AVI Polymers Limited has achieved a significant milestone in its fundraising journey, receiving in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares. The BSE approval, issued on January 06, 2026, brings the company closer to completing its Rs 90.00 crore capital raising initiative.

BSE Approval Details

The company received the in-principle approval through BSE's reference letter LOD/Rights/PB/FIP/1490/2025-26 dated January 06, 2026. This approval allows AVI Polymers to use BSE's name in its Letter of Offer for the proposed rights issue, subject to including mandatory disclaimer clauses.

Rights Issue Framework

The Board of Directors had previously approved raising funds up to Rs 90.00 crore through a rights issue of equity shares, each with a face value of Rs 10.00. The company plans to issue equity shares to eligible shareholders, with an authorized Allotment Committee finalizing the detailed terms and conditions.

Compliance Requirements

BSE has outlined several key compliance requirements for AVI Polymers to fulfill:

• Record Date Notice: The company must provide at least three working days advance notice to BSE before fixing the record date
• Price Disclosure: Rights issue price must be disclosed at least 3 working days prior to the record date
• Documentation: Ten printed copies of Letter of Offer and Composite Application Form must be sent to BSE
• Dematerialization: Agreements with all depositories must be in place for dematerialized securities

Financial Position Context

The rights issue approval comes at a time when AVI Polymers has shown positive financial trends:

Strategic Implications

The BSE approval represents a crucial step toward AVI Polymers' capital expansion strategy. The proposed Rs 90.00 crore rights issue is substantial compared to the company's current equity base of Rs 5.70 crore, potentially transforming its financial capabilities and growth prospects.

With the in-principle approval secured, AVI Polymers can now proceed with finalizing the offer documents and completing remaining statutory formalities. The company must ensure compliance with all legal requirements before dispatching the Letter of Offer to shareholders, marking the next phase of this significant fundraising initiative.

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.