Announcement under the regilation 30 of the SEBI (LODR) regulation, 2015
Awaiting price reaction for this filing.
AVI Polymers Ltd announced a revision to its Rights Issue schedule following a board meeting on February 18, 2026. The opening date has been pushed from February 20, 2026 to February 23, 2026, and the closing date extended from March 11, 2026 to March 16, 2026. The company stated the extension is to give shareholders more time to exercise their rights. The revised schedule also sets the allotment date for March 24, 2026 and expected listing on March 31, 2026. A corrigendum was issued to the earlier board meeting outcome dated February 5, 2026 to reflect these changes.
Shareholders now have a longer window (from Feb 23 to Mar 16, 2026) to apply for the Rights Issue, which may benefit those who need more time to arrange funds or review the offer. The delay could slightly push back the timeline for receiving allotted shares and listing, but the extension itself is a procedural change rather than a material change to the issue terms.