Announcement under regulation 30 of LODR regulation , 2015
Awaiting price reaction for this filing.
AVI Polymers Limited announced it has received in-principle approval from BSE Limited (dated January 06, 2026) for a proposed Rights Issue of fully paid-up equity shares. The company can now use BSE's name in its Letter of Offer, subject to standard disclaimers. However, the filing does not disclose the size of the issue, the ratio (e.g., how many shares per existing share), the issue price, or the record date. The company must still complete post-issue procedural requirements and disclose the rights issue price at least three working days before the record date.
Existing shareholders may get an opportunity to subscribe to additional shares to avoid dilution, but terms of the rights issue (size, price, ratio, and record date) are yet to be announced. Investors should wait for the Letter of Offer before making any decisions, as the actual financial impact depends on issue size and pricing.