AVI Polymers Ltd has announced significant changes to its rights issue timeline following a board meeting conducted on February 18, 2026. The company has extended the rights issue period to provide shareholders with additional time to participate in the offering.

Rights Issue Schedule Revision

The board of directors, in their meeting held on February 18, 2026, approved changes to the previously announced rights issue schedule. The original opening date of February 20, 2026 has been moved to February 23, 2026, while the closing date has been extended from March 11, 2026 to March 16, 2026. This extension was implemented to provide shareholders with greater opportunity to exercise their rights in the offering.

Updated Timeline Details

The revised schedule encompasses all key dates for the rights issue process:

Shareholders entitled to participate in the rights issue must submit their duly filled Common Application Forms (CAF) along with the required payment by the revised closing date of March 16, 2026.

Board Meeting Details

The board meeting was conducted at the company's registered office and commenced at 5:00 PM, concluding at 5:30 PM on February 18, 2026. The decisions were made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Chintan Yashwantbhai Patel, with DIN 10774473, signed the official communication to BSE Limited.

Regulatory Compliance

The company has issued a corrigendum to its previous board meeting outcome dated February 05, 2026, ensuring full compliance with the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The revision addresses the changes in the rights issue schedule and provides updated information to all stakeholders.

Equity shareholders are advised to note the revised dates and ensure timely submission of their applications within the extended timeline. The company's shares trade on BSE under the symbol AVI with scrip code 539288.

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.