Avro India Limited successfully concluded its Extraordinary General Meeting (EGM) on February 04, 2026, with shareholders approving all four special resolutions presented for their consideration. The meeting was conducted through video conferencing from 01:00 P.M. to 01:46 P.M., in compliance with regulatory requirements and MCA circulars.

Meeting Participation and Voting Process

The EGM witnessed active participation from shareholders, with 41 members attending through video conferencing. The participation breakdown included 4 members from the promoter and promoter group category and 37 from the public category. The company had dispatched EGM notices to 6,197 members via email on January 12, 2026, with the record date set as January 28, 2026.

Resolution Approvals and Voting Results

All four special resolutions were approved with overwhelming majority support from shareholders. The voting process included both remote e-voting (February 01-03, 2026) and e-voting during the meeting, overseen by scrutinizer Lalit Chaturvedi from Chaturvedi & Company.

Resolution 1: Woman Independent Director Appointment

Shareholders approved the appointment of Mrs. Nimisha Rohit Agarwal (DIN: 11442309) as Woman Independent Director with significant support:

Executive Remuneration Increases

Three resolutions related to executive remuneration increases were approved:

Regulatory Compliance and Documentation

The EGM was conducted in full compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company utilized the e-voting facility provided by National Depository of India Limited for conducting both remote e-voting and e-voting during the meeting.

Scrutinizer Lalit Chaturvedi (C.P. No. 13708) submitted the consolidated report confirming that all resolutions were carried with requisite majority. The voting results were communicated to BSE Limited and National Stock Exchange of India Limited on February 05, 2026, as per regulatory requirements.

Corporate Governance Enhancement

The approval of Mrs. Nimisha Rohit Agarwal as Woman Independent Director strengthens the company's board composition and aligns with corporate governance best practices. The remuneration adjustments for key executives reflect the company's commitment to competitive compensation structures while maintaining shareholder approval processes for such decisions.

Avro India has made a significant stride in sustainable manufacturing by commissioning India's largest flexible plastic recycling plant, marking a strategic diversification from its core plastic-moulded furniture business. The company's shares closed at ₹115.40 with a market capitalization of ₹154 crore, trading at a PE ratio of 39.00 compared to the industry PE of 38.40.

Major Infrastructure Investment

The company launched this recycling facility through its wholly-owned subsidiary, AVRO Recycling Limited, establishing a greenfield project in Ghaziabad with substantial financial commitment.

Advanced Recycling Technology

Avro India has developed proprietary in-house technology capable of processing challenging-to-recycle flexible plastics, including cement, salt, sugar, and putty bags. After more than three years of research and development, the company claims capability to upcycle waste on an industrial scale approaching 1 million metric tonnes annually in India. The recycled pellets produced through this process are utilized for manufacturing furniture, home appliances, automotive parts, and industrial objects, priced up to 40% lower than conventional plastic.

Financial Performance

The company's recent quarterly results demonstrate steady operational performance across key metrics.

Market Position and Distribution

Avro India Limited operates as a plastic moulded furniture company with over two decades of business experience, supported by an automated manufacturing division in Ghaziabad. The company maintains cost leadership through products priced 40% lower than national competitors while maintaining quality standards. The company has established extensive nationwide reach through presence on major e-commerce platforms and distribution across more than 20,000 outlets, positioning itself among the top five domestic players nationally and as the largest in North India.

Strategic Diversification

This recycling initiative represents Avro's strategic entry into the organized waste-to-wealth segment, addressing growing environmental regulations and sustainability demands. The facility focuses on processing flexible plastics that were previously handled by the unorganized sector or discarded entirely, creating value from waste materials while supporting circular economy principles.