Outcome of Meeting of the Board of Directors held on Tuesday, October 07, 2025
Awaiting price reaction for this filing.
AVI Polymers Ltd's Board of Directors, at its meeting on October 7, 2025 (2:00 PM to 2:30 PM), decided not to go ahead with the earlier approved plan to shift the company's registered office from Ranchi (Jharkhand) to Gujarat. The Special Resolution passed by shareholders at the AGM on September 28, 2025, approving the shift now stands cancelled and withdrawn. The Board said it reassessed the business environment, operational convenience, and long-term strategic considerations before taking this call. No applications or petitions will be filed with any statutory or regulatory authorities regarding the shift. The registered office will continue to remain at Ambica Compound, Old H.B. Road, Ranchi, Jharkhand - 834009.
This is a reversal of a shareholder-approved decision and has no immediate financial impact on investors. It signals that the Board is re-evaluating a recent strategic move, keeping operations anchored in Jharkhand, which may slightly affect the company's jurisdiction for regulatory purposes but not its core business.