AVP Infracon Limited — Others, 11-08-2025: Shareholders meeting

AVP Infracon is seeking shareholder approval via postal ballot to reallocate ₹15.00 Crore of its IPO proceeds. Originally earmarked for capital expenditure, these funds are now proposed for working capital requirements. The company explained that external financing for machinery is available at reasonable costs, making a large upfront cash outflow unnecessary. This strategic move is intended to expedite ongoing projects, reduce operational costs, and improve cash flow. Management believes this re-allocation will maximize shareholder return and support the company's future growth by leveraging new contracts.