AVI Products India Limited Promoter Group Member Completes 5.82% Stake Sale

AVI Products India Limited has disclosed the complete divestment of shareholding by promoter group member Vikram Avinash Vora through official SEBI regulatory filings. The transaction represents a significant change in the company's ownership structure, with Vora executing a complete exit from his promoter group position.

Transaction Overview

The share sale transaction involved the complete disposal of Vora's entire shareholding in AVI Products India Limited:

Parameter:	Details
Shares Sold:	1,92,563 equity shares
Face Value:	₹10 per share
Shareholding Percentage:	5.82%
Transaction Date:	April 10, 2026
Exchange:	BSE Limited
Transaction Mode:	Sale under Open Offer through Sale Purchase Agreement

Shareholding Changes

The transaction resulted in a complete change in Vora's ownership position:

Position:	Before Transaction	After Transaction
Equity Shares:	1,92,563 shares	0 shares
Percentage Holding:	5.82%	0%
Voting Rights:	5.82%	0%
Category Status:	Promoter Group	Former Promoter Group

Company Capital Structure

AVI Products India Limited's equity share capital remained unchanged following the transaction:

Parameter:	Details
Total Equity Capital:	₹3,30,68,020
Total Equity Shares:	33,06,802 shares
Face Value per Share:	₹10
Diluted Share Capital:	₹3,30,68,020

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Vikram Avinash Vora submitted the required documentation to BSE Limited on April 14, 2026, detailing the transaction executed on April 10, 2026. The seller is based in Mumbai and completed all necessary regulatory formalities for the share disposal.

This complete divestment marks the end of Vikram Avinash Vora's association as a promoter group member of AVI Products India Limited, representing a notable change in the company's ownership structure through a structured open offer mechanism.

PPMS Real Estates LLP has successfully completed a significant acquisition in AVI Products India Limited, purchasing 11,48,121 equity shares representing 34.72% of the company's voting share capital. The transaction was consummated on April 10, 2026, through off-market purchase agreements that were originally executed on February 14, 2026.

Acquisition Details

The acquisition was structured through two separate agreements executed on the same date. PPMS Real Estates acquired 7,83,091 equity shares from promoter sellers, representing 23.68% of the voting capital, and an additional 3,65,030 equity shares from non-promoter sellers, representing 11.04% of the voting capital.

Transaction Component:	Details
Shares from Promoter Sellers:	7,83,091 (23.68%)
Shares from Non-Promoter Sellers:	3,65,030 (11.04%)
Total Shares Acquired:	11,48,121 (34.72%)
Transaction Date:	April 10, 2026
Mode of Acquisition:	Off Market

Shareholding Changes

Prior to this acquisition, PPMS Real Estates LLP held 8,19,868 shares representing 24.79% of AVI Products' voting capital. Following the completion of this transaction, the company's total shareholding has increased substantially.

Shareholding Position:	Before Acquisition	After Acquisition
Number of Shares:	8,19,868	19,67,989
Voting Capital (%):	24.79%	59.51%
Diluted Share Capital (%):	24.79%	59.51%

Open Offer Requirements

In compliance with SEBI (SAST) Regulations, 2011, PPMS Real Estates LLP has triggered an open offer for the acquisition of up to 8,59,769 equity shares, representing 26.00% of AVI Products' voting share capital. The open offer is priced at ₹33.00 per equity share, with a total consideration of ₹283.72 lakhs payable in cash.

The acquirer has deposited the entire consideration amount equivalent to the full acceptance of the open offer in accordance with regulation 22(2) of SEBI (SAST) Regulations, 2011. Mark Corporate Advisors Private Limited is serving as the Manager to the Offer.