Board Meeting4 May 2026, 02:05 pm
AVI Polymers to Consider ₹500 Cr Fundraising on May 7, 2026
AI Summary
AVI Polymers Ltd has scheduled a Board of Directors meeting on May 7, 2026, to consider and approve a proposal for fund raising up to ₹500 Crore through various methods including qualified institutional placement, private placement, or preferential issue. The board will also consider adding new objects to the Memorandum of Association, including information technology and digital platforms. The trading window will be closed from May 4, 2026, until 48 hours after the board meeting.
Key Highlights
- Board to consider fund raising up to ₹500 Crore on May 7, 2026.
- Fund raising may involve QIP, private placement, or preferential issue.
- Board to consider acquisition methods including share purchase or swap.
- Company to consider adding IT and digital platforms to its objectives.
- Trading window closed from May 4, 2026 until 48 hours post meeting.