Announcement under regulation 30 of SEBI (LODR) regulation 2015
Awaiting price reaction for this filing.
AVI Polymers Ltd has incorporated a wholly owned subsidiary named AVI Waste Management Private Limited (AWMPL) with the Ministry of Corporate Affairs approving it on February 19, 2026, and the Certificate of Incorporation issued on February 21, 2026. AWMPL has an authorized capital of ₹1,00,000 (divided into 10,000 equity shares of ₹10 each) and will operate in the Waste Management & Recycling / Scrap Trading industry. AVI Polymers holds 100% of the subsidiary through direct or nominee shareholding, with the initial subscription made via cash/banking channel. The subsidiary is a related party to the listed entity and has no turnover yet, as it is freshly incorporated.
This is a small-scale diversification move into waste management and recycling, with minimal financial impact given the nominal capital of just ₹1 Lakh. Shareholders should view this as an early-stage business expansion, but the subsidiary's size is too small to materially affect the company's financials in the near term.