AVI Polymers Ltd. Allots Shares Following Rights Issue
AVI Polymers Ltd. announced the allotment of 8,99,95,400 equity shares at a price of ₹10 per share, completing the rights issue initiated on February 13, 2026. The allotment was finalized in consultation with BSE Limited (BSE), the designated stock exchange, and the registrar to the issue.The total value of shares allotted amounts to ₹89,99,54,000.
Monitoring Agency Appointment
The company’s board has appointed Brickwork Ratings India Private Limited as the monitoring agency for the utilization of funds raised through the rights issue. This appointment adheres to Regulation 32 of the SEBI (LODR) Regulations, 2015, and other applicable SEBI guidelines. The board intends that this appointment will promote transparency and accountability in fund deployment.The board meeting commenced at 2:30 PM and concluded at 3:15 PM.
Table: Allotment Details
| Particular | Number of shares | Amount in Rs. |
|---|---|---|
| Equity Shares issued at Rs. 10 per share | 8,99,95,400 | 89,99,54,000 |
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