, a listed polymer manufacturer with a growing focus on technology driven businesses, has announced that its Board of Directors will meet on Thursday to consider several strategic proposals aimed at enhancing shareholder value and strengthening the company’s future growth roadmap.
The Board will evaluate a proposed stock split of equity shares up to a ratio of 1:10 and a bonus issue of equity shares up to a ratio of 10:1.
The company will also consider its proposed entry into green technology and sustainability focused business segments. These include industrial waste management, advanced material recycling and carbon footprint optimization services.
The proposed stock split is intended to improve liquidity in the capital market and make the company’s equity shares more accessible to a wider base of retail investors.
The Board will also consider a bonus issue of equity shares to reward long term shareholders and further strengthen investor participation in the company’s future growth journey.
Chintan Yashwantbhai Patel, Managing Director of Avi Polymers said the proposals being considered by the Board reflect the company’s focus on building a stronger and more future ready business.
While the proposed stock split and bonus issue are aimed at enhancing shareholder participation and long term value creation, the planned diversification into sustainability focused sectors represents an important strategic step for the company, he said.