AVI Polymers Ltd — Updates, 07-07-2025: Company Update

Rootsparkle Trading Private Limited has announced a board meeting pursuant to its open offer to acquire 26% equity (10,63,582 shares) of AVI Polymers Limited at ₹13 per share via a triggered open offer. This follows their acquisition of 25.17% stake through a share purchase agreement for ₹1.34 Cr, leading to proposed control of AVI Polymers. The open offer will be conducted through the stock exchange mechanism on BSE, with a tendering period from July 14 to July 25, 2025. Post-completion, Rootsparkle intends to become the promoter with 51.17% ownership. The acquirer plans to continue the company’s existing specialty chemicals business, with potential diversification later. Shareholders can tender shares in demat or physical form through their brokers; acceptance will be on a proportionate basis if oversubscribed. Tax implications vary by shareholder type, and shareholders are advised to consult tax advisors. The acquirer has confirmed sufficient funds and compliance with regulatory requirements to complete the offer.