Postal ballot results: bonus issue, stock split and capital increase approved

AVI Polymers shareholders approved all 4 resolutions via postal ballot. Approved: increase in authorised share capital, bonus share issuance, stock split from Rs 10 to Rs 1 face value, and change in object clause of MOA. All resolutions passed with between 99.79 percent and 99.96 percent in favour. About 30 percent of outstanding shares participated in voting.