AVI Polymers Limited announced the appointment of Ms. Pushpa Joshi (DIN – 06838093) as Non-Executive Independent Director (Additional) of the company, following a Board of Directors meeting held on May 18, 2026. The board unanimously approved the appointment based on the recommendation of the Nomination and Remuneration Committee. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The key details of the appointment, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are summarised below:

Profile of Ms. Pushpa Joshi

Ms. Pushpa Joshi brings diverse experience spanning accounting, administration, and office operations. She served as a Senior Accountant with CHETNA from May 01, 2012 to April 01, 2016, and also holds around five years of experience in accounting along with one year of experience as an Office Assistant and Computer Operator in a reputed organisation in Uttarakhand from 2006 to December 31, 2011.

Her professional qualifications and technical proficiencies include:

• Diploma in Tally
• Short-term diploma in Accountancy
• Proficiency in MS Office, Tally ERP 9, PageMaker, Corel Draw, Photoshop, DTP operations, and internet applications

Board Meeting Proceedings

The Board of Directors meeting commenced at 11:30 A.M. and concluded at 12:00 P.M. on May 18, 2026. The company confirmed that the composition of the Board of Directors remains in compliance with the requirements prescribed under the Companies Act, 2013 and the applicable Listing Regulations. The appointment was signed off by Chintan Yashwantbhai Patel, Managing Director (DIN: 10774473), on behalf of AVI Polymers Limited.

AVI Polymers Limited, in its Board of Directors meeting held on Thursday, May 7, 2026, unanimously approved two significant strategic initiatives — a transformational acquisition via a share swap mechanism and an expansion of its core business objects through amendments to its Memorandum of Association (MOA). The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and were signed by Chintan Yashwantbhai Patel, Managing Director (DIN: 10774473).

Strategic Acquisition of 90% Stake in JVTR Consultants

The board approved the issuance of equity shares through a share swap on the basis of a Preferential Issue, specifically designed to execute the acquisition of a 90% stake in JVTR Consultants Private Limited. The transaction is being evaluated at an indicative valuation of ₹500 Crore. Key details of the approved acquisition are outlined below:

The proposed fund raise and subsequent share swap remain subject to the finalization of definitive terms and conditions, comprehensive due diligence, and the execution of definitive agreements. The transaction also requires the affirmative vote of shareholders and approvals from requisite regulatory authorities, as applicable.

MOA Amendment to Expand into Technology Sector

To align with the company's structural pivot into the technology sector and seamlessly integrate the acquisition, the board also approved the addition of new objects in the Memorandum of Association, subject to shareholder approval. The newly added business domains include:

• Information technology services
• Software development
• System integration
• Digital platforms
• Allied technology services and related activities

This expansion of the MOA signals AVI Polymers' intent to broaden its operational scope beyond its existing polymer-related business activities into the technology sector.

Board Meeting Details

The meeting of the Board of Directors commenced at 11:00 AM and concluded at 11:30 AM on May 7, 2026. In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of AVI Polymers Limited remained closed from May 04, 2026 until the expiry of 48 hours from the conclusion of the Board meeting.