Annual Report for 41st AGM to be held on 30th September, 2025
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Aviva Industries has filed its Annual Report for FY 2024-25 along with the notice for its 41st AGM scheduled on September 30, 2025, to be held via video conferencing. Key special business items include a proposal to issue up to 3,10,00,000 fully convertible equity warrants at Rs 28 per warrant, aggregating up to Rs 86.8 crore, on a preferential basis to identified non-promoter individuals plus 65 lakh warrants to promoter Bharvin Patel. The company also seeks shareholder approval to shift its registered office from Mumbai (Maharashtra) to Ahmedabad (Gujarat), appoint new statutory and secretarial auditors for 5-year terms, regularize multiple director appointments, change the designation of Nikhil Patel from Executive to Non-Executive Director, and add agriculture-related businesses to its main objects clause.
The preferential warrant issue could lead to significant equity dilution (up to 3.1 crore shares) if all warrants are converted within 18 months, potentially affecting existing shareholders. The shift to Ahmedabad and expansion of business objects into agriculture suggest a strategic refocus, which may alter the company's future business profile.