Outcome of Board meeting held on June 04, 2026
Awaiting price reaction for this filing.
AVI Polymers' board approved three major corporate actions on June 4, 2026. First, the Authorised Share Capital will increase from Rs. 100 crore to Rs. 105 crore to accommodate the changes. Second, the company will issue bonus shares in a 1:10 ratio (one bonus share for every ten held), taking the paid-up equity capital from Rs. 94.09 crore (9.41 crore shares) to Rs. 103.49 crore (10.35 crore shares) of Rs. 10 face value, funded from free reserves of Rs. 21.52 crore as of March 31, 2026. Third, the board approved a 10:1 stock split, reducing face value from Rs. 10 to Re. 1 per share, subject to shareholder approval via postal ballot. The company also announced a strategic pivot into green tech businesses, including industrial waste management, material recycling, and carbon footprint consulting.
The bonus issue (1:10) and 10:1 stock split together mean shareholders will end up with 110 shares of Re. 1 face value for every 1 share of Rs. 10 they currently hold, likely improving liquidity and affordability for retail investors. The green tech diversification could open new growth avenues, though execution risk remains. Both the split and related approvals require shareholder nod through postal ballot.