AVI Polymers' promoters plan to acquire up to 5% of the company's equity, reflecting confidence in its long-term growth and strategic transformation. This move comes as the company reports significant revenue growth and a debt-free balance sheet, transitioning into an AI-driven enterprise with subsidiaries like KrishiBuddy and AVI Health AI.

AVI Polymers: Strategic Stake Increase amid Growth Transformation

AVI Polymers announced Thursday that its promoters are planning to acquire up to 5% of the company's equity through open market transactions. The initiative, conveyed to the board of directors, underscores the promoters' belief in the company's long-term potential.

Chintan Patel, Managing Director of AVI Polymers, highlighted that increasing promoter shareholding aligns with the firm's transformation into a technology-driven entity. The company has reported substantial financial growth, achieving a revenue of Rs 312 crore and recording a multi-fold increase in net profit for FY26.

The acquisition plans coincide with AVI Polymers' strategic shift towards becoming a high-growth enterprise, supported by its AI-led subsidiaries, KrishiBuddy and AVI Health AI.

(With inputs from agencies.)