NewsCorporate ActionsAvasara Finance Limited Extends Rights Issue Closure Period by One Day Due to Trading HolidayAvasara Finance Limited Extends Rights Issue Closure Period by One Day Due to Trading Holiday
Avasara Finance Limited extended its rights issue closure by one day from January 19 to January 20, 2026, due to a BSE trading holiday for Maharashtra Municipal Corporation Elections. The ₹1000.18 lakh rights issue involves 1.00 crore equity shares at ₹10.00 face value each. The extension has shifted the entire schedule, with listing now planned for Friday, January 23, 2026, while key earlier dates remain unchanged.
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Avasara Finance Limited announced that its Board of Directors has approved a one-day extension of the company's ongoing rights issue closure period. The decision was made during a board meeting held on Tuesday, January 13, 2026, to accommodate a trading holiday declared by the Bombay Stock Exchange.
Rights Issue Details
The rights issue involves 1.00 crore (10001800) fully paid-up equity shares with a face value of ₹10.00 each, for an aggregate amount not exceeding ₹1000.18 lakh. The closure period has been extended from Monday, January 19, 2026, to Tuesday, January 20, 2026, representing an additional day due to the trading holiday on Thursday, January 15, 2026.
The BSE declared the trading holiday specifically for the Municipal Corporation Elections in Maharashtra, necessitating the adjustment to the rights issue timeline.
Revised Issue Schedule
The extension has resulted in modifications to several key dates in the rights issue process:
| Activity: | Original Schedule | Revised Schedule |
|---|---|---|
| Issue Closing Date: | Monday, January 19, 2026 | Tuesday, January 20, 2026 |
| Basis of Allotment Finalisation: | Tuesday, January 20, 2026 | Wednesday, January 21, 2026 |
| Date of Allotment: | Tuesday, January 20, 2026 | Wednesday, January 21, 2026 |
| Credit of Rights Equity Shares: | Wednesday, January 21, 2026 | Thursday, January 22, 2026 |
| Date of Listing: | Thursday, January 22, 2026 | Friday, January 23, 2026 |
Several key dates remain unchanged, including the last date for credit of rights entitlements (Friday, January 2, 2026), the issue opening date (Friday, January 9, 2026), and the last date for on-market renunciation of rights entitlements (Wednesday, January 14, 2026).
Board Meeting Details
The board meeting commenced at 11:00 A.M. and concluded at 12:00 Noon on Tuesday, January 13, 2026. Company Secretary and Compliance Officer Khandavalli Madhavi (FCS No. 6844) signed the official communication to BSE Limited regarding the extension.
The company retains the right to further extend the issue period as determined by the board or a duly authorized committee, but not exceeding 30 days from the issue opening date. Additionally, no withdrawal of applications will be permitted by any applicant after the issue closing date.
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