Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations

Date of Board Meeting / Approval: Thursday, September 03, 2026

Meeting Duration: Commenced at 5:30 PM and concluded at 6:30 PM

Key Financial Highlights:

Not Specified

Corporate Actions:

Dividend Declarations: Not Specified

Capital Raising - Qualified Institutions Placement (QIP):

  • Approved proposal to raise funds up to ₹150,00,00,000 (One Hundred Fifty Crore) through issuance of equity shares via QIP
  • To be undertaken in one or more tranches
  • Requires special resolution approval from members at the 34th AGM
  • Securities will be listed on BSE and NSE
  • Proceeds intended for: investment and business expansion, working capital requirements, strategic investments in Agri-Tech sector, agricultural products business, medical devices sector expansion, and general corporate purposes

Acquisition and Preferential Issue:

  • Approved further acquisition of 43.44% equity share capital of Ampivo Smart Technologies Private Limited through share-swap arrangement
  • Company currently holds 4.67% stake in Ampivo; post-acquisition aggregate holding would be 48.11%
  • Approved preferential issue of up to 11,02,42,980 equity shares of face value ₹1 each at issue price of ₹7.80 per share (including premium of ₹6.80)
  • Total consideration: ₹85,98,95,244 (Eighty-Five Crore Ninety-Eight Lakh Ninety-Five Thousand Two Hundred Forty-Four)
  • Share swap ratio: 1,665 equity shares of Avio for every 1 equity share of Ampivo (1,665:1)
  • Acquisition price: ₹12,988.30 per equity share of Ampivo
  • Company has entered into Share Purchase and Subscription Agreement with Ampivo and its shareholders

Other Significant Information:

Ampivo Smart Technologies Background:

  • Incorporation Date: May 11, 2022
  • Industry: Information Technology
  • Business: Technology-oriented company focused on developing technology-driven solutions for underserved communities including healthcare, rural commerce, artificial intelligence, and data analytics
  • Location: Hyderabad, India
  • Financials:
  • FY 2025-26: Turnover ₹34.23 Cr
  • FY 2024-25: Turnover ₹33.19 Cr
  • FY 2023-24: Turnover ₹0.26 Cr

Valuation Report: Independent valuation conducted by Ms. R. Abinaya, Chartered Accountant (Registration No.: IBBI/RV/02/2020/13325)