AVI Polymers Approves Bonus Issue, Share Split, and Diversification

AVI Polymers Limited's Board of Directors met on June 4, 2026, approving several key corporate actions. The company will increase its authorized share capital to ₹1,050 crore. A bonus issue of 1:10 equity shares and a 1:10 equity share split (face value ₹10 to ₹1) were approved, subject to regulatory and shareholder approvals respectively. Furthermore, the company announced a strategic diversification into Green Tech and Sustainability, focusing on industrial waste management, advanced material recycling, and carbon footprint optimization. The board also approved a postal ballot for these resolutions and appointed a scrutinizer.