Avasara Finance Limited, formerly known as TRC Financial Services Limited, has resubmitted its unaudited financial results for the quarter and half-year ended September 30, following the discovery of misclassifications in its balance sheet and cash flow statement. The company's Board of Directors approved the corrected results on October 9.

Key Highlights

• Misclassification Error: Borrowings of INR 40.06 lakhs were incorrectly shown under non-financial liabilities instead of financial liabilities.
• Financial Performance: The company reported a loss of Rs. 18.90 lakhs for the quarter and Rs. 37.69 lakhs for the six-month period.
• Accumulated Losses: As of September 30, Avasara Finance has accumulated losses of Rs. 336.85 lakhs, resulting in significant erosion of its net worth.

Financial Results Overview

Auditor's Review

The statutory auditors issued an unmodified opinion on the revised results. However, they drew attention to the following matters:

1. The company's accumulated losses of Rs. 336.85 lakhs have resulted in significant erosion of its net worth.
2. The financial statements have been prepared on a going concern basis, the validity of which depends on the company's future business performance.

Management's Perspective

The management of Avasara Finance Limited has stated that they are exploring various avenues to enhance revenue and improve the company's performance. They believe these measures will help in maintaining the company as a going concern.

Investor Considerations

While the resubmission of financial results demonstrates transparency, investors should note the following:

1. The company currently has no revenue from operations.
2. Accumulated losses have significantly eroded the company's net worth.
3. The auditors have highlighted uncertainties regarding the company's status as a going concern.

Investors are advised to carefully consider these factors and monitor the company's future performance and strategic initiatives.

Note: All financial figures are based on the unaudited financial results for the quarter and half-year ended September 30, as resubmitted by Avasara Finance Limited.

Avasara Finance Limited has published newspaper advertisements for its rights issue in compliance with SEBI regulations, marking another milestone in the company's ongoing capital raising initiative. The company officially notified BSE Limited about the newspaper publication on January 6, 2026.

Regulatory Compliance and Publication Details

In adherence to Regulation 84(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Avasara Finance Limited published newspaper advertisements across multiple languages to ensure comprehensive investor outreach.

Rights Issue Structure and Timeline

The newspaper advertisements provide comprehensive details about the rights issue offering, confirming the previously established terms and schedule for eligible shareholders.

Multi-Channel Communication Strategy

The company has ensured comprehensive disclosure through multiple channels, including uploading the newspaper advertisements on its official website at www.trcfin.in . This approach demonstrates Avasara Finance Limited's commitment to transparency and regulatory compliance throughout the rights issue process.

Corporate Governance and Documentation

The notification was issued by Khandavalli Madhavi, Company Secretary and Compliance Officer (FCS No. 6844), maintaining the company's consistent approach to corporate governance. The formal communication to BSE Limited includes proper enclosures of the published advertisements as required under regulatory guidelines.

Investor Access and Information

The published advertisements contain detailed information about the application process, ASBA requirements, and investor guidelines. All relevant documentation, including the Letter of Offer dated December 31, 2025, remains available on the company's website and regulatory platforms for investor reference.