Intimation of postponement of board meeting under regulation 29 of SEBI (LODR) regulation, 2015
Awaiting price reaction for this filing.
AVI Polymers Ltd has postponed its board meeting that was originally scheduled for January 17, 2026. The board was set to consider and approve the terms of a proposed Rights Issue, including the issue price, entitlement ratio, record date, and timing. The company says it needs more time for a comprehensive planning and strategic review of the proposed transaction. A revised date for the board meeting will be shared with the stock exchange later. No new indicative timeline has been provided to shareholders yet.
This is a procedural delay rather than a decision change, but it pushes back the Rights Issue timeline and leaves existing investors waiting for clarity on the entitlement ratio, price, and record date. Short-term sentiment may turn cautious until the new meeting date is announced.