Voting results along with Scrutinizer report.
Awaiting price reaction for this filing.
AVI Polymers Ltd held its Annual General Meeting on September 28, 2025 via video conferencing, where all 12 resolutions were passed with the requisite majority. Key approvals included the adoption of the FY25 Balance Sheet and P&L account (99.76% in favour), re-appointment of Mr. Pankaj Dilipbhai Thakkar as a director, and appointment of M/s S K Bhavsar & Co. as Statutory Auditors and SCS & Co. LLP as Secretarial Auditors for 5 years. Four directors had their appointments regularised, including the Managing Director Mr. Chintan Yashwantbhai Patel. Major corporate restructuring was approved: shifting the registered office from Ranchi (Jharkhand) to Gujarat, changing the main object of the company, and adopting entirely new sets of the Memorandum and Articles of Association. Shareholder participation was thin, with only about 25.9% of outstanding shares (roughly 10.6 lakh of 40.9 lakh) voting, and public non-institutional shareholders turned out in very small numbers.
All resolutions sailed through comfortably, giving the company a clean mandate to relocate its registered office to Gujarat, revamp its objects clause, and refresh its governing documents, signalling a strategic reorientation. Shareholders should note the very low public voting turnout, meaning the promoter group (holding about 25% of equity) was the decisive voice in approving sweeping changes to the company's structure and leadership.