AVRO INDIA LIMITED has informed the Exchange about General Updates
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Avro India Limited has incorporated a wholly owned subsidiary named 'Avro Recycling Limited' on May 14, 2025, with the Ministry of Corporate Affairs issuing the Certificate of Incorporation. The new subsidiary will focus on processing and recycling of plastic waste, marking Avro India's expansion into a new business vertical beyond its core operations. Avro India subscribed to 100% of the share capital (1,00,000 equity shares) at face value, making it a related party transaction with common directors. The subsidiary has an authorized capital of Rs. 5 lakh and has not yet commenced operations.
This is a small-scale diversification move into plastic recycling that signals management's intent to expand into the sustainability/ESG space. Since the subsidiary is newly incorporated with minimal capital and no operations yet, the near-term financial impact on Avro India is negligible, but it could provide a new growth avenue over time.