AVRO INDIA LIMITED has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on April 18, 2026
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Avro India Limited held an Extraordinary General Meeting on April 18, 2026 through video conferencing, which lasted 28 minutes. The EGM passed three resolutions: adoption of a new set of Articles of Association, approval for sub-division of equity shares from face value of Rs. 10 to Rs. 1 (10:1 split), and alteration of the Capital Clause in the Memorandum of Association to reflect the share split. Remote e-voting was open from April 15-17, 2026, with a cut-off date of April 11, 2026. Voting results along with the scrutinizer's report will be declared within two working days of the meeting conclusion. 32 members attended the meeting.
The share split from Rs. 10 to Rs. 1 face value will increase the number of shares 10 times while proportionally reducing the price, potentially making the stock more affordable for retail investors and improving liquidity. Adoption of new Articles of Association may indicate updates to corporate governance or constitutional framework.