Avro India Limited announced the resignation of Independent Director Mrs. Richa Kathuria (formerly known as Richa Kalra) effective December 20, 2025. The resignation was communicated to stock exchanges in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Resignation Details

The key details of the resignation are presented below:

Regulatory Compliance

The company has made the necessary disclosures pursuant to Regulation 30 read with Para A of Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Kathuria confirmed in her resignation letter dated December 20, 2025, that there is no material reason for her resignation other than the reason mentioned in her resignation letter.

Committee Memberships

As part of the regulatory disclosure requirements, Mrs. Kathuria provided details of her committee memberships in other listed companies:

Administrative Process

The company secretary Sumit Bansal (Membership No: A42433) has confirmed that all required formalities will be completed regarding the resignation, including:

• Filing of required forms with the Ministry of Corporate Affairs
• Intimating other relevant authorities as required
• Providing acknowledgement and copies of e-Form DIR-12 to the resigning director

The resignation takes immediate effect from December 20, 2025, and the company has assured compliance with all regulatory requirements related to the director's departure.

Avro India Limited , a key player in the Indian manufacturing sector, has released its unaudited financial results for the second quarter ended September 30, 2025, revealing a mixed performance with notable changes in profitability and operational metrics.

Key Financial Highlights

• Revenue Growth: The company reported revenue from operations of Rs. 2,100.38 crore for Q2 FY2026, showing a 16.4% increase from Rs. 1,804.89 crore in the same quarter last year.
• Profit Decline: Despite revenue growth, the standalone profit for Q2 FY2026 stood at Rs. 122.08 crore, marking a 15.7% decrease from Rs. 148.92 crore in Q2 FY2025.
• Other Income: Other income saw a significant rise to Rs. 184.55 crore in Q2 FY2026, up from Rs. 87.70 crore in the corresponding quarter of the previous year.

Operational Performance

The company's operational expenses saw increases across various categories:

Half-Yearly Performance

For the half-year ended September 30, 2025:

• Total income reached Rs. 4,610.28 crore, up from Rs. 3,622.00 crore in the previous year.
• Profit before tax increased to Rs. 289.62 crore from Rs. 192.54 crore.

Corporate Developments

Avro India Limited has expanded its corporate structure by incorporating a wholly-owned subsidiary, Avro Recycling Limited, in May 2025. This marks the company's first consolidated financial results under IndAS requirements, potentially signaling a strategic move towards diversification or vertical integration.

Market Position and Outlook

While the company has shown robust revenue growth, the decline in quarterly profit suggests challenges in maintaining profit margins amidst rising operational costs. The significant increase in other income has helped offset some of the pressure on the bottom line.

The incorporation of Avro Recycling Limited may indicate the company's focus on sustainability and circular economy principles, which could be a positive long-term strategy in the evolving manufacturing landscape.

Investors and market analysts will likely be watching closely to see how Avro India manages its cost structures and leverages its new subsidiary to drive future growth and profitability.

Note: All figures are in Indian Rupees (INR) and are based on the unaudited financial results provided by the company.