Revised Intimation under regulation 30 of the SEBI (LODR) regulations, 2015- Launch of ''"KrishiBuddy"'' Agritech Platform by Wholly-Owned Subsidiary, AVI Eco Spark Private Limited.
Awaiting price reaction for this filing.
AVI Polymers Ltd's wholly-owned subsidiary, AVI Eco Spark Private Limited, has officially launched 'KrishiBuddy', an AI-powered smart farming app now live at krishibuddy.tech. The platform is aimed at India's smallholder farmers and offers multilingual AI assistance, satellite-based crop health monitoring (NDVI), pest alerts, profit calculators, and export enablement tools. The company is positioning this as a strategic pivot from its core polymers business into India's roughly $9 billion agritech market, with plans to monetize via a B2B agri-input marketplace, SaaS subscriptions for Farmer Producer Organizations, and data-driven credit scoring for lenders. No revenue projections, user targets, or financial impact figures were disclosed in the filing. This is a revised intimation — the original submission was updated only to include the platform's website link.
This signals a strategic shift toward technology and agritech for AVI Polymers, but with no disclosed revenue or user numbers, the immediate financial impact on shareholders is unclear. Investors should view this as an early-stage diversification move that carries execution risk, as the company has no prior track record in agritech or software.