Submission of letter of offer for right issue.
Awaiting price reaction for this filing.
AVI Polymers Ltd has approved the Letter of Offer for a rights issue of up to 9,00,00,000 (9 crore) equity shares at ₹10 each, aggregating up to ₹90 crores. The issue is priced at face value (no premium, no discount) in a ratio of 22 rights shares for every 1 existing share held. The record date was February 11, 2026, with the issue opening on February 20, 2026 and closing on March 11, 2026. The company is listed only on BSE, and promoter Rootsparkle Trading Private Limited holds the controlling stake.
This is a very large rights issue that will dilute existing shareholders by 23x (from 1 share to 23 shares). Shareholders must deploy significant additional capital to maintain their proportional ownership, or face steep dilution if they choose not to participate. The ex-rights adjustment will likely pressure the stock price around the record date.