AVRO INDIA LIMITED has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on April 18, 2026. Further, the company has informed the Exchange regarding voting results.
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Avro India Limited held an Extraordinary General Meeting (EGM) on April 18, 2026, via video conferencing, where shareholders approved all three resolutions with the required majority. The key resolution was the sub-division (stock split) of equity shares from a face value of Rs. 10 per share to Rs. 1 per share, meaning every existing share will be split into 10 shares. Two related ordinary resolutions were also passed: one to alter the capital clause of the Memorandum of Association to reflect the split, and a special resolution to adopt a new set of Articles of Association in line with the Companies Act, 2013. Out of 13,311,050 total outstanding shares, 5,399,441 shares (about 40.56%) were voted, with 5,399,440 votes (essentially 100%) in favour and just 1 vote against each resolution. Promoters and promoter group polled 73.61% of their holding, all in favour, while 32 shareholders attended the meeting through video conferencing.
The approved stock split (Rs. 10 to Rs. 1 face value) will make Avro India's shares more affordable and improve liquidity, potentially attracting more retail investors and narrowing the bid-ask spread. Shareholders will automatically hold 10 times more shares at one-tenth the price post-split, with no change in total investment value. The near-unanimous approval signals strong shareholder confidence in the management's decisions.