AVI Polymers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/05/2026 ,inter alia, to consider and approve 1. To consider and evaluate the ....
Awaiting price reaction for this filing.
AVI Polymers Ltd has scheduled a Board meeting on May 7, 2026, to consider a fund-raising proposal via issue of securities through QIP, private placement, preferential issue, or other permissible modes. The indicative valuation is approximately ₹500 crore, subject to due diligence, regulatory approvals, and shareholder consent. The board will also evaluate acquisition options including share purchase or share swap. Additionally, the company proposes to expand its Memorandum of Association to include IT, software development, system integration, and digital platform services, signaling a potential diversification into technology-related businesses.
The ₹500 crore fund raise could be significantly dilutive for existing shareholders depending on the issue size and pricing. The strategic shift into technology services via MoA amendment signals a major pivot beyond polymers, and the market will likely react to the pricing terms once the QIP or placement details are finalised.