No encumbrance on AVATAR Industries shares in FY26

1 min read Updated on 01 Jul 2026, 09:55 AM

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Suketu GScanX News Team

AI Summary

AVATAR Industries Limited confirmed via a filing to the NSE on April 07, 2026, that no encumbrance was made on its shareholding during FY 2025-26. The disclosure, submitted by SKYBRIDGE INCAP ADVISORY LLP under Regulation 31(4) of the SEBI Takeover Regulations, covers the promoters and persons acting in concert.

*this image is generated using AI for illustrative purposes only.

AVATAR Industries Limited has confirmed that no encumbrance was created on its shareholding during the financial year 2025-26. The disclosure was submitted to the National Stock Exchange of India Limited (NSE) on April 07, 2026, by SKYBRIDGE INCAP ADVISORY LLP on behalf of the promoters and persons acting in concert.

The filing was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It states that neither the designated partner nor persons acting in concert created any direct or indirect encumbrance on the shares of avatar industries other than those previously disclosed.

The confirmation was provided by Devang Master, Designated Partner of SKYBRIDGE INCAP ADVISORY LLP. The letter was addressed to the NSE's SME Platform at Bandra-Kurla Complex, Mumbai.

Key Disclosure Details

Aspect	Details
Regulation	SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Reg 31(4)
Financial Year	2025-26
Encumbrance Status	No new encumbrance created
Filing Date	April 07, 2026
Filing Entity	SKYBRIDGE INCAP ADVISORY LLP

The disclosure serves as a formal confirmation to the exchange regarding the status of the shareholding during the specified period.

Historical Stock Returns for AVATAR Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	+14.64%	+56.21%	+254.53%	+1,135.13%

Does the absence of new encumbrances suggest a shift in strategy toward raising capital through equity rather than debt?

How might this clean encumbrance status impact the company's ability to secure future funding or strategic partnerships?

Could this disclosure indicate stability in the promoter group's holdings, reducing the risk of hostile takeover attempts?

Read Next Article

Avatar Industries appoints Richa Rathod as Managing Director, seeks Main Board migration

1 min read Updated on 18 Jun 2026, 09:14 AM

Reviewed by

Shriram SScanX News Team

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Avatar Industries Limited has regularized the appointment of Richa Rathod as Managing Director, subject to member approval. The Board has also appointed M/s. Nagadheep Sathyanarayana and Co. as Statutory Auditors and initiated the migration of equity shares from the NSE SME Platform to the Main Board. These decisions follow the company's reported consolidated revenue of ₹10,287.38 Lakhs and net profit of ₹137.32 Lakhs for FY26.

*this image is generated using AI for illustrative purposes only.

avatar industries has announced the regularization of Richa Rathod as Managing Director, subject to approval by members, following a Board meeting on June 17, 2026. The company also initiated the process to migrate its equity shares from the NSE SME Platform (NSE-EMERGE) to the Main Board of the National Stock Exchange, pending regulatory and shareholder clearances. These governance updates come after the firm reported a consolidated revenue of ₹10,287.38 Lakhs and a net profit of ₹137.32 Lakhs for FY26.

The Board approved the appointment of M/s. Nagadheep Sathyanarayana and Co., Chartered Accountants, as the new Statutory Auditors, also subject to member approval. To facilitate these strategic decisions, the Board has approved a Postal Ballot Notice. M/s. Hemang Satra & Associates, Company Secretaries, has been appointed as the Scrutinizer to oversee the voting process.

Shareholder Voting Schedule

The E-voting period for the Postal Ballot will commence on June 22, 2026, at 09:00 A.M. and conclude on July 21, 2026, at 05:00 P.M. The cut-off date for determining shareholder eligibility is June 12, 2026.

Key Governance Approvals

Resolution	Details	Status
Managing Director	Mrs. Richa Rathod (DIN: 10822615)	Subject to member approval
Statutory Auditors	M/s. Nagadheep Sathyanarayana and Co. (PRN: 018163 / FRN: 008003S)	Subject to member approval
Exchange Migration	NSE SME Platform to Main Board	Subject to regulatory and member approval

Avatar Industries Limited, formerly known as ASL Industries Limited, focuses on artificial intelligence, software solutions, and digital infrastructure. The company stated that these structural changes are designed to ensure enhanced compliance and operational maturity suitable for the Main Board.

Historical Stock Returns for AVATAR Industries