Avasara Finance Ltd — Important, 15-05-2026: Company Update

Avasara Finance's Monitoring Agency Report for the quarter ended March 31, 2026, confirms no deviation in the utilization of its Rs. 10.00 Cr Rights Issue proceeds. The company utilized Rs. 0.64 crore during the quarter, primarily for general corporate purposes and issue expenses. The remaining Rs. 9.36 crore of unutilized funds are strategically deployed across Axis Liquid Funds, a Fixed Maturity Plan, and bank accounts. This update assures shareholders that funds raised are being used as planned, aligning with the company's stated objectives for long-term capital augmentation and business development.