Almondz Global Securities has announced a comprehensive restructuring plan involving multiple group companies, aimed at streamlining operations and complying with regulatory requirements. The Board of Directors approved a composite scheme of arrangement on September 11, 2025, which includes a demerger of the broking business and subsequent amalgamations of six companies.

Key Components of the Scheme

1. Demerger of Broking Business

• Almondz Global Securities Limited's broking business will be demerged into Almondz Broking Services Limited.
• The resulting company will retain the name "Almondz Global Securities Limited" and seek stock exchange listing.
• Shareholders will receive 1 equity share of the resulting company for every 1 share held in Almondz Global Securities Limited.

2. Amalgamation of Non-Broking Businesses

• The remaining non-broking business of Almondz Global Securities, along with five other group companies, will be amalgamated into Avonmore Capital & Management Services Limited.
• The companies involved in this amalgamation are:
  • Almondz Global Securities Limited (remaining business)
  • Almondz Insolvency Resolutions Services Private Limited
  • Almondz Finanz Limited
  • Apricot Infosoft Private Limited
  • Avonmore Developer Private Limited
  • Anemone Holding Private Limited

3. Share Exchange Ratio for Amalgamation

• Shareholders of Almondz Global Securities Limited (for the remaining business) will receive 967 equity shares of Avonmore Capital for every 1,000 shares held.

Rationale Behind the Restructuring

The primary drivers for this complex restructuring include:

1. Regulatory Compliance: To align with the Securities Contract Regulations Rules (SCRR) and NSE guidelines, which restrict stock exchange members from engaging in non-securities businesses.
2. Operational Efficiency: The scheme aims to enhance operational efficiency by pooling financial, managerial, and technical resources across the group.
3. Focused Growth Strategies: Allowing each entity to pursue independent growth strategies for their targeted client base.
4. Simplification of Corporate Structure: Rationalizing the group structure and reducing the number of Non-Banking Financial Companies within the Almondz Group.
5. Cost Savings: Reduction in multiplicity of legal and regulatory compliances, leading to cost savings in administrative and managerial expenditures.

Impact on Shareholding

Post-scheme, Avonmore Capital's promoter shareholding is expected to decrease from 58.38% to 45.40%, while public shareholding will increase from 41.62% to 54.60%.

Financial Snapshot

As of June 30, 2025:

Regulatory Approvals

The scheme is subject to approvals from:

• National Company Law Tribunal
• Shareholders and creditors of the involved companies
• Relevant regulatory authorities

Conclusion

This comprehensive restructuring plan represents a significant move for Avonmore Capital and its group companies. By separating the broking and non-broking businesses and consolidating various entities, the group aims to create a more focused and efficient corporate structure while ensuring compliance with regulatory requirements. The success of this scheme could potentially lead to improved operational performance and value creation for shareholders across the group's businesses.

Almondz Global Securities Limited (AGSL) has announced a significant development in its joint venture company, Premier Green Innovations Private Limited (PGIPL). PGIPL, in which AGSL holds a 40.99% stake through its wholly-owned subsidiary, has entered into a strategic alliance with Entity 1 Value Emission Pvt Ltd. This partnership aims to revolutionize waste management and sustainable energy production in India.

Strategic Alliance Details

The collaboration between PGIPL and Entity 1 focuses on developing and deploying Microbial Electrochemical Cell (MECC)-based waste-to-value platforms. These innovative platforms are designed to produce a range of valuable products, including:

• Hydrogen
• Methanol
• Ethyl acetate
• Other value-added chemicals

Investment and Technology

The alliance involves a substantial investment of Rs. 500.00 crores over a three-year period. This investment will be utilized to build alternative materials for a full-scale alternate refinery, showcasing the partners' commitment to sustainable and innovative solutions in the energy sector.

Entity 1's first MECC reactor has already been installed at PGIPL's Kangra site, with trial production set to commence shortly. This technology is poised to make a significant impact on waste management and clean energy production in India.

Key Features of the Waste-to-Value Platform

1. Diverse Feedstock Utilization: The platform will convert agricultural residues, dairy, and food-processing effluents into clean fuels and chemicals.

2. Competitive Pricing: The technology is expected to produce methanol at a highly competitive price of Rs. 22.00 per litre.

3. Modular and Scalable Design: The MECC reactors are designed with capacities ranging from 0.50 to 100.00 tonnes per day, allowing for rapid deployment and reduced capital expenditure.

4. Multiple Value-Added Products: In addition to hydrogen and methanol, the platform will produce bio-methane, acetic acid, and ethyl acetate, with potential for carbon credits.

Environmental and Economic Impact

This strategic alliance aligns with India's energy transition goals and waste management policies. It is expected to:

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

Company Statements

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 forward in sustainable waste management and clean energy production, potentially reshaping the landscape of India's energy and chemical sectors.