Notice of AGM to be held on 30th September, 2025
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Aviva Industries Ltd has called its 41st AGM on Tuesday, September 30, 2025 at 12:00 PM IST via video conferencing. Ordinary business includes adoption of FY25 audited financials, re-appointment of Mr. Nikhil Patel, and appointment of M/s S K Bhavsar & Co. as new statutory auditors for a 5-year term (FY26-FY30). Key special business items include shifting the registered office from Mumbai (Maharashtra) to Ahmedabad (Gujarat), changing the main objects of the company to add agriculture, farming, dairy, pest control and agri-consultancy activities, and adopting new MOA and AOA. Multiple board changes are proposed: Mr. Nikhil Patel's designation shifts from Executive to Non-Executive Non-Independent Director, Mr. Sanjaykumar Patel joins as Executive Director, and Ms. Reeya Kothari and Mr. Vishalkumar Patel are appointed as Independent Directors. The biggest resolution is a preferential issue of up to 3.1 crore fully convertible equity warrants at Rs. 28 each (face value Rs. 10, premium Rs. 18), aggregating up to Rs. 86.8 crore, with promoter and Managing Director Bharvin Patel being the largest allottee at 65 lakh warrants.
The preferential warrant issue at Rs. 28 could mean meaningful dilution for existing shareholders if fully converted, while bringing in fresh capital and signalling confidence from the promoter (who is taking the largest tranche). The shift to agriculture-related business objects marks a notable strategic pivot away from the current focus, and the registered office shift to Gujarat aligns the legal entity with the promoter's base. None of these changes take effect without shareholder approval at the AGM.