AVI Polymers Ltd. Incorporates Wholly Owned Subsidiary in AI Technology Sector

AVI Polymers Ltd. has successfully incorporated a wholly owned subsidiary company, AVI AI Technologies Private Limited, marking a strategic expansion into the artificial intelligence and information technology services sector. The Ministry of Corporate Affairs approved the incorporation on February 18, 2026, and issued the Certificate of Incorporation for the new entity. Subsidiary Company Details The newly incorporated subsidiary operates under specific parameters that establish its foundation in the AI technology sector: Parameter: Details Company Name: AVI AI Technologies Private Limited CIN: U62090GJ2026PTC173809 Authorized Capital: ₹1,00,000 (Rupees One Lakh Only) Share Structure: 10,000 equity shares of ₹10 each Date of Incorporation: February 18, 2026 Industry Focus: Information Technology Services and AI Solutions Strategic Business Expansion The incorporation represents AVI Polymers' diversification strategy beyond its traditional polymer business. The subsidiary will operate in the Information Technology services and Artificial Intelligence solutions industry, positioning the parent company to capitalize on emerging technology trends. This move into AI and IT services marks a significant departure from AVI Polymers' main line of business. Ownership and Financial Structure AVI Polymers Ltd. maintains complete control over the subsidiary through 100% shareholding, either directly or through its nominee. The initial subscription to the share capital will be executed through cash or banking channels. As a wholly owned subsidiary, AVI AI Technologies Private Limited qualifies as a related party transaction under regulatory guidelines. Regulatory Compliance The company has fulfilled its disclosure obligations by informing BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made on February 21, 2026, by Managing Director Chintan Yashwantbhai Patel, ensuring compliance with mandatory reporting requirements for material events. Business Objectives and Market Position The subsidiary's establishment reflects AVI Polymers' commitment to expanding its business portfolio into high-growth technology sectors. With AI and IT services representing rapidly evolving markets, this strategic incorporation positions the company to explore new revenue streams and technological capabilities. The timing of this expansion aligns with increasing demand for artificial intelligence solutions across various industries. AVI Polymers Ltd has announced the incorporation of a wholly owned subsidiary company, marking a strategic expansion into the waste management sector. The Ministry of Corporate Affairs approved the incorporation of AVI Waste Management Private Limited (AWMPL) on February 19, 2026, and issued the Certificate of Incorporation. Subsidiary Company Details The newly incorporated subsidiary has been established with specific operational parameters and capital structure designed for waste management operations. Parameter: Details Company Name: AVI Waste Management Private Limited (AWMPL) CIN: U46690GJ2026PTC173821 Authorized Capital: ₹1,00,000 (Rupees One Lakh Only) Share Structure: 10,000 equity shares of ₹10 each Industry Focus: Waste Management & Recycling / Scrap Trading Incorporation Date: February 19, 2026 Ownership Structure and Investment AVI Polymers Ltd will maintain complete control over the subsidiary through a 100% shareholding arrangement. The initial subscription to the share capital will be funded through cash/banking channels, with AVI Polymers holding the shares either directly or through its nominee. As a wholly owned subsidiary, AWMPL is classified as a related party transaction under regulatory guidelines. The subsidiary represents a diversification strategy for AVI Polymers, as the waste management and recycling business falls outside the parent company's main line of operations. Regulatory Compliance The incorporation has been completed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations by providing comprehensive details about the subsidiary's establishment, including business objectives, capital structure, and ownership arrangements. No additional governmental or regulatory approvals are required for this acquisition, and no specific completion timeline applies since the incorporation process has already been finalized. The subsidiary is incorporated in India and will operate within the domestic market for waste management and recycling services. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. 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