EGM approves sale of plant and machinery to Avro Recycling
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Avro India held an EGM on June 30, 2026 where shareholders approved a special resolution to sell a substantial part of the company's plant and machinery to M/s Avro Recycling Limited. Out of 13.42 crore total shares, 5.07 crore votes were polled (37.80%). The resolution passed with 99.9997 percent in favor. Promoters holding 7.2 crore shares voted entirely in favor, while public non-institutions voted 99.71 percent in favor. Only 169 shares voted against. 39 members attended via video conference.
Shareholders cleared the plant and machinery sale to Avro Recycling with near-unanimous support, indicating strong approval for this asset disposal.