AVI Polymers Ltd has announced the incorporation of a wholly owned subsidiary company, marking a strategic expansion into the waste management sector. The Ministry of Corporate Affairs approved the incorporation of AVI Waste Management Private Limited (AWMPL) on February 19, 2026, and issued the Certificate of Incorporation.

Subsidiary Company Details

The newly incorporated subsidiary has been established with specific operational parameters and capital structure designed for waste management operations.

Ownership Structure and Investment

AVI Polymers Ltd will maintain complete control over the subsidiary through a 100% shareholding arrangement. The initial subscription to the share capital will be funded through cash/banking channels, with AVI Polymers holding the shares either directly or through its nominee.

As a wholly owned subsidiary, AWMPL is classified as a related party transaction under regulatory guidelines. The subsidiary represents a diversification strategy for AVI Polymers, as the waste management and recycling business falls outside the parent company's main line of operations.

Regulatory Compliance

The incorporation has been completed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations by providing comprehensive details about the subsidiary's establishment, including business objectives, capital structure, and ownership arrangements.

No additional governmental or regulatory approvals are required for this acquisition, and no specific completion timeline applies since the incorporation process has already been finalized. The subsidiary is incorporated in India and will operate within the domestic market for waste management and recycling services.

AVI Polymers Ltd has announced the incorporation of its wholly owned subsidiary, marking a strategic expansion into the energy sector. The Ministry of Corporate Affairs approved the incorporation of AVI ECO SPARK PRIVATE LIMITED on February 21, 2026, and issued the Certificate of Incorporation on the same date.

Subsidiary Details and Structure

The newly incorporated subsidiary operates under specific parameters designed for energy sector operations:

Business Objectives and Operations

AVI ECO SPARK PRIVATE LIMITED has been established with the primary objective of generating electric energy and power. This represents a diversification from AVI Polymers' main line of business, as the parent company ventures into the energy generation sector. The subsidiary's business model focuses on power generation activities within India's energy landscape.

Financial and Regulatory Framework

The incorporation involved 100% initial subscription to the share capital through cash or banking channel. As a wholly owned subsidiary, AESPL is classified as a related party to AVI POLYMERS LIMITED, with the parent company serving as the promoter. The regulatory filing indicates that no additional governmental or regulatory approvals were required for this acquisition beyond the standard incorporation process.

Strategic Implications

The establishment of this subsidiary represents AVI Polymers' entry into the energy sector, specifically focusing on electric energy and power generation. Being incorporated on February 21, 2026, the subsidiary currently has no operational turnover, as expected for a newly established entity. The company's presence is limited to India, aligning with the domestic focus of the parent organization.

This corporate development was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with listing requirements and maintaining transparency with stakeholders regarding the company's expansion strategy.