AVRO INDIA LIMITED has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on March 30, 2026
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Avro India has issued a corrigendum (correction) to its EGM notice originally dated March 06, 2026. The EGM is scheduled for March 30, 2026 at 1:00 PM via video conference to seek shareholder approval for ratifying a material related party transaction involving personal guarantees of Rs. 21.08 crores given by the promoter group — Sushil Kumar Aggarwal, Anita Aggarwal, Sahil Aggarwal, Nikhil Aggarwal, and their HUFs — to IDFC First Bank on behalf of the company. The corrigendum revises two disclosure figures: the transaction now represents 371.56% of the company's turnover (up from a previously stated figure) and 10.35% of the counter-party's annual consolidated turnover. No other changes have been made to the original EGM notice.
This is a technical correction to the EGM notice, not a new business decision. However, the revised figure of 371.56% underscores the significant size of the related-party guarantee relative to the company's turnover, making this an important matter for shareholders to review before voting on March 30, 2026.