Announcement under regulation 30 of SEBI (LODR) regulation 2015
Awaiting price reaction for this filing.
AVI Polymers Ltd has informed BSE that the Ministry of Corporate Affairs has approved the incorporation of its wholly owned subsidiary, AVI AI Technologies Private Limited (CIN: U62090GJ2026PTC173809), on February 18, 2026. The new subsidiary will operate in the Information Technology (IT) Services and Artificial Intelligence (AI) Solutions sector, which is outside AVI Polymers' existing core line of business. It has an authorized capital of Rs 1,00,000 (10,000 equity shares of Rs 10 each), and AVI Polymers will hold 100% of the initial shareholding, funded through cash. Since the company itself is the promoter of this WOS, it qualifies as a related party transaction. No turnover or historical financials apply as the entity is newly incorporated.
This is a small, newly formed subsidiary with minimal capital, so the immediate financial impact on shareholders is limited. However, it signals AVI Polymers' strategic intent to diversify into the IT/AI space, which could be a positive long-term development if the new venture gains traction.