Aviva Industries Limited has formally disclosed the resignation of its Company Secretary cum Compliance Officer Ms. Deepika Vaid to the Bombay Stock Exchange, acknowledging a significant delay in the mandatory notification process. The resignation became effective from November 30, 2025, but the company only informed the exchange on February 24, 2026.

Administrative Oversight Acknowledged

The company issued a clarification letter addressing the delayed disclosure, stating that the omission was purely unintentional and occurred due to administrative oversight. Aviva Industries emphasized there was absolutely no malafide intention, concealment, or deliberate non-compliance in this matter. The company expressed deep regret for the lapse and acknowledged the importance of timely and accurate disclosures to the exchange.

Resignation Details

Ms. Vaid submitted her resignation letter on November 30, 2025, citing pre-occupation and other commitments as reasons for her departure. The company confirmed that there were no material reasons for her resignation beyond those mentioned. She was relieved from her services at the closure of business hours on November 30, 2025.

Regulatory Compliance Framework

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The company provided comprehensive documentation including the resignation letter and required annexures as part of the regulatory submission.

Corporate Governance Commitment

Aviva Industries reaffirmed its commitment to maintaining the highest standards of corporate governance, transparency, and regulatory compliance. The company has reviewed its internal processes and is implementing necessary corrective steps to strengthen compliance monitoring mechanisms. These measures are designed to ensure that such inadvertent omissions do not recur in the future.

The company thanked Ms. Vaid for her valuable contributions during her tenure and wished her success in her future endeavours. Managing Director Bharvin Patel (DIN: 01962391) signed all the disclosure documents on February 24, 2026.

Aviva Industries Limited announced the successful allotment of 16,20,000 equity shares following the conversion of fully convertible equity warrants, marking a significant expansion in the company's equity base. The Board of Directors approved this allotment during their meeting held on February 18, 2026.

Warrant Conversion Details

The allotted equity shares resulted from the conversion of 16,20,000 fully convertible equity warrants that were originally issued on January 06, 2026. These warrants were allotted to Rathod Papubhai Babubhai at an issue price of ₹28 per warrant on a preferential basis.

Impact on Share Capital

The warrant conversion has resulted in a substantial increase in Aviva Industries' paid-up equity share capital. The company's equity base has expanded significantly following this allotment.

Board Meeting Proceedings

The Board of Directors convened on February 18, 2026, to deliberate and approve the warrant conversion. The meeting commenced at 05:00 PM and concluded at 05:30 PM, during which the directors considered and approved the allotment in accordance with SEBI regulations.

The company has informed the Bombay Stock Exchange about this development as part of its compliance obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing ensures transparency and keeps stakeholders informed about material corporate actions affecting the company's equity structure.