AVI Polymers Limited has announced a further extension of its ₹90.00 crore rights issue closing date, moving it from March 16, 2026 to March 17, 2026. The board of directors approved this change during their meeting held on February 19, 2026, to provide shareholders with additional opportunity to exercise their rights in the offering.

Rights Issue Structure and Pricing

The rights issue comprises up to 9,00,000 fully paid-up equity shares with a face value of ₹10 each, priced at ₹10.00 per share. The company is offering these shares to eligible equity shareholders in the ratio of 22 rights equity shares for every 1 fully paid-up equity share held on the record date.

Latest Revised Timeline and Key Dates

Following the board meeting held on February 19, 2026, the company has updated the rights issue schedule with the extended closing date. The last date for submission of the duly filled Common Application Form (CAF) along with the amount payable on application remains March 16, 2026.

Application Process and Regulatory Framework

The rights issue will be conducted under the ASBA (Applications Supported by Blocked Amount) process, with applications accepted through Self Certified Syndicate Banks (SCSBs). Eligible shareholders can apply for their full entitlement, partial entitlement, or additional shares beyond their rights entitlements. The company has also provided for plain paper applications under specific circumstances as per SEBI regulations.

Allotment will be made only in dematerialized form, and shareholders holding physical shares must provide demat account details at least two working days prior to the issue closing date. The company's shares are listed on BSE Limited under scrip code 539288.

Corporate Leadership and Compliance

Managing Director Chintan Yashwantbhai Patel (DIN: 10774473) has signed the regulatory communications, ensuring compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The board meeting was conducted at the company's registered office and concluded at 07:30 P.M.

MCS Share Transfer Agent Limited serves as the registrar to the issue, while IndusInd Bank Limited acts as the escrow collection bank, allotment account bank, and refund banker. The company's registered office is located in Ranchi, Jharkhand, with corporate office operations in Anand, Gujarat.

AVI Polymers Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, demonstrating exceptional growth across key financial metrics. The Board of Directors approved these results at their meeting held on January 30, 2026, which commenced at 5:45 PM and concluded at 6:15 PM, showcasing the company's strong operational performance in the agriculture products trading segment.

Board Meeting and Regulatory Compliance

The company informed BSE Limited through a formal communication regarding the outcome of the Board of Directors meeting held on January 30, 2026. Under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board approved the unaudited standalone financial results for the period ended December 31, 2025. The results were accompanied by a Limited Review Report from statutory auditors pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015.

Financial Performance Overview

The company's financial performance for Q3FY26 reflects substantial improvement compared to the previous year. The quarterly results demonstrate significant revenue generation and profitability enhancement, marking a notable transformation in the company's business operations.

Revenue and Operational Metrics

The company achieved remarkable revenue growth during the quarter, with revenue from operations reaching ₹13,232.06 lacs in Q3FY26 compared to no operational revenue in the corresponding quarter of the previous year. Other income contributed ₹9.25 lacs, bringing total revenue to ₹13,241.31 lacs against ₹9.79 lacs in Q3FY25.

Expense Management and Profitability

Total expenses for the quarter stood at ₹12,154.28 lacs, primarily driven by purchases of stock-in-trade amounting to ₹13,401.85 lacs. However, the company benefited from changes in inventories of stock-in-trade, which resulted in a positive impact of ₹1,345.49 lacs. Employee benefits expenses remained controlled at ₹7.00 lacs, while other expenses totaled ₹81.06 lacs, with legal and professional fees accounting for ₹9.66 lacs.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, AVI Polymers demonstrated consistent growth momentum:

Tax Provisions and Corporate Structure

The company maintained appropriate tax provisions with current tax expenses of ₹362.55 lacs and earlier period tax effect of ₹22.50 lacs, totaling ₹385.05 lacs in tax expenses for the quarter. The basic and diluted earnings per share improved significantly to ₹17.16 from ₹0.05 in the corresponding quarter of the previous year. The company's paid-up equity share capital remains stable at ₹409.07 lacs with a face value of ₹10.00 per share.

Business Operations and Auditor Review

AVI Polymers operates primarily in the trading of agriculture products segment, which falls within a single primary business vertical. The financial results have been reviewed by the Audit Committee and approved by the Board of Directors, with statutory auditors Kapil Kumar Aggarwal & Associates conducting a limited review as per SEBI regulations. The auditor's report confirmed that the results comply with Indian Accounting Standards and disclosure requirements under the Listing Regulations.