NewsCorporate ActionsAvasara Finance Limited Extends Rights Issue Closing Date by One Day to January 20, 2026Avasara Finance Limited Extends Rights Issue Closing Date by One Day to January 20, 2026
Avasara Finance Limited has extended its rights issue closing date by one day to January 20, 2026, due to a BSE trading holiday for Maharashtra Municipal Corporation Elections. The ₹1,000.18 lakh rights issue offers up to 1,00,01,800 equity shares at ₹10.00 per share in a 2:1 ratio to eligible shareholders. The board approved this extension on January 13, 2026, with corresponding adjustments to allotment and listing dates while maintaining all other terms of the original offer.
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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.
| Issue Parameter: | Details |
|---|---|
| Number of Shares: | Up to 1,00,01,800 equity shares |
| Face Value: | ₹10.00 per share |
| Issue Price: | ₹10.00 per share |
| Total Issue Size: | ₹1,000.18 lakhs |
| Rights Ratio: | 2:1 (2 rights shares for every 1 existing share) |
| Record Date: | January 1, 2026 |
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:
| Activity: | Original Schedule | Revised Schedule |
|---|---|---|
| Issue Closing Date: | January 19, 2026 | January 20, 2026 |
| Basis of Allotment Finalization: | January 20, 2026 | January 21, 2026 |
| Date of Allotment: | January 20, 2026 | January 21, 2026 |
| Credit of Rights Equity Shares: | January 21, 2026 | January 22, 2026 |
| Date of Listing: | January 22, 2026 | January 23, 2026 |
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.
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