Avasara Finance Limited has successfully completed the allotment of equity shares under its rights issue, as announced following the Board of Directors meeting held on January 21, 2026. The company finalized the allotment process in consultation with Purva Sharegistry (I) Pvt. Ltd., the registrar for the rights issue, and the Bombay Stock Exchange as the designated stock exchange.

Rights Issue Performance

The rights issue demonstrated strong investor confidence, achieving a subscription rate of 187.22% of the issue size. The company received overwhelming response from eligible shareholders, reflecting positive market sentiment towards the financing initiative.

The Board approved the allotment of 1.00 crore fully paid-up equity shares with a face value of ₹10.00 each, priced at ₹10.00 per rights equity share to eligible equity applicants and shareholders.

Capital Structure Enhancement

The rights issue has significantly strengthened Avasara Finance Limited's capital base, with the paid-up equity share capital witnessing substantial expansion following the allotment.

The company's equity base has expanded three-fold from 50.01 lakhs shares to 1.50 crore shares, providing enhanced financial flexibility for future business operations and growth initiatives.

Corporate Governance

The Board meeting, which commenced at 7:00 PM and concluded at 7:30 PM on January 21, 2026, was conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Khandavalli Madhavi (FCS No. 6844) signed the regulatory filing, ensuring adherence to corporate governance standards.

The successful completion of this rights issue positions Avasara Finance Limited with strengthened capital resources, enabling the company to pursue its strategic objectives while maintaining regulatory compliance and transparency with stakeholders.

Avasara Finance Limited has announced a one-day extension to its ongoing rights issue, moving the closing date from Monday, January 19, 2026 to Tuesday, January 20, 2026. The decision was approved by the company's Board of Directors during their meeting held on Tuesday, January 13, 2026.

Rights Issue Details

The rights issue involves up to 1,00,01,800 fully paid-up equity shares with a face value of ₹10.00 each, offered at an issue price of ₹10.00 per share. The total issue size aggregates to ₹1,000.18 lakhs, assuming full subscription and subject to finalization of the basis of allotment.

Reason for Extension

The extension was necessitated by a trading holiday declared by BSE Limited on Thursday, January 15, 2026, due to Municipal Corporation Elections in Maharashtra. This trading holiday impacted the original timeline, prompting the board to extend the issue closing period by one additional day to ensure adequate time for investor participation.

Revised Timeline

The company has issued a corrigendum updating the rights issue schedule with the following key changes:

Several dates remain unchanged, including the issue opening date of January 9, 2026, the last date for on-market renunciation of rights entitlements on January 14, 2026, and the last date for credit of rights entitlements on January 2, 2026.

Corporate Information

Avasara Finance Limited, formerly known as TRC Financial Services Limited, operates under CIN L74899MH1994PLC216417. The company's registered office is located at 3rd Floor, Bandra Hill View CHS, 85, Hill Road, Opp. Yoko Sizzlers, Bandra (West), Mumbai - 400 050. Jupiter Capital Private Limited serves as the promoter of the company.

Documentation and Compliance

The corrigendum was signed by Khandavalli Madhavi, Company Secretary and Compliance Officer (FCS No. 6844), and is available on the company's website at www.trcfin.in , the registrar's website at www.purvashare.com , and the BSE website at www.bseindia.com . All other terms and conditions of the rights issue as disclosed in the original Letter of Offer dated December 31, 2025, remain unchanged except for the revised timeline.