avi polymers has requested the withdrawal of its earlier announcement submitted to the Bombay Stock Exchange (BSE) regarding the suspension of trading in its securities. The company addressed the Listing Compliance Department on June 15, 2026, to withdraw all prior communications on this matter. This request follows the company's previous application to revoke the temporary suspension of trading in its equity shares.

The matter is currently under discussion with the exchange. AVI Polymers stated that it is complying and submitting all the required documents as demanded by the BSE. The company is coordinating with the exchange to address all requirements and observations to facilitate a resolution.

AVI Polymers Ltd confirmed that its operations continue to function normally without interruption. The company assured stakeholders that the procedural nature of the suspension does not adversely impact business operations, financial performance, assets, management, or ongoing commitments. It remains committed to maintaining the highest standards of regulatory compliance and corporate governance.

The company will inform shareholders of material developments in accordance with Securities and Exchange Board of India (SEBI) Regulations and Listing Regulations. The revised communication supersedes the previous announcement made on June 09, 2026.

AVI Polymers Limited has submitted copies of newspaper advertisements published on June 10, 2026, regarding its postal ballot notice. The advertisements were published in Choice Times (English) and Hindi Dainik Ek Sandesh (Hindi) to inform shareholders about the upcoming remote e-voting process scheduled from June 09, 2026, to July 08, 2026. The company is seeking shareholder approval for a bonus issue, share sub-division, and an increase in authorized share capital to diversify into green technology sectors.

Postal Ballot Details

The remote e-voting facility is available at www.evoting.nsdl.com starting June 09, 2026, at 09:00 A.M. and ending on July 08, 2026, at 05:00 P.M. Shareholders holding shares as on the cut-off date of Friday, June 05, 2026, are eligible to vote. The company has engaged National Security Depository Limited (NSDL) to facilitate the e-voting process. Mr. Abhishek Prakashchand Chhajed, partner of SCS AND Co. LLP, has been appointed as the scrutinizer to ensure the process is conducted fairly and transparently.

Bonus Issue and Capital Changes

The board has proposed the issuance of one bonus equity share for every ten existing fully paid-up equity shares held. The bonus issue will be funded by capitalizing Rs. 9,40,86,100 from free reserves and the securities premium account as per the audited financial statements for the year ended March 31, 2026. Additionally, the company seeks approval to increase its authorized share capital from Rs. 1,00,00,00,000 divided into 10,00,00,000 equity shares of Rs. 10 each to Rs. 1,05,00,00,000 divided into 10,50,00,000 equity shares of Rs. 10 each.

Share Sub-Division

To improve affordability and liquidity, the board approved the sub-division of the face value of equity shares from Rs. 10 to Re. 1. This split will apply to all authorized, issued, subscribed, and paid-up equity shares existing on the record date, which will be fixed post-shareholder approval. The record date for the sub-division will be determined after the necessary approvals are obtained.

Strategic Diversification

The company has proposed a strategic pivot into high-growth sustainable industries. This includes industrial waste management systems, advanced material recycling technology, and carbon footprint optimization and sustainability consulting services. To facilitate this diversification, the company seeks to alter the Object Clause of the Memorandum of Association by inserting new sub-clauses related to environmental management and circular economy solutions. The resolutions require shareholder consent via ordinary and special resolutions.