Notice of shareholders meeting to be held on September 28,2025.
Awaiting price reaction for this filing.
AVI Polymers Limited has called its 32nd AGM for September 28, 2025 at 12:00 noon, to be held via video conferencing. Ordinary business includes adopting FY2024-25 audited financials, re-appointing director Mr. Pankaj Thakkar (who retires by rotation), and appointing M/s S K Bhavsar & Co. as the new statutory auditor for a 5-year term (FY 2025-26 to 2029-30). Shareholders will also vote on appointing SCS & CO. LLP as secretarial auditors for 5 years and regularising the appointments of four directors, including Mr. Chintan Yashwantbhai Patel as Managing Director (for 5 years from April 18, 2025) and two new Independent Directors. A notable special resolution proposes shifting the registered office from Ranchi (Jharkhand) to Gujarat. Another major resolution seeks to expand the company's main business objects to include agriculture, farming, horticulture, agri-commodities trading, and related advisory services — a significant shift from its current polymer-focused business.
The proposed shift of registered office to Gujarat and the addition of agriculture-related business objects signal a potential strategic pivot that could materially change the company's business direction and warrant close investor attention. Multiple board changes, including a new Managing Director and new auditors, may also affect governance and investor sentiment in the near term.