Outcome of Board Meeting Held On 6th Septemebr,2025
Awaiting price reaction for this filing.
AVI Polymers' board met on September 6, 2025, and approved several items including the Directors' Report for FY25 and the notice for the 32nd Annual General Meeting scheduled for September 28, 2025, at 12:00 noon via video conferencing. The board approved the appointment of M/s. S K Bhavsar & Co. as Statutory Auditors and M/s. SCS & Co. LLP as Secretarial Auditors, each for a 5-year term subject to shareholder approval. A key decision is the proposal to shift the registered office from Ranchi, Jharkhand to Ahmedabad, Gujarat. Most notably, the company plans to add significant agriculture-related business objects to its Memorandum of Association, covering farming, agri-commodity trading, pest control products, agricultural sprayers, and agri-consultancy. Adoption of new MoA and AoA aligned with the Companies Act, 2013 was also approved.
The addition of agriculture-focused business objects signals a potential strategic diversification away from the company's core polymer business, which shareholders should evaluate closely. The registered office shift to Gujarat and new long-term auditor appointments are routine corporate housekeeping matters, all pending shareholder approval at the upcoming AGM.