AVI Polymers Ltd

Key board decisions and disclosures

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Limited Review Reports on standalone and consolidated results placed on record.
• Auditor's Emphasis of Matter on trade receivables, payables, and loans pending verification.
• No reportable segments; management deems segment information not useful.
• Subsidiaries disclosed: Avi Eco Spark Pvt Ltd (inc 21 Feb 2026).
• Subsidiaries disclosed: Avi Waste Management Pvt Ltd (inc 19 Feb 2026).
• Subsidiaries disclosed: Avi AI Technologies Pvt Ltd (inc 18 Feb 2026).
• Audit Committee reviewed results prior to Board approval.
• Approval date: August 13, 2026.

Office, stake and compliance

• Clarification to the exchange on office premises and promoter stake following the rights issue.
• Registered Office: Ranchi, Jharkhand; Corporate Office: Anand, Gujarat; Ahmedabad premises not the registered office.
• Promoters’ stake diluted due to the rights issue; no sale or exit by promoters.
• Company states compliance with Companies Act, SEBI LODR, and all applicable laws; affairs conducted in ordinary course.
• All material information disclosed to the Stock Exchange; reliance on these disclosures requested.
• MCA Master Data attached confirming registered office and active status.
• Requests investors rely on statutory filings and disseminate clarification on the Exchange’s website.
• Clarification signed by Managing Director Chintan Patel on 13 July 2026.
• Capital snapshot: Authorized Rs 100 crore; Paid-up Rs 94.08 crore; Last AGM 28/09/2025; Balance sheet date 31/03/2025.
• ROC Ranchi; Status Active; Category Public; Subcategory Non-government.

Dematerialisation processing and listing

• Securities received for dematerialisation in the period were processed (accepted/rejected) by the registrar.
• Dematerialised securities were listed on the exchanges where the issuer’s securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; ownership updated to reflect the depository within the timeline.

Resolutions and outcomes

• Resolution 1 (Ordinary): Increase in authorised share capital; 99.93% in favour, 0.07% against.
• Resolution 2 (Ordinary): Issuance of bonus shares; 99.96% in favour, 0.04% against.
• Resolution 3 (Ordinary): Split shares from Rs 10 to Re 1; 99.79% in favour, 0.21% against.
• Resolution 4 (Special): Change in object clause and MOA alteration; 99.79% in favour, 0.21% against.

Purpose and process

• Board sought member consent via postal ballot on four corporate actions.
• Remote e-voting via NSDL conducted June 9–July 8, 2026.

Resolutions

• Resolution 1 (Ordinary): Increase authorised share capital; alter Clause V of MOA.
• Resolution 2 (Ordinary): Issuance of bonus shares.
• Resolution 3 (Ordinary): Split shares from face value Rs 10 to Re 1.
• Resolution 4 (Special): Change in object clause and MOA alteration.

Outcomes

• Resolution 1: Passed with requisite majority; 100% of polled votes in favour.
• Resolution 2: Passed; in-favour 99.96%, against 0.04%.
• Resolution 3: Passed; in-favour 99.79%, against 0.21%.
• Resolution 4: Passed; in-favour 99.79%, against 0.21%.

Impact on shareholders

• Material capital and governance changes: higher authorised capital, bonus issue, and share split.
• Object clause amended; MOA updated to reflect revised business scope.

Meeting Details

• Board meeting scheduled for Thursday, June 4, 2026.

Key Agenda Items

• Consider stock split of equity shares in a 1:10 ratio, subject to shareholder approval.
• Consider issuance of bonus equity shares in a 10:1 ratio.
• Deliberate on diversification into industrial waste management, recycling technology, and sustainability consulting.

Other Notes

• Trading window closed immediately for designated persons and relatives, reopening 48 hours after the meeting.