Avi Polymers Limited Approves Rs 90 Crore Rights Issue to Boost Financial Position

AVI Polymers Limited, a company listed on the Bombay Stock Exchange (BSE), has announced a significant move to strengthen its financial position. The Board of Directors has 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.

Rights Issue Details

The company plans to issue equity shares to eligible shareholders, with the specifics of the rights issue to be determined by an authorized Allotment Committee. This committee will finalize the detailed terms and conditions of the equity share issuance, subject to necessary regulatory approvals.

Financial Position

To understand the context of this rights issue, let's look at Avi Polymers' recent financial position:

Financial Metric	Current Year	1 Year Ago	Change
Total Assets	5.90	5.70	3.51%
Total Equity	5.70	4.80	18.75%
Current Assets	5.70	3.40	67.65%
Current Liabilities	0.20	0.00	-
Reserve & Surplus	1.20	0.40	200.00%

All figures in Rs crore

The company's financial data shows a positive trend in its asset base and equity position over the past year. The significant increase in current assets and reserves suggests that Avi Polymers has been focusing on improving its liquidity and financial stability.

Implications of the Rights Issue

The proposed rights issue of Rs 90.00 crore is substantial compared to the company's current financial metrics. This move could significantly impact Avi Polymers' capital structure and financial capabilities:

Capital Base Expansion: The rights issue will substantially increase the company's equity capital, potentially more than doubling its current equity of Rs 5.70 crore.
Improved Liquidity: The influx of funds is likely to enhance the company's liquidity position, building upon the already improved current asset situation.
Growth Opportunities: With additional capital, Avi Polymers may be better positioned to pursue growth opportunities or invest in its operations.
Shareholder Participation: The rights issue allows existing shareholders to participate in the company's fundraising efforts, potentially maintaining their proportional ownership.

Conclusion

Avi Polymers Limited's decision to raise funds through a rights issue demonstrates a proactive approach to strengthening its financial position. As the company moves forward with this significant capital raising initiative, shareholders and market observers will be keen to see how these funds will be utilized to drive growth and enhance shareholder value.

Investors and stakeholders should stay tuned for further announcements regarding the specific terms and timeline of the rights issue, as well as the company's plans for utilizing the raised capital.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.97%	+27.53%	+148.23%	+132.14%	+174.50%	+579.18%

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):

Financial Metric	Value (in ₹ crore)	YoY Change
Total Assets	5.90	+3.51%
Current Assets	5.70	+67.65%
Total Equity	5.70	+18.75%
Current Liabilities	0.20	N/A*

*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.