Intimation regarding Intention of promoters to acquire up to 5% of the total paid up equity share capital of AVI Polymers Limited from the open market
Awaiting price reaction for this filing.
AVI Polymers Ltd promoters intend to acquire up to 5% of the company's total paid-up equity share capital through open market purchases. The acquisition will be done in a phased manner over the coming months. The company highlighted strong FY26 financial results with a 4,854x revenue surge to Rs 3,312.11 crore and a 25x expansion in net profit. The promoters stated the purchase reflects their conviction in the company's strategic direction, noting the company is now debt-free with expanding net worth and newly launched AI subsidiaries (KrishiBuddy and AVI Health AI). All purchases will comply with SEBI's creeping acquisition limits and insider trading regulations.
Promoter stake purchase signals management confidence in the company's turnaround and could support the stock price, especially given the 5% acquisition limit being near the regulatory threshold for creeping acquisition disclosure.