Proceeding of the AGM held on 28th September, 2025.
Awaiting price reaction for this filing.
AVI Polymers held its 32nd AGM on September 28, 2025 via video conferencing, starting at 12:00 noon and concluding at 12:12 PM. Shareholders approved ordinary business items including the adoption of FY2024-25 audited financial statements, the re-appointment of Mr. Pankaj Dilipbhai Thakkar (who retires by rotation), and the appointment of M/s S K Bhavsar & Co. as the new Statutory Auditors. Several director appointments were regularised, including Chintan Yashwantbhai Patel as Managing Director, Ms. Varsha Prajapat and Mr. Sadhu Jignesh Harendrabhai as Non-Executive Independent Directors, and Mr. Pankaj Thakkar as Non-Executive Director. A significant special resolution was passed to shift the company's registered office from Ranchi (Jharkhand) to Gujarat, along with changes to the main objects clause and adoption of new Memorandum and Articles of Association. Voting results under Regulation 44(3) were stated to be disclosed separately.
The relocation of the registered office from Jharkhand to Gujarat, combined with a change in the main objects clause and adoption of new constitutional documents, signals a possible strategic repositioning of the company. Shareholders should monitor upcoming announcements for clarity on the new business direction and any potential shift in operational focus.