AVRO INDIA LIMITED — Important, 18-03-2025: Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals

Avro India Limited has received in-principle approval from the National Stock Exchange for the listing of 25,75,320 equity shares at a premium of Rs. 175.50 each, issued on a preferential basis to non-promoters. This approval allows the company to broaden its equity base and potentially enhance liquidity in the stock, benefiting shareholders. The next steps involve confirmation from depositories for the credit of beneficiaries' accounts. This development could bolster investor sentiment, suggesting a proactive approach to capital management and growth opportunities, while also presenting a potential risk if market conditions fluctuate post-listing.