Key Quantitative Figures

  • Written Down Value (WDV) of Recycle Plant & Machineries as on March 31, 2026: ₹6,79,30,506.39
  • Capital Work in Progress: ₹5,95,14,079.95
  • Total Asset Value: ₹12,74,44,586.34
  • Net Worth of the Company (excluding Revaluation Reserve) as on March 31, 2026: ₹79,74,03,570.69

Dates of Action

  • EGM Date: Tuesday, June 30, 2026 at 01:00 PM (IST)
  • Remote e-voting period: Saturday, June 27, 2026 at 9:00 AM to Monday, June 29, 2026 at 5:00 PM
  • Cut-off date for shareholder eligibility: Tuesday, June 23, 2026
  • Agreement date: June 06, 2026
  • Valuation reference date: June 30, 2026

Parties Involved

  • Seller: Avro India Limited
  • Buyer: Avro Recycling Limited (wholly-owned subsidiary)
  • Scrutinizer: Mr. Lalit Chaturvedi (Practicing Company Secretary, M/s Chaturvedi & Company)
  • Authorized signatories: Mr. Sushil Kumar Aggarwal (DIN: 00248707, Chairman & Whole Time Director), Mr. Sahil Aggarwal (DIN: 02515025, Managing Director), and Company Secretary
  • E-voting agency: National Securities Depository Limited (NSDL)

Purpose and Rationale

The proposed transfer is part of an internal exercise intended to facilitate focused growth of recycling business and benefits of Extended Producer Responsibility through a dedicated subsidiary company. The transfer is expected to result in improved operational efficiencies, optimized resource utilization and enhanced business opportunity for the recycle segment while remaining within the AVRO group.

Key Transaction Terms

  • Sale of recycling plant & related machineries and assets at Khasra No. 293M, Puthi, Village Dinanathpur, Dasna, Ghaziabad, Uttar Pradesh-201015
  • Assets include Grinders, Shredders, Extruders, Washing line, Dryers and Agglometers
  • Consideration at fair value based on Registered Valuer report determined on June 30, 2026
  • Payment to be made in cash within eight months from agreement date in various tranches
  • Assets to be delivered in working condition with all related documents

Voting and Meeting Logistics

  • EGM to be conducted through Video Conference/Other Audio-Visual Means (VC/OAVM)
  • Remote e-voting facility provided through NSDL
  • Physical attendance dispensed with, no proxy facility available
  • Members can join meeting 30 minutes prior to scheduled time
  • Facility available for 1000 members on first-come-first-served basis (exceptions for large shareholders, promoters, institutional investors, directors, KMPs)
  • Scrutinizer to submit report within two working days of EGM conclusion
  • Results to be declared within two working days and placed on company website

Financial Impact

The transaction represents sale of substantial part of the total plant & machinery of the company. The exact financial impact will be determined based on the valuation report as of June 30, 2026.

#Tags: #AvroIndia #EGM #AssetSale #SEBIDisclosure #RegulatoryCompliance #Neutral