Annual report for the financial year 2024-2025.
Awaiting price reaction for this filing.
AVI Polymers Ltd (BSE: 539288) submitted its 32nd Annual Report for FY 2024-25 to BSE on September 6, 2025. The 32nd Annual General Meeting is scheduled for September 28, 2025 via video conference. Several key changes are proposed: appointment of a new statutory auditor M/s S K Bhavsar & Co. for a 5-year term (replacing Jain Kedia and Sharma), appointment of SCS & Co. LLP as Secretarial Auditor for 5 years, and regularization of multiple new directors including Mr. Chintan Yashwantbhai Patel as Managing Director (appointed April 18, 2025) and several Independent Directors. The company also proposes shifting its registered office from Ranchi (Jharkhand) to Gujarat and adding new agriculture-related businesses to its main objects clause, signaling a possible diversification from polymers into agri-business.
Shareholders should note the major corporate restructuring: a complete overhaul of the board (most directors appointed in 2025), a change in statutory auditor, a shift in registered office to Gujarat, and a significant expansion of business objects into agriculture, farming, and related activities. No financial numbers are disclosed in this filing to gauge business performance.