Proceedings of AGM held on September 30,2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aviva Industries Ltd held its 41st AGM on September 30, 2025, via video conferencing, where 13 business items were passed. Shareholders approved the audited financial statements for FY ended March 31, 2025, and the appointment of M/s S K Bhavsar & Co. as new Statutory Auditors along with SCS & CO. LLP as Secretarial Auditors. Several board changes were approved, including re-appointment of Mr. Nikhil Patel (now as Non-Executive Non-Independent Director), appointment of Mr. Sanjaykumar Ashokbhai Patel as Executive Director, and appointment of Ms. Reeya Kothari and Ms. Vishalkumar Patel as Independent Directors. A major corporate action was approved: issuance and allotment of up to 3,10,00,000 fully convertible equity warrants on a preferential basis in one or more tranches. The company also approved shifting of its registered office from Mumbai (Maharashtra) to Ahmedabad (Gujarat) and adoption of new sets of Memorandum and Articles of Association.
Shareholders should note the proposed preferential issue of up to 3.1 crore convertible warrants, which could lead to significant equity dilution once converted. The shift of the registered office to Ahmedabad and the broad changes in governance and objects clause suggest a strategic realignment, potentially setting the stage for business expansion or restructuring.