Allotment Of 32,20,000 Equity Shares Of Face Value Of INR 10/- Each Pursuant To Conversion Of 32,20,000 Fully Convertible Equity Warrants (Warrants)

Aviva Industries Ltd's board approved the allotment of 32,20,000 equity shares of INR 10 face value each upon conversion of an equal number of Fully Convertible Equity Warrants. The warrants were originally allotted in January 2026 at INR 28 per warrant to two non-promoter allottees: Anandbhai Jankabhai Gavli (16,00,000 shares) and Surti Viralkumar Sureshbhai (16,20,000 shares). This preferential allotment increases the company's paid-up equity share capital from INR 27,68,40,000 (2,76,84,000 shares) to INR 30,90,40,000 (3,09,04,000 shares), representing an increase of approximately 32,20,000 new shares or roughly 11.6% dilution for existing shareholders.