Announcement under regulation 30 of SEBI (LODR) regulation 2015
Awaiting price reaction for this filing.
AVI Polymers Limited has incorporated a wholly owned subsidiary named AVI ECO SPARK PRIVATE LIMITED (AESPL), approved by the Ministry of Corporate Affairs on February 21, 2026. The new subsidiary has an authorized capital of Rs. 1,00,000 (1 Lakh) divided into 10,000 equity shares of Rs. 10 each. AESPL will operate in the energy sector with the objective of generating electric energy and power. AVI Polymers will hold 100% shareholding in the subsidiary, funded through cash/banking channel subscription. The subsidiary is classified as a related party transaction given the promoter relationship.
This marks AVI Polymers' entry into the electric energy/power generation business, signaling diversification beyond its current operations. However, the very small initial capital (Rs. 1 Lakh) suggests this is an early-stage or pilot venture rather than a major operational shift, so immediate material impact on the stock may be limited.