Avro India Limited has scheduled its 30th Annual General Meeting for September 30, 2026 at 1:00 pm via video conference, with September 23, 2026 as the record date for shareholder eligibility.

The AGM agenda includes adoption of audited financial statements for FY26, re-appointment of Mrs. Anita Aggarwal as a director retiring by rotation, and two special resolutions to redesignate Mr. Sahil Aggarwal from Managing Director to Whole Time Director and Mr. Nikhil Aggarwal from Whole Time Director to Managing Director, both effective September 30, 2026. Remote e-voting opens September 27, 2026 at 9:00 am and closes September 29, 2026 at 5:00 pm. The register of members will remain closed from September 24 to September 30, 2026 (both days inclusive).

AGM and voting schedule

The meeting will be conducted through Video Conferencing/Other Audio-Visual Means pursuant to MCA and SEBI circulars, with e-voting facilitated by NSDL. Mr. Lalit Chaturvedi of M/s Chaturvedi & Company has been appointed as Scrutinizer.

Leadership redesignation

The board's explanatory statement notes that the redesignation of Mr. Sahil Aggarwal to Whole Time Director is intended to enable focused supervision of the company's recycling subsidiary, Avro Recycling Limited. Mr. Nikhil Aggarwal's elevation to Managing Director is aimed at strengthening executive oversight of day-to-day operations, sales and marketing. There is no change in tenure, remuneration or other material terms for either director.

FY26 financial performance

The company reported strong financial results for the year ended March 31, 2026. Standalone revenue from operations rose to Rs. 90.99 crore from Rs. 78.32 crore in FY25, a growth of 16.18%. Standalone net profit after tax grew 38.49% to Rs. 4.21 crore from Rs. 3.04 crore. On a consolidated basis, total income stood at Rs. 103.68 crore and net profit at Rs. 4.60 crore for FY26.

Offline sales contributed Rs. 86.16 crore (approximately 94.69% of revenue) and online sales Rs. 4.83 crore (approximately 5.31%) in FY26. The board has not recommended any dividend for FY26, choosing to retain profits for future growth.

Subsidiary and strategic developments

During FY26, Avro India incorporated Avro Recycling Limited as a wholly owned subsidiary on May 14, 2025, focused exclusively on recycling of plastic scrap. The company invested Rs. 39,76,21,872 in the subsidiary via subscription of 82,83,789 equity shares. The subsidiary recorded a turnover of Rs. 637.52 lakhs and profit after tax of Rs. 58.76 lakhs for the period ended March 31, 2026. The company also launched Operation Shuddhi on March 10, 2026, a nationwide plastic waste recycling initiative, and introduced upcycling technology that converts mixed-colour polymers into high-quality feedstock.

The board also approved a split of equity shares from Rs. 10 per share to Rs. 1 per share, which was approved by shareholders in an EGM on April 18, 2026, with the new ISIN INE652Z01025 effective from May 5, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE652Z01025/189045a3-9dc4-4784-a4b3-52863dd68e12.pdf

Avro India Limited has confirmed that its promoters and promoter group members did not encumber any shares during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Ltd and BSE Limited, provides transparency regarding the shareholding status of key stakeholders for FY26. This filing is mandatory under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The company stated that 20 members, including individuals and entities within the promoter and promoter group, have not created any charge or lien on their holdings. The declaration was made on behalf of the promoters by Sushil Kumar Aggarwal. The list includes three individual promoters—Sushil Kumar Aggarwal, Sahil Aggarwal, and Anita Aggarwal—along with 17 members classified as promoter group.

Promoter and Promoter Group Details

The disclosure identifies the specific entities and individuals covered under the regulation. The list encompasses family members, Hindu Undivided Families (HUFs), and private limited companies associated with the promoters.

The filing was digitally signed by Sumit Bansal, Company Secretary & Compliance Officer of Avro India Limited, on April 6, 2026. The document was addressed to the Listing Department of the NSE and the Corporate Service Department of the BSE to ensure compliance with regulatory requirements.