BACKGROUND OF THE COMPANY

BACKGROUNDOF THE COMPANY :

Avasara Finance Ltd (Avasara) was originally incorporated as TRC Financial and Management Services Pvt. Ltd vide Certificate of Incorporation dated 24th May, 1994 issued by Registrar of Companies, N.C.T of Delhi & Haryana. The Company was converted into Public Limited Company during the year and accordingly its name was changed as TRC Financial  and Management Services Limited. On 8th November 1994, the name of the Company was changed to TRC Financial Services Limited, and On 12^th January 2022, the name of the Company was changed to Avasara Finance Limited. The Company at present has its Registered Office situated at Bandra Hill View CHS,3rd Floor, 85, Hill Road, Opp. Yoko Sizzlers, Bandra (W), Mumbai-400050. The Corporate Identification Number (CIN) of the Company is L74899MH1994PLC216417.

2 The promoters of the Company is M/s Jupiter Capital Private Limited.

3 TRC being a NBFC Company engaged in the business of Loan Finance etc.

4 The Main Objects clause of TRC, as per Memorandum of Association, includes inter-alia to “To provide comprehensive management, financial and project consultancy services, including arranging for loan syndications, preparation of project reports, preparation of viability and diagnostic studies, valuation of assets, business, capital, portfolio services, project implementation, project clearances from Government, institutions and Banks and to carry out the business of Merchant Banking, leasing, financial/loan business, deferred payment guarantees, hire purchase, credit rating services, securitization, bill marketing, bill discounting, factoring.

5 The equity shares of the Company are listed at Bombay Stock Exchange Limited, Mumbai (BSE).