Avro India Limited Issues Corrigendum for EGM Notice Scheduled March 30
Avro India Limited issued a corrigendum for its EGM notice scheduled for March 30, 2026. The EGM concerns personal guarantees for ₹21.08 Crores. Amendments clarify transaction value as 371.56% of company turnover and 10.35% of counter-party turnover.
This is a procedural update providing clarification on an existing notice for an EGM. It does not introduce new business, financial results, or significant corporate actions that would materially impact the company's operations or valuation.
The announcement is a corrigendum to a previously issued notice for an EGM. It clarifies details related to a related party transaction and does not introduce new material information that would positively or negatively impact the company's outlook.
Avro India Limited has issued a corrigendum to its Notice of Extraordinary General Meeting (EGM) originally dated March 06, 2026. The EGM is scheduled to be held on March 30, 2026, at 01:00 PM via Video Conference (VC)/Other Audio-Visual means (OAVM).
The purpose of the corrigendum is to provide further clarity on the disclosures made in the explanatory statement concerning a material related party transaction. This transaction involves personal guarantees provided by Mr. Sushil Kumar Aggarwal, Mrs. Anita Aggarwal, Mr. Sahil Aggarwal, Mr. Nikhil Aggarwal, Sushil Kumar Aggarwal HUF, Sahil Aggarwal HUF, and Nikhil Aggarwal HUF to IDFC First Bank Limited on behalf of the company for an amount of ₹21.08 Crores.
The amendments to the notice primarily concern the explanatory statement. Specifically, the percentage of the company's turnover for the immediately preceding financial year represented by the value of the proposed transaction is now stated as 371.56%. Additionally, the percentage of the counter-party's annual consolidated turnover for the immediate preceding financial year represented by the value of the proposed transaction is now stated as 10.35%. These figures are to be read in conjunction with the original EGM Notice and explanatory statement. The detailed corrigendum is available on the company's website at www.avrofurniture.com and has been communicated to the National Stock Exchange (NSE) and BSE Limited.
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AVRO INDIA LIMITED filed this with the NSE as a statutory disclosure, categorised under egm. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by AVRO INDIA LIMITED. Read the original for the full detail.