Announced Tue, 30 Jun · 21:42 IST
Avro India EGM approves sale of plant and machinery to Avro Recycling
Board & Shareholder Meetings View source PDF
AVROIND · price
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Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹10.29
prior close
₹10.64
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3———+0.6-2.4-1.5-1.7-3.4-5.9-12.6———
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AI summary
Avro India held an EGM on June 30, 2026 via video conference. Shareholders approved a Special Resolution to sell substantial plant and machinery to M/s Avro Recycling Limited. Out of 13.42 crore total shares, 5.07 crore (37.80%) were polled. Promoter group voted 100 percent in favour (5.07 crore shares). Public non-institutions: 59,079 in favour, 169 against. Resolution passed with 99.9997 percent majority. 39 members attended the meeting.
Likely market impact
Asset sale approved with near-unanimous support. Company declared no promoter interest. Watch for deal valuation and use of sale proceeds.