AVI Polymers Ltd — Updates, 01-01-1970: Company Update

Rootsparkle Trading Private Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company is making an open offer to acquire 10,63,582 equity shares (26%) of AVI Polymers Limited at ₹13 per share. The acquirer has already acquired 10,29,500 shares through a share purchase agreement and appointed two directors on AVI Polymers’ board. AVI Polymers reported a profit after tax of ₹81.68 lakh for FY25, with a net worth of ₹5.67 Cr and zero dividend declared. The open offer will be conducted through the stock exchange mechanism, with no competing bids.