AVRO INDIA LIMITED has informed the Exchange about General Updates
AVROIND · price
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Awaiting price reaction for this filing.
The board of Avro India Limited, at its meeting on 14th May 2025, approved the incorporation of a wholly owned subsidiary named 'Avro Recycling Limited' (or any other name approved by authorities). The main business of this new entity will be recycling of plastic waste. The company plans to make an initial investment of only Rs. 1 lakh by subscribing to the memorandum of association of the new subsidiary. Further details as per SEBI's master circular will be shared once the entity is formally incorporated.
The financial impact is negligible given the token investment of just Rs. 1 lakh, so this is unlikely to move the stock. However, it signals the company's intent to diversify into the plastic recycling/sustainability space, which could be a positive long-term ESG narrative if scaled up later.