Avi Polymers shares rallied 4.95% to ₹17.59 following the company's board approval of a 1:10 bonus share issue proposal. According to reports from Business Standard, the board has approved issuing 1 equity share for every 10 equity shares held by eligible shareholders as on the record date, subject to regulatory approvals. This bonus issue will significantly expand the company's share base while maintaining the existing face value structure.
Following the bonus issue, the company's paid-up equity share capital will increase to ₹103.49 crore, comprising 10,34,94,710 equity shares of ₹10 each. As reported by Business Standard, the company currently holds 21,52,01,617 free reserves as of March 31, 2026. Additionally, the board approved subdividing each equity share with a face value of ₹10 into 10 equity shares with a face value of ₹1 each. Post-split, the company's authorized capital will comprise 1,05,00,00,000 equity shares with a face value of ₹1 each, while paid-up capital will consist of 1,03,49,47,100 equity shares with a face value of ₹1 each.
The board has approved strategic expansion into high-growth sustainable industries including industrial waste management systems, advanced material recycling technology and carbon footprint optimization & sustainability consulting services. According to Business Standard, Avi Polymers operates two wholly-owned subsidiaries - AVI Eco Spark (AgriTech/KrishiBuddy) and AVI Al Technologies (Al services and HealthTech/AVIHealth Al) - and is building a diversified digital ecosystem across agriculture, healthcare and sustainability sectors.
The company reported strong financial results with consolidated net profit rising sharply to ₹10.24 crore in Q4 FY26, compared to ₹0.74 crore in Q4 FY25. As reported by Business Standard, revenue from operations came in at ₹150.28 crore during the quarter against nil in the year-ago period. This significant improvement in profitability demonstrates the company's operational efficiency and market positioning in its core business segments.
