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Avro India Limited Board/Management Information 2021

Dec 17, 2021

61916_rns_2021-12-17_97feaa44-d683-4db9-8a32-329b9d46190a.pdf

Board/Management Information

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Date: December 17, 2021

The Head Listing Compliance National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai-400051

Symbol: AVROIND

Subject: Outcome of Board Meeting held on 17 December, 2021

Dear Sir/Madam

With reference to captioned subject and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors in their meeting held on Friday, December 17, 2021 has inter alia, approved the following matters:

1. Considered, approved and recommended the issue of Bonus equity shares in the ratio of 21:10 ie. 21 (Twenty one) Bonus Shares of Rs. 10/- each for every 10 (ten) fully paid equity shares held as on Record Date, by the shareholder. (Additional details as required as per regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 is annexed herewith as Annexure-A.
Considered, approved and recommended the Migration of Equity Shares of the Company from Emerge platform of National Exchange of India Limited to the Main Board of National Stock Exchange of India Limited subject to necessary approvals;
Considered, approved and recommended Migration and listing of equity shares of the Company on Main Board of BSE Limited.
Considered, approved and recommended the alteration in the Main Objects of the Memorandum of Association by inserting following clause after existing clause A(5):
To. Manufacture, buy, sell, export, outsource, or otherwise deal in all kinds of home appliances, household items, and lifestyle products;

7; "Fo Manufacture, buy, sell, export, import, outsource or otherwise deal in wooden/hybrid furniture/construction material of all kinds

8.To develop a tech platform and engage various Companies, dealers, distributors and other stakeholders for business transactions and providing advisory services.
1. To Carry out business or outsourcing of recycling of plastics of all forms.
Approved the Postal Ballot Notice to be sent to the shareholders for the purpose ^o obtaining shareholders consent for the above businesses. ^y

(Formerly known as AVON MOLDPLAST LIMITED)

	FURNITURE
		Annexure-A
Information	as per Regulation 30 of SEBI Requirements) Regulations,	(Listing Obligations and Disclosure 2015 with respect to issue of bonus equity shares:
S.No.	Particulars of Securities	Description of Securities
iL.	Whether Bonus is out of Reserves created

	out of Profits or Securities Premium	The Bonus Shares will be issued out of
2:	Bonus Ratio	Securities Premium and Free Reserves 21:10 ie. 21 (Twenty One) Bonus Equity Share of Rs. 10/- each fully paid up for every share Rs. 10/- each fully paid up held as on record date to be
	Details of Share capital- Pre and Post Bonus Issue	decided. The Pre-Bonus Paid up Capital as on date of this letter is Rs. 3,25,40,000 consisting of 3254000 equity shares of Rs. 10/- each. The Post-Bonus Paid up Capital would be Rs. 10,08,74,000 consisting of
	Free Reserves and/or Share Premium	10087400 equity shares of Rs. 10 each. Securities Premium-Rs. 3,62,44,000
	required for implementing Bonus Issue	Free Reserves- Rs. 3,20,90,000
	Free Reserves and/or Securities Premium available for capitalization and the date	Amount available as on 31st March 2021
	on which such balance is available	are:
		Securities Premium- Rs. 3,62,44,000 Free Reserves- Rs.4,97,85,481.29
or	Whether aforesaid figures are audited Estimated date by such Bonus Issue	Yes