Revised outcome of Board meeting held on 05th September, 2025
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Aviva Industries' Board approved increasing authorized share capital from Rs. 18 crore to Rs. 33 crore and issuing up to 3.10 crore fully convertible equity warrants at Rs. 28 each on a preferential basis to 17 specified investors, potentially raising up to Rs. 86.80 crore. The 41st Annual General Meeting is fixed for September 30, 2025 via video conferencing, with e-voting from September 27-29, 2025. The Board appointed M/s SCS & Co. LLP as Secretarial Auditor for a 5-year term and added two new Independent Directors (Ms. Reeya Kothari and Mr. Vishalkumar Patel). It also redesignated Mr. Nikhil Patel from Executive to Non-Executive Director, reclassified Managing Director Mr. Bharvin Patel from Independent to Promoter category, approved shifting the registered office from Mumbai (Maharashtra) to Ahmedabad (Gujarat), and added agriculture, farming, organic products, and pest-control businesses to its main objects clause.
The proposed warrant issue of up to Rs. 86.80 crore is a sizeable capital raise that will dilute existing shareholders once converted, so retail investors should review the preferential allotment terms and exercise their e-voting rights at the September 30, 2025 AGM. The shift to Gujarat and expansion into agriculture signal a strategic pivot away from the company's existing mosaic tile and construction chemicals business.