Avro India Ltd

Warrant lapse and forfeiture

• 3,23,450 convertible warrants issued to promoter group lapsed after the 18-month exercise period.
• Total issue value ₹59,999,975; 25% upfront ₹14,999,993.75 forfeited.
• Balance 75% payable at exercise was not received by the deadline (10 August 2026).
• As of 11 August 2026, warrants lapse; holders cease conversion rights.
• No change in paid-up share capital; forfeited amount retained by the company.
• Board to consider the lapse and necessary resolution at upcoming meeting.
• Annexure A: 3,23,450 warrants, issued 11-02-2025; 1 holder; no exercises.

Financial results

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Limited review by statutory auditors; results prepared under Ind AS; Audit Committee reviewed.
• Standalone revenue from operations: 2,349.75 lakh; total income: 2,526.81 lakh; PAT: 68.72 lakh; EPS: 0.05.
• Consolidated revenue from operations: 2,534.28 lakh; total income: 2,741.34 lakh; PAT: 69.32 lakh; EPS: 0.05.
• PPE sold to wholly-owned AVRO Recycling Limited for 1,261.98 lakh in quarter.
• Equity share split from Rs10 to Rs1 approved earlier; EPS adjusted retroactively; ex-date 05 May 2026.
• Operating segment: plastics (single segment).

Capital actions & governance

• Warrants conversion: 1,06,090 equity shares allotted on Apr 18, 2026; 4,24,361 warrants lapsed.
• Forfeiture of 25% of warrant consideration Rs 135.00 lakh due to non-receipt of balance.
• AVRO Recycling Limited is the wholly-owned subsidiary as of Jun 30, 2026.
• No investor complaints pending as on Jun 30, 2026.

Meeting Details

• Board meeting on 14 August 2026 at 05:00 PM at registered office, A-7/36-39, Electrosteel Casting Compound, Ghaziabad, UP.

Key Agenda Items

• Consider unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, with limited review.

Other Notes

• Trading window will remain closed from 01 July 2026 until 48 hours after the unaudited results declaration.

Avro India Limited trading window closed from July 01, 2026 till 48 hours after the declaration of the Unaudited Standalone & Consolidated financial results for the quarter ended June 30, 2026

Dematerialisation processing and registry updates

• Securities received for dematerialisation during 01/04/2026 to 30/06/2026 were confirmed to depositories within 15 days.
• Security certificates received for dematerialisation were mutilated and cancelled after due verification.
• Depositories' names were substituted as registered owners in the register of members within 15 days.
• Updates were provided to Depositories and all stock exchanges where listed within 15 days.
• Register of Members updated accordingly.

Preferential issue listing details

• Approval from NSE and BSE for listing and trading 1,060,900 equity shares.
• Equity shares allotted on preferential basis to non-promoters at Re 1, premium Rs 11.72.
• Distinctive numbers range 133110501 to 134171400; lock-in until 05-Jan-2027.
• Listing and trading effective from July 3, 2026.

Resolution details

• Resolution: Special to sell substantial part of plant and machinery.
• Counterparty: Avro Recycling Limited.
• Promoter/Group interest: None in agenda.
• Votes polled: 50,713,638 shares; in favour 50,713,469; against 169.
• Outcome: Special resolution passed by requisite majority.
• Mode: Meeting conducted via VC/OAVM.
• Scrutinizer: Lalit Chaturvedi; report confirms approval.