Notice of Extra Ordinary General meeting (EGM) to be held on December 11, 2025
Awaiting price reaction for this filing.
AVI Polymers has called an Extra-Ordinary General Meeting on December 11, 2025 (via video conferencing) to seek shareholder approval on two items. First, the company wants to increase its authorized share capital from Rs. 6.5 crore (65 lakh equity shares of Rs. 10 each) to Rs. 100 crore (10 crore equity shares of Rs. 10 each) — roughly a 15x jump in the cap. Second, shareholders will vote on appointing M/s Kapil Kumar Agarwal & Associates as the new statutory auditor, filling the casual vacancy caused by the resignation of the previous auditor M/s S K Bhavsar & Co. on October 30, 2025. The new auditor (FRN: 008174C) will serve until the next annual general meeting.
The authorized capital hike itself does not dilute existing shareholders but signals management may be planning a future equity raise, preferential allotment, or stock-based transaction. Shareholders should watch for follow-up announcements on fundraising plans. The auditor change appears routine.