AVI Polymers Limited has successfully concluded its Extraordinary General Meeting (EGM) held on December 11, 2025, with shareholders unanimously approving key resolutions including a massive 15-fold increase in authorized share capital. The company, listed on the Bombay Stock Exchange (BSE: 539288), conducted the meeting through video conferencing with strong shareholder participation.

EGM Voting Results

The voting results demonstrate overwhelming shareholder support for the proposed changes:

Resolution 1: Share Capital Increase Approved

Shareholders unanimously approved the increase in authorized share capital with 100.00% votes in favor:

The approved restructuring increases the company's authorized share capital from ₹6.5 crore to ₹100 crore, expanding the number of equity shares from 65 lakh to 10 crore while maintaining the face value of ₹10 per share.

Resolution 2: New Statutory Auditors Appointed

Shareholders also unanimously approved the appointment of M/s Kapil Kumar Agrawal Associates as the company's statutory auditors, receiving 100.00% votes in favor across all categories.

E-Voting Process and Scrutiny

The voting process was conducted transparently with National Securities Depository Limited (NSDL) providing the e-voting platform. M/s SCS & Co. LLP, Company Secretaries, served as scrutinizers under the supervision of Abhishek Chhajed (FCS 11334). The remote e-voting period remained open from December 8, 2025, at 9:00 AM to December 10, 2025, at 5:00 PM.

Strategic Implications

The substantial increase in authorized share capital positions AVI Polymers for potential future growth initiatives, capital raising activities, or strategic expansions. The unanimous shareholder approval reflects strong confidence in the company's management and strategic direction. The appointment of new statutory auditors ensures continued compliance with regulatory requirements and corporate governance standards.

The company has fulfilled all regulatory obligations under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with Managing Director Chintan Yashwantbhai Patel (DIN: 10774473) overseeing the process completion.

AVI Polymers Limited (ISIN: INE897N01014) has announced a significant change in its key managerial personnel. The Board of Directors has approved the appointment of CS Deepa (Membership Number: A45409) as the new Company Secretary and Compliance Officer, effective November 24, 2025.

Key Highlights

• Appointment: CS Deepa joins AVI Polymers Limited as Company Secretary and Compliance Officer
• Effective Date: November 24, 2025
• Regulatory Compliance: Fulfills requirements under Section 203 of Companies Act, 2013 and SEBI listing regulations

Professional Background

CS Deepa brings valuable experience to her new role at AVI Polymers Limited. Her previous positions include:

• Company Secretary at Pressure Sensitive Systems (India) Limited
• Compliance Officer at Bibby Financial Services Private Limited
• Secretarial Head at Atul Goel and Associates, Chartered Accountants
• Company Secretary at Krishna Infosolutions Private Limited

This appointment is expected to strengthen AVI Polymers Limited's compliance and corporate governance framework.

Company Financial Overview

While the appointment news doesn't directly relate to the company's financials, it's worth noting some key figures from AVI Polymers Limited's recent balance sheet (as of March 2025):

*Note: Previous year's current liabilities were reported as 0, making the percentage change calculation not applicable.

The company has shown growth in its asset base and equity over the past year, which could indicate a strengthening financial position. However, investors should conduct thorough research and consider multiple factors before making investment decisions.

This strategic appointment of CS Deepa as Company Secretary and Compliance Officer aligns with AVI Polymers Limited's commitment to maintaining robust corporate governance practices and ensuring compliance with regulatory requirements.