Avasara Finance Ltd — Board Meeting, 30-07-2025: Board Meeting

Avasara Finance has announced a board meeting where it approved the financial results for the quarter. The company reported a loss of 0.19 Cr for the quarter. As of June 30, 2025, accumulated losses stand at 3.18 Cr, significantly eroding net worth. Management expects to improve performance by seeking new revenue streams, maintaining a 'going concern' outlook. Additionally, Mr. Vinu Mammen, an experienced wealth management professional with over 27 years in finance, has been appointed as an Additional Non-Executive and Whole-Time Director for five years. This strengthens the board with his expertise in fund raising and asset monetization.