AVRO INDIA LIMITED — Important, 25-12-2024: Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

Avro India Limited has received in-principle approval from the National Stock Exchange for listing 6,48,330 equity shares at a nominal value of ₹10 each, issued at a premium of ₹117.25 on a preferential basis to both promoters and non-promoters. This approval facilitates the trading of these shares, enhancing the company’s capital structure.

The approval is expected to positively influence Avro India’s financial outlook, potentially increasing liquidity and attractiveness to investors. This action reflects the company's strategy to bolster its share capital for future growth, which may enhance investor sentiment as they view the move as a step towards strengthening financial health and operational capabilities.