Outcome of Board Meeting along with Corrigendum held today i.e., February 18, 2026 as per the Regulation 30 of SEBI (LODR) Regulation, 2015
Awaiting price reaction for this filing.
AVI Polymers Ltd's Board of Directors, at a meeting held on February 18, 2026, approved an extension of the Rights Issue timeline. The issue opening date has been pushed from February 20, 2026 to February 23, 2026, and the closing date has been extended from March 11, 2026 to March 16, 2026. The company stated this extension aims to give shareholders more time to participate in the Rights Issue. The revised allotment date is March 24, 2026, credit date is March 30, 2026, and expected listing date is March 31, 2026. A corrigendum was also issued to update the earlier outcome of the February 5, 2026 board meeting.
Shareholders now have additional days to apply for the Rights Issue, with the deadline extended by 5 days to March 16, 2026. This is a procedural timeline change and does not alter the underlying issue size or pricing, so the direct impact on the stock is expected to be minimal.