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.

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.

Avro India Ltd has secured in-principle approval from the National Stock Exchange of India Limited and approval from BSE Limited to list 10,60,900 equity shares of ₹10 each. The shares were issued to non-promoters on a preferential basis. This listing approval enables the company to float these shares on the stock exchanges, expanding its equity base.

The National Stock Exchange of India Limited granted the approval via letter no. NSE/LIST/54992 dated June 15, 2026. BSE Limited issued its approval through letter no. LOD/PREF/RB/FIP/399/2026-27 dated June 17, 2026. The approvals are valid for seven working days from the date of grant.

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. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Key Details of the Approval