Avro India lists 10.6 lakh shares on NSE and BSE

Avro India Ltd has received approval from the National Stock Exchange of India Ltd (NSE) and BSE Ltd to list and trade 10,60,900 equity shares allotted to non-promoters on a preferential basis. The shares, which have a face value of ₹1 each, were admitted to dealings effective from July 3, 2026. This development follows the conversion of warrants and increases the company's listed equity capital.

The approvals were communicated via letters from NSE (reference no. NSE/LIST/55988) and BSE (reference no. LOD/PREF/VJ/54/2026-2027), both dated July 2, 2026. The securities bear distinctive numbers ranging from 133110501 to 134171400. The disclosure was made in compliance with Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Listing Details

The table below outlines the specifics of the securities listed on both exchanges:

Sr. No.	Security Description	Symbol	Series	No. of Securities	Distinctive Numbers
1	Equity shares of ₹1 each allotted on Preferential Basis	AVROIND	EQ	1060900	133110501 to 134171400

Lock-in Period

As per the details provided in the filing, the entire tranche of 10,60,900 shares is subject to a lock-in period. The restriction applies until January 5, 2027, ensuring that the shares allotted to non-promoters cannot be traded before this date.

The company secretary, Sumit Bansal, confirmed the intimation regarding the listing approval. The shares were issued at a premium of ₹11.72 per share pursuant to the conversion of warrants.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.61%	-5.00%	-1.66%	-14.60%	-43.10%	-23.96%

Avro India Limited shareholders have approved the sale of a substantial part of the company's plant and machinery to M/s Avro Recycling Limited. The special resolution was passed with 99.9997% of votes in favour during an Extraordinary General Meeting held on June 30, 2026. This strategic decision allows the company to divest specific manufacturing assets to the identified entity.

The meeting, conducted via Video Conference and Other Audio-Visual Means, saw participation from key members of the Board. Mr. Sushil Kumar Aggarwal, Chairman & Whole Time Director, presided over the proceedings, which commenced at 01:00 p.m. and concluded at 01:41 p.m. The quorum was confirmed present before the meeting was called to order.

Voting Results

The resolution required a special majority and was approved through a combination of remote e-voting and e-voting during the meeting. The scrutinizer, Mr. Lalit Chaturvedi of M/s Chaturvedi & Company, validated the process.

Category	Votes For	Votes Against	% of Votes For
Promoter and Promoter Group	50,654,390	0	100.00
Public Non-Institutions	59,079	169	99.71
Total	50,713,469	169	99.9997

A total of 48 members cast their votes, representing 50,713,638 shares. The remote e-voting facility was open from June 27, 2026, to June 29, 2026, providing shareholders ample opportunity to participate. The cut-off date for determining eligibility was June 23, 2026.

Meeting Attendance

The meeting was attended by 39 members through video conferencing. The Board of Directors present included Mr. Sahil Aggarwal, Managing Director; Mr. Nikhil Aggarwal, Whole Time Director; and three independent directors, Mr. Pawan Dixit, Mr. Mukul Jain, and Mrs. Nimisha Rohit Agarwal. Key managerial personnel, including Mr. Sumit Bansal, Company Secretary & Compliance Officer, and Mr. Ghanshyam Singh, Chief Financial Officer, were also in attendance.