Avro India Limited has completed the dispatch of the notice for its Extraordinary General Meeting (EGM) to shareholders on June 08, 2026. The meeting is scheduled for June 30, 2026, at 01:00 p.m. IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) to seek shareholder approval for the sale of a substantial part of its plant and machinery to its wholly-owned subsidiary, Avro Recycling Limited.

The transaction aims to facilitate the focused growth of the recycling business and optimize resource utilization within the group. The board of directors approved the sale on June 06, 2026. The assets, situated at Khasra No. 293M, Puthi, Village Dinanathpur, Dasna, Ghaziabad, Uttar Pradesh, include Grinders, Shredders, Extruders, Washing line, Dryers, and Agglomerators. The consideration will be determined based on a valuation report from a Registered Valuer as of June 30, 2026. As per the agreement dated June 06, 2026, the buyer agrees to pay the amount in cash within a period of eight months in various tranches, with the seller delivering possession of the assets in working condition along with all related documents.

Financial Details of the Assets

The company disclosed the following financial information regarding the assets based on audited financial statements as on March 31, 2026. The total value of the recycle plant and machineries, including Capital Work in Progress, amounts to Rs. 12,74,44,586.34.

EGM and Voting Details

The resolution requires a special resolution as the sale constitutes a substantial part of the company's total assets. Mr. Sushil Kumar Aggarwal, Chairman & Whole Time Director, and Mr. Sahil Aggarwal, Managing Director and Company Secretary, have been authorized to take necessary actions to implement the sale.

The company has published the information regarding the completion of dispatch of the EGM notice in all editions of Financial Express (English) and Jansatta (Hindi) on June 09, 2026. The notice was sent electronically to members whose email addresses are registered with the Company, Registrar and Share Transfer Agent (RTA), or Depository Participants (DPs) as on June 05, 2026. Members who have not registered their email addresses are advised to do so through the RTA, MAS Services Limited, or their respective Depository Participants.

Avro India Limited has entered a Memorandum of Understanding (MoU) with Society of Digital Entrepreneurs (SODES) to jointly explore and develop scalable rural plastic waste management systems. The partnership aims to address waste management challenges across 2,50,000 gram panchayats throughout India under the initiative named Project Suddh. This strategic move is intended to leverage commercial cooperation, technology deployment, and logistics coordination to create a sustainable waste management framework in rural regions.

Key Details of the Partnership

The MoU, signed on May 22, 2026, establishes a formal framework for cooperation between Avro India and SODES. The collaboration focuses on deploying technology and coordinating logistics to manage plastic waste effectively in rural areas. The initiative targets a vast geographical reach, specifically aiming to implement systems in 2,50,000 gram panchayats.

The disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made by Sushil Kumar Aggarwal, Chairman & Whole Time Director of Avro India Limited.