AVI Polymers Limited , a company listed on the Indian stock exchanges, has announced a significant change in its key managerial personnel. The Board of Directors has approved the appointment of Mr. Manish Rakesh as the new Company Secretary and Compliance Officer, effective November 20, 2025.

Key Details of the Appointment

• Name: Mr. Manish Rakesh
• Membership Number: A29424
• Position: Company Secretary and Compliance Officer
• Effective Date: November 20, 2025

Professional Background

Mr. Rakesh brings a wealth of experience to his new role at AVI Polymers. His qualifications include:

• LLB from Magadh University, Bodh Gaya, Bihar
• LLM (Criminal Law) from Kurukshetra University, Haryana
• Company Secretaryship from ICSI, Delhi
• BA (Hons.) in Political Science from Delhi University

Expertise and Experience

Mr. Rakesh's professional experience spans various aspects of corporate legal compliance and management. His areas of expertise include:

• Company legal compliance with Registrar of Companies (ROC)
• Matters related to Director Identification Number (DIN) disqualification
• Conducting Annual General Meetings (AGMs), Extraordinary General Meetings (EGMs), and Board Meetings
• Drafting and vetting of corporate contracts
• Handling workmen compensation cases
• Advising on employment-related legal matters

Regulatory Compliance

This appointment is in line with regulatory requirements under Section 203 of the Companies Act, 2013, and SEBI listing regulations. It demonstrates AVI Polymers' commitment to maintaining strong corporate governance practices and ensuring compliance with regulatory standards.

Company's Statement

Chintan Y. Patel, Managing Director of AVI Polymers Limited, stated, "We are pleased to welcome Mr. Manish Rakesh to our team. His extensive experience in corporate law and compliance will be invaluable as we continue to strengthen our governance framework and navigate the evolving regulatory landscape."

The appointment of Mr. Rakesh is expected to enhance AVI Polymers' compliance capabilities and contribute to the company's overall corporate governance structure.

Investors and stakeholders can view this appointment as a positive step towards ensuring robust compliance and secretarial practices within the company.

AVI Polymers Limited has successfully concluded its Extraordinary General Meeting (EGM) held on December 11, 2025, with shareholders unanimously approving key resolutions including a massive 15-fold increase in authorized share capital. The company, listed on the Bombay Stock Exchange (BSE: 539288), conducted the meeting through video conferencing with strong shareholder participation.

EGM Voting Results

The voting results demonstrate overwhelming shareholder support for the proposed changes:

Resolution 1: Share Capital Increase Approved

Shareholders unanimously approved the increase in authorized share capital with 100.00% votes in favor:

The approved restructuring increases the company's authorized share capital from ₹6.5 crore to ₹100 crore, expanding the number of equity shares from 65 lakh to 10 crore while maintaining the face value of ₹10 per share.

Resolution 2: New Statutory Auditors Appointed

Shareholders also unanimously approved the appointment of M/s Kapil Kumar Agrawal Associates as the company's statutory auditors, receiving 100.00% votes in favor across all categories.

E-Voting Process and Scrutiny

The voting process was conducted transparently with National Securities Depository Limited (NSDL) providing the e-voting platform. M/s SCS & Co. LLP, Company Secretaries, served as scrutinizers under the supervision of Abhishek Chhajed (FCS 11334). The remote e-voting period remained open from December 8, 2025, at 9:00 AM to December 10, 2025, at 5:00 PM.

Strategic Implications

The substantial increase in authorized share capital positions AVI Polymers for potential future growth initiatives, capital raising activities, or strategic expansions. The unanimous shareholder approval reflects strong confidence in the company's management and strategic direction. The appointment of new statutory auditors ensures continued compliance with regulatory requirements and corporate governance standards.

The company has fulfilled all regulatory obligations under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with Managing Director Chintan Yashwantbhai Patel (DIN: 10774473) overseeing the process completion.