lakh. The company’s total assets stood at ₹1,095.86 lakh, down slightly from ₹1,132.79 lakh at the end of the previous fiscal year.

Auditor’s Note

The unaudited standalone financial results were reviewed by P. B. Shetty & Co. LLP, the statutory auditors, who issued an unmodified opinion. In their limited review report, the auditors drew attention to the company’s accumulated losses and the resulting erosion of net worth, noting that the management continues to prepare the financial statements on a going concern basis while exploring avenues to enhance revenue.