1. Increase in Authorised Share Capital of the Company 2. Convening an Extra-Ordinary General Meeting of the Company on Thursday, December 11, 2025 through video conferencing or other ....
Awaiting price reaction for this filing.
The board of AVI Polymers Ltd approved increasing the company's Authorised Share Capital from Rs. 6.5 crore (65 lakh equity shares of Rs. 10 each) to Rs. 100 crore (10 crore equity shares of Rs. 10 each) — roughly a 15-fold jump. To get shareholder approval for this change, an Extra-Ordinary General Meeting (EGM) has been scheduled for Thursday, December 11, 2025, to be held via video conferencing. NSDL has been appointed as the remote e-voting agency and SCS & Co. LLP as scrutinizer for the EGM process. The filing does not specify what corporate action (such as a bonus issue, stock split, rights issue, or preferential allotment) is planned using the expanded capital base. The board meeting lasted only 30 minutes, from 2:00 p.m. to 2:30 p.m. on November 10, 2025.
A sharp rise in authorised share capital typically signals that a major equity action is in the pipeline (such as a bonus, split, or fresh issuance), which could dilute existing holders or reward them depending on the structure. Until the EGM notice reveals the actual purpose, investors should watch for further clarification before drawing conclusions.