AVI Polymers Ltd

Dematerialisation status

• Dematerialisation requests received during the quarter were processed and confirmed to the depositories.
• Securities dematerialised have been listed on the exchanges where the earlier issues are listed.
• Physical certificates were mutilated and cancelled; depository name substituted as registered owner within 15 days.

AVI Polymers AGM filing excerpt contains no substantive resolutions or details in this chunk

AVI Polymers Ltd - Closure of Trading Window

Financial highlights

• Revenue from operations for FY26: Rs 31,210.88 Lakhs.
• Total income: Rs 31,258.67 Lakhs.
• Net profit after tax: Rs 2,032.91 Lakhs; up from prior year.
• EPS (basic/diluted): Rs 2.16 for FY26.
• Net profit margin: 6.51% for FY26.
• Dividend for the year: not recommended.
• Equity share capital increased to Rs 9,447.06 Lakhs.
• Rights issue approved to strengthen capital base.
• Subsidiaries formed: Avi Eco Spark, Avi Waste Management, Avi AI Technologies.

Capital structure & equity

• Authorised share capital increased to Rs 1,05,00,00,000 during the year.
• Issued 94,086,100 equity shares of Rs 10 each.
• Equity share capital rose from Rs 447.52 Lakhs to Rs 9,447.06 Lakhs.
• Rights issue received in-principle approval from BSE; formal approvals in 2026.

Subsidiaries & corporate actions

• Incorporated three wholly owned subsidiaries: Avi Eco Spark Pvt Ltd, Avi Waste Management Pvt Ltd, Avi AI Technologies Pvt Ltd.
• Management announced rights issue to strengthen capital base.

Governance & board changes

• Independent Directors Meenu Jain, Reema Magotra, Pushpa Joshi appointed; five-year terms from 2026.
• Pankaj Thakkar to retire by rotation; eligible for re-appointment.
• Statutory auditors Kapil Kumar Agarwal & Associates appointed for 2026-27 to 2030-31.
• Board meetings held: 12 in FY25-26; independent directors met 18/12/2025.

Audits & internal controls

• Independent Auditor’s report notes emphasis on trade receivables and payables balances due to uncertainties.
• Material weakness identified in internal financial controls: documentation & IT controls inadequate.
• ICFR deemed adequate except for identified material weakness; no adverse impact on overall opinion.

Related party transactions

• Related party salaries: MD Rs 12.00 Lakhs; Director Rs 6.00 Lakhs.
• Loans from Rootsparkle Trading Pvt Ltd: Rs 4.16 Lakhs.
• Investments in wholly owned subsidiaries: Rs 1.00 Lakh each (Avi Eco Spark, Avi Waste, Avi AI Technologies).
• Outstanding: MD Rs 9.00 Lakhs; Director Rs 6.00 Lakhs; receivable from Rootsparkle Rs 4.16 Lakhs.

Risks, outlook & ESG

• Risk management framework covers currency, regulatory changes, manufacturing, IT, market risks.
• Risks include raw material price volatility, supply chain disruptions, and geopolitical factors.
• Outlook remains cautiously positive; benefits from diversified markets and cost controls.

CSR, compliance & disclosures

• CSR mandate not applicable; company voluntarily constituted CSR Committee.
• Compliance notes: SEBI/LODR disclosures and secretarial standards adhered; some non-compliances noted in secretarial audit.

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.

Meeting Details

• No date, time, or venue disclosed in this filing chunk.

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.