Key Financial Figures (₹ lakhs)
Revenue from Operations: 5.65 (FY26) vs 0 (FY25)
Total Expenditure: 262.44 (FY26) vs 44.61 (FY25)
Net Loss Before Tax: (256.79) (FY26) vs (44.61) (FY25)
Current Tax Expense: 36.17 (FY26) vs 0 (FY25)
Net Loss After Tax: (220.61) (FY26) vs (44.61) (FY25)
Accumulated Losses: (519.77) as at March 31, 2026
Capital Structure Changes
Rights Issue: Successfully completed Rights Issue aggregating to ₹1,000.18 lakh in January 2026
Authorized Capital: Increased from ₹20,00,00,000 to ₹37,00,00,000 during FY26
Paid-up Capital: Increased from ₹5,00,09,000 to ₹15,00,27,000 post-Rights Issue
Shareholding Pattern: Jupiter Capital Private Limited holds 74.62% of share capital (111,94,426 shares)
AGM Details
32nd Annual General Meeting: Scheduled for Tuesday, 22nd September, 2026 at 12:00 Noon through Video Conferencing/Audio-Visual Means
Ordinary Business:
- Adoption of audited financial statements for FY26
- Re-appointment of Mr. Venkatraman Venkitachalam (DIN: 05008694) who retires by rotation
- Appointment of M/s. Ford Rhodes Parks & Co LLP as Statutory Auditors for 3 years (FY27-FY29)
Special Business:
- Appointment of M/s. Priti J Sheth & Associates as Secretarial Auditor for 5 years (FY27-FY31)
Board and Management Changes
Resignations during FY26:
- Mr. Valmeekanathan Subramanian (Non-Executive Director) - 15th April, 2025
- Ms. Deepthi Donkeshwar (Additional Non-Executive Independent Director) - 27th May, 2025
- Mr. Sabarinath Gopalakrishnan (Non-executive Director) - 11th August, 2025
- Mr. Sanjay Prabhu (Non-Executive Director) - 9th October, 2025
Appointments during FY26:
- Mr. Raj Surendra Jain as Chief Financial Officer - 27th May, 2025
- Ms. Jaya Janardanan as Non-Executive Independent Director - 27th June, 2025
- Mr. Vinu Mammen as Whole-Time Director - 30th July, 2025 (approved by members on 25th September, 2025)
- Mr. Nityanand Shankar Nayak and Mr. Vivek S. Kakati as Additional Non-Executive Independent Directors - 31st July, 2025
- Mr. Eugene Oommen Koshy as Additional Non-executive Non-Independent Director - 9th October, 2025
- Mr. Venkatraman Venkitachalam as Additional Non-executive Non-Independent Director - 30th January, 2026
Post-Year End Changes:
- Mr. Eugene Oommen Koshy resigned as Non-executive Non-Independent Director - 10th August, 2026
- Ms. Khandavalli Madhavi resigned as Company Secretary & Compliance Officer - 12th August, 2026
Corporate Actions
Name Change: Company name changed from Avasara Finance Limited to BYLD Capital Finance Limited effective 22nd May, 2026
Auditor Information
Statutory Auditors: M/s. Ford Rhodes Parks & Co LLP (FRN No. 102860W/W100089) proposed for appointment at remuneration of ₹95,000 per annum plus taxes and expenses
Secretarial Auditors: M/s. Priti J Sheth & Associates proposed for appointment for 5 years
Internal Auditors: M/s. Adithya Vishwas & Co, Chartered Accountants
Related Party Transactions
Consultancy Fee of ₹125 lakh received from Hindusthan Infrastructure Projects & Engineering Private Limited (fellow subsidiary)
Salary of ₹53 lakh paid to Mr. Raj Surendra Jain (CFO)
Loans taken from related parties: ₹98.14 lakh from holding company, ₹30 lakh from fellow subsidiary
Other Material Information
Investments: ₹826.95 lakh in mutual funds and equity instruments as at March 31, 2026
NPA Provisions: ₹143.55 lakh provided against non-performing loans
Going Concern: Financial statements prepared on going concern basis despite accumulated losses
Dividend: No dividend recommended for FY26
Voting Arrangements
Remote E-Voting: Period from 19th September, 2026 (9:00 AM) to 21st September, 2026 (5:00 PM) through Purva Sharegistry (India) Private Limited
Record Date: Tuesday, 15th September, 2026