The promoter group of plans to acquire up to 5 per cent of the company’s total paid-up equity share capital through open market transactions.
The company has received an official intimation from the promoters on the same and it was conveyed to the board of directors.
The proposed acquisition underscores the promoters’ confidence in the company’s long-term growth strategy and intrinsic value.
The planned stake increase follows AVI Polymers’ performance in FY26. The company reported a surge in revenue to ₹312 crore and a multi-fold growth in net profit, alongside achieving a debt-free balance sheet and a strengthened net worth position.
The promoters’ move comes at a time when AVI Polymers is transitioning into a technology-driven enterprise, supported by the successful operational roll-out of its wholly-owned AI-led subsidiaries, including KrishiBuddy and AVI Health AI. This strategic shift is expected to unlock new growth avenues and enhance long-term shareholder value.
The acquisition will be carried out in a phased manner over the coming months, in compliance with SEBI’s applicable regulatory frameworks.
Chintan Patel, Managing Director, AVI Polymers said, the increase in promoter shareholding reflects their conviction in AVI Polymers’ long-term growth potential and the strategic transformation.
“As we continue to build a technology-driven business with new-age platforms such as KrishiBuddy and AVI Health AI, we believe the current valuation presents a compelling opportunity,” he said.