Avro India Limited's EGM Passes Resolution to Sell Plant & Machineries to Avro Recycling
Avro India Limited held an EGM on June 30, 2026, to approve the sale of a substantial part of its plant and machineries to Avro Recycling Limited. The resolution was passed with a requisite majority. The EGM was conducted via video conference.
The sale of plant and machinery is a significant operational decision that could impact the company's manufacturing capabilities and future strategy.
The resolution to sell a substantial part of the plant and machineries was passed with the requisite majority, indicating shareholder approval for the business decision.
Avro India Limited held its Extraordinary General Meeting (EGM) on Tuesday, June 30, 2026, commencing at 01:00 PM IST via Video Conference/Other Audio-Visual Means. The primary business transacted was the sale of a substantial part of the company's plant and machineries to M/s Avro Recycling Limited.
The EGM notice, dated June 06, 2026, was sent to shareholders on June 08, 2026. The cut-off date for determining voting eligibility was June 23, 2026. Remote e-voting took place from June 27, 2026, 09:00 AM IST to June 29, 2026, 05:00 PM IST. Shareholders who had not voted remotely could cast their votes during the EGM.
Mr. Lalit Chaturvedi, Practising Company Secretary, was appointed as the Scrutinizer for the remote e-voting and e-voting during the EGM. The resolution to sell the plant and machineries was passed with the requisite majority. The voting results, along with the Scrutinizer's report, will be intimated to the stock exchanges and placed on the company's website. The meeting concluded at 01:41 PM IST.
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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 medium impact: worth reading, rarely worth acting on by itself.
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