Avonmore Capital & Management Services Limited has announced a comprehensive restructuring plan, involving the demerger of Almondz Global Securities Limited's broking business and multiple amalgamations within the group. The scheme, approved by the company's board on September 11, 2025, aims to streamline operations and comply with regulatory requirements.

Key Components of the Restructuring Scheme

1. Demerger of Broking Business: Almondz Global Securities Limited's broking business, which includes stock broking, depository participant, and advisory services, will be transferred to Almondz Broking Services Limited. The resulting entity will retain the name 'Almondz Global Securities Limited'.

2. Multiple Amalgamations: The scheme involves the amalgamation of several group companies with Avonmore Capital & Management Services Limited:

   • Almondz Global Securities Limited (remaining non-broking business)
   • Almondz Insolvency Resolutions Services Private Limited
   • Almondz Finanz Limited
   • Apricot Infosoft Private Limited
   • Avonmore Developer Private Limited
   • Anemone Holding Private Limited

Rationale and Objectives

The restructuring is primarily driven by the need to comply with the Securities Contract Regulations Rules (SCRR) and NSE guidelines, which restrict stock exchange members from engaging in non-securities businesses. Key objectives include:

• Segregating the broking and non-broking businesses
• Enhancing operational efficiency
• Rationalizing the corporate structure
• Reducing regulatory compliance burdens
• Improving the competitive position of the combined entity

Financial Impact

The broking business, which is being demerged, contributed 8.65% to Almondz Global Securities' total revenue in the financial year 2024-25. For the quarter ended June 30, 2025, its contribution stood at 4.75%.

Shareholding Changes

Post-restructuring, Avonmore Capital's shareholding pattern is expected to change significantly:

Share Exchange Ratios

The scheme outlines the following share exchange ratios:

1. For the demerger: 1 equity share of Almondz Broking Services Limited for every 1 equity share held in Almondz Global Securities Limited.
2. For the amalgamation of Almondz Global's remaining business: 967 equity shares of Avonmore Capital for every 1,000 equity shares held in Almondz Global Securities Limited.

Regulatory Approvals

The implementation of this composite scheme is subject to approvals from:

• The National Company Law Tribunal
• Shareholders and creditors
• Other regulatory authorities, including SEBI and stock exchanges

Conclusion

This complex restructuring scheme represents a significant move for Avonmore Capital and its group companies. By separating the broking business and consolidating other operations, the company aims to create a more focused and efficient corporate structure while ensuring compliance with regulatory requirements. Shareholders and market observers will be keenly watching the execution of this scheme and its impact on the group's future performance.

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.