The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Avinash Vora
Awaiting price reaction for this filing.
Promoter Mr. Avinash Dhirajlal Vora has fully exited his stake in Avi Products India Ltd by selling 2,38,615 equity shares (7.22% of total share capital) via an Open Offer under a Share Purchase Agreement. The transaction was executed on April 10, 2026. Prior to the sale, Mr. Vora held 2,38,615 shares (7.22%). Post-transaction, his holding has reduced to zero — a complete promoter exit. The total share capital of the company remains unchanged at Rs. 3,30,68,020/- divided into 33,06,802 equity shares of Rs. 10/- each. The disclosure was filed on April 14, 2026 under SEBI (SAST) Regulations, 2011.
A full promoter exit of 7.22% via open market offer may signal loss of insider confidence or a change in control dynamics, which could negatively impact investor sentiment, especially for a small-cap company.