Avro India Ltd has secured in-principle approval from the National Stock Exchange of India Limited and approval from BSE Limited to list 10,60,900 equity shares of ₹10 each. The shares were issued to non-promoters on a preferential basis. This listing approval enables the company to float these shares on the stock exchanges, expanding its equity base.

The National Stock Exchange of India Limited granted the approval via letter no. NSE/LIST/54992 dated June 15, 2026. BSE Limited issued its approval through letter no. LOD/PREF/RB/FIP/399/2026-27 dated June 17, 2026. The approvals are valid for seven working days from the date of grant.

The disclosure was made in compliance with Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Key Details of the Approval

Avro India Limited has completed the dispatch of the notice for its Extraordinary General Meeting (EGM) to shareholders on June 08, 2026. The meeting is scheduled for June 30, 2026, at 01:00 p.m. IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) to seek shareholder approval for the sale of a substantial part of its plant and machinery to its wholly-owned subsidiary, Avro Recycling Limited.

The transaction aims to facilitate the focused growth of the recycling business and optimize resource utilization within the group. The board of directors approved the sale on June 06, 2026. The assets, situated at Khasra No. 293M, Puthi, Village Dinanathpur, Dasna, Ghaziabad, Uttar Pradesh, include Grinders, Shredders, Extruders, Washing line, Dryers, and Agglomerators. The consideration will be determined based on a valuation report from a Registered Valuer as of June 30, 2026. As per the agreement dated June 06, 2026, the buyer agrees to pay the amount in cash within a period of eight months in various tranches, with the seller delivering possession of the assets in working condition along with all related documents.

Financial Details of the Assets

The company disclosed the following financial information regarding the assets based on audited financial statements as on March 31, 2026. The total value of the recycle plant and machineries, including Capital Work in Progress, amounts to Rs. 12,74,44,586.34.

EGM and Voting Details

The resolution requires a special resolution as the sale constitutes a substantial part of the company's total assets. Mr. Sushil Kumar Aggarwal, Chairman & Whole Time Director, and Mr. Sahil Aggarwal, Managing Director and Company Secretary, have been authorized to take necessary actions to implement the sale.

The company has published the information regarding the completion of dispatch of the EGM notice in all editions of Financial Express (English) and Jansatta (Hindi) on June 09, 2026. The notice was sent electronically to members whose email addresses are registered with the Company, Registrar and Share Transfer Agent (RTA), or Depository Participants (DPs) as on June 05, 2026. Members who have not registered their email addresses are advised to do so through the RTA, MAS Services Limited, or their respective Depository Participants.