Scrutinizer Report and Voting results of EGM held on March 30, 2026
AVROIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Avro India Limited held an Extraordinary General Meeting on March 30, 2026 via video conferencing to seek shareholder approval on one ordinary resolution. The resolution sought ratification of a material related party transaction involving personal guarantees given by promoter family members (Sushil Kumar Aggarwal, Anita Aggarwal, Sahil Aggarwal, Nikhil Aggarwal and their HUFs) to IDFC First Bank Limited on behalf of the company, valued at Rs 21.08 crore. Out of a total of 1,33,11,050 outstanding shares, only 53,350 shares (0.40% of outstanding shares) were voted, with 53,349 votes (99.9981%) in favour and just 1 vote against. The resolution was approved with the requisite majority. Only 31 shareholders attended the meeting through video conferencing (4 from promoter group, 27 from public).
The related party transaction involving promoter guarantees worth Rs 21.08 crore has been formally approved by shareholders, removing any governance overhang on the arrangement with IDFC First Bank. However, the extremely low voting turnout of just 0.40% of outstanding shares reflects very limited shareholder engagement in the decision, and the promoter group did not cast any votes on this resolution.