Avonmore Capital & Management Services Limited has announced a significant development in its waste management and sustainable energy portfolio. The company's step-down joint venture, Premier Green Innovations Private Limited (PGIPL), has formed a strategic alliance with Entity 1 Value Emission Pvt Ltd to develop and deploy innovative waste-to-value platforms.

Strategic Alliance Details

The collaboration aims to leverage advanced Microbial Electrochemical Cell (MECC) technology to convert agricultural and industrial waste into valuable products such as hydrogen, methanol, and ethyl acetate. These products are intended for use in the chemical and mobility industries.

Investment and Technology

The partnership involves a substantial investment of Rs 500.00 crore over three years to build an alternative refinery. Entity 1's first MECC reactor has already been installed at PGIPL's Kangra site for trial production, marking a significant step in the alliance's progress.

Product Portfolio and Pricing

The alliance plans to produce a range of bio-based products using modular reactors sized for 0.5-100 tonnes per day capacity:

• Bio-hydrogen
• Bio-methane
• Acetic acid
• Ethyl acetate

Notably, the methanol produced through this process is expected to be priced competitively at Rs 22.00 per litre, potentially disrupting the current market.

Environmental and Economic Impact

This strategic move aligns with India's energy transition goals and waste management policies. The project is expected to:

• Reduce greenhouse gas emissions
• Improve municipal and industrial waste management
• Create jobs across planning, construction, operations, and engineering
• Enhance energy access and rural development through waste-to-energy infrastructure

Avonmore Capital's Stake

Avonmore Capital & Management Services holds a significant interest in this venture, with an 8.88% direct stake and a 40.99% indirect stake through Almondz Global Securities Limited in Premier Green Innovations Private Limited.

Management Comments

Dr. Kaushik Palicha, Founder of Entity 1, stated, "Today's announcement marks a pivotal step in redefining Bio-waste as a strategic resource. By integrating advanced MECC reactors with Premier Green Innovations' execution capabilities, we have opened avenues which include hydrogen & methanol to name a few that can power various industrial sectors in manufacturing and transport sustainably through green initiatives while delivering economic value."

Vikas Gupta, CEO of PGIPL, added, "Premier Green Innovations is committed to accelerating the adoption of innovative green technologies. Our partnership with Entity 1 Value Emission Pvt Ltd., will push the boundaries of what is possible in waste valorisation, creating a versatile platform that supports India's energy transition and climate goals."

This strategic alliance represents a significant step towards sustainable waste management and clean energy production in India, potentially revolutionizing the way industrial and agricultural waste is processed and utilized.

Avonmore Capital & Management Services Limited (ACMS) recently conducted an Extra Ordinary General Meeting (EGM) to seek shareholder approval for a significant corporate action. The meeting, held on September 9, 2025, via video conferencing, focused on the issuance of convertible warrants to the company's promoter and promoter group members.

Key Details of the EGM

• Date and Time: The EGM took place on September 9, 2025, from 11:01 a.m. to 11:12 a.m. IST.
• Venue: The meeting was conducted through video conferencing/other Audio-Visual Means (VC/OAVM), with the registered office of the company serving as the deemed venue.
• Chairman: Mr. Govind Prasad Agrawal chaired the meeting.
• Scrutinizer: Mr. Nakul Pratap Singh of NPS and Associates was appointed as the scrutinizer for the voting process.

Proposed Warrant Issuance

The primary agenda of the EGM was to seek approval for the following:

• Issuance of up to 3,77,00,000 fully convertible warrants
• Face value of Rs. 1/- each
• Issue price of Rs. 19.85 per warrant
• Warrants to be issued on a preferential allotment basis to promoter and promoter group members
• Each warrant is convertible into one equity share of face value Rs. 1/- each

Voting Process

ACMS provided shareholders with multiple options to cast their votes:

1. Remote e-voting was available from September 6-8, 2025.
2. Additional e-voting facility was provided during the EGM.
3. The e-voting facility remained open for 15 minutes after the conclusion of the EGM.

Compliance and Regulatory Adherence

The EGM was conducted in compliance with:

• General Circular No. 09/2024 issued by the Ministry of Corporate Affairs
• Circular number SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 issued by the Securities and Exchange Board of India
• Applicable provisions of the Companies Act, 2013
• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Next Steps

The company stated that the voting results and the scrutinizer's report will be submitted separately, as per regulatory requirements. These documents will provide insight into the shareholders' decision regarding the proposed warrant issuance.

This corporate action, if approved, could potentially lead to a significant change in the company's capital structure and ownership pattern. Shareholders and market observers will be keenly awaiting the voting results to understand the outcome of this proposed preferential allotment.