AVRO INDIA LIMITED has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on March 30, 2026
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Avro India Limited held an Extraordinary General Meeting (EGM) on March 30, 2026 via video conference, attended by 31 members, with all board directors present. The meeting considered one Ordinary Resolution to ratify a material related party transaction involving personal guarantees of Rs. 21.08 Crores given by promoters Sushil Kumar Aggarwal, Anita Aggarwal, Sahil Aggarwal, Nikhil Aggarwal, and three related Hindu Undivided Families (HUFs) to IDFC First Bank Limited on behalf of the Company. The EGM commenced at 1:00 PM and concluded at 1:27 PM, with e-voting ending at 1:57 PM. Remote e-voting was conducted through NSDL between March 27-29, 2026, with Mr. Lalit Chaturvedi appointed as the Scrutinizer. Voting results will be declared within two working days and shared with BSE, NSE, and posted on the company's website.
This is a routine procedural disclosure confirming shareholders were asked to ratify promoter-backed guarantees taken for company borrowings. The outcome of the vote is pending and will be announced shortly — shareholders should watch for the voting results to confirm the resolution was passed.