AVI Products India MD Divests Complete 7.22% Stake Worth ₹78.74 Lakh

AVI Products India Limited has disclosed a significant shareholding change involving its Managing Director, who has completely divested his stake in the company through a substantial transaction on the stock exchange. The transaction was executed pursuant to SEBI regulations governing substantial acquisition and disposal of shares, with comprehensive regulatory documentation filed with BSE Limited.

Official SEBI Disclosure Framework

The transaction has been formally disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Avinash Dhirajlal Vora, Managing Director of AVI Products India Limited, filed the mandatory disclosure with BSE Limited on April 14, 2026, confirming his complete exit from equity shareholding in the company.

Parameter: Details Target Company: AVI Products India Limited Acquirer/Seller: Mr. Avinash Dhirajlal Vora Promoter Group Status: Yes Stock Exchange: BSE Limited BSE Scrip Code: 523896

Transaction Details

The official disclosure reveals the complete sale of equity shareholding by the Managing Director through an open offer mechanism. The transaction represents a total divestment of his promoter group holdings in the company.

Parameter: Details Shares Sold: 2,38,615 equity shares Shareholding Percentage: 7.22% Transaction Value: ₹78,74,295 Transaction Date: April 10, 2026 Exchange: BSE Limited Mode of Sale: Sale under Open Offer through Sale Purchase Agreement Face Value per Share: ₹10

Shareholding Position Changes

The SEBI disclosure document provides detailed information about the shareholding position before and after the transaction, confirming the complete exit of the Managing Director from his equity position.

Position: Before Transaction After Transaction Number of Shares: 2,38,615 0 Percentage Holding: 7.22% 0% Voting Rights: 7.22% 0% Diluted Share Capital %: 7.22% 0%

Company Share Capital Structure

The disclosure confirms AVI Products India Limited's share capital structure, which remained unchanged following the transaction. The company's equity base provides the foundation for calculating the percentage holdings disclosed in the regulatory filing.

Parameter: Details Total Equity Share Capital: ₹3,30,68,020 Total Number of Shares: 33,06,802 equity shares Face Value per Share: ₹10 Diluted Share Capital: ₹3,30,68,020

Regulatory Compliance and Documentation

The transaction has been executed in full compliance with SEBI regulations, with proper documentation submitted to BSE Limited. Mr. Avinash Dhirajlal Vora personally signed and submitted the disclosure from Mumbai, providing his contact details as 101 Aura Sarojini Road Extension, Vile Parle West, Mumbai 400056. The disclosure was addressed to BSE Limited at P.J. Towers, Dalal Street, Fort, Mumbai, and copied to the Company Secretary/Compliance Officer of AVI Products India Limited at their registered office in Vasai (East), Maharashtra.

AVI Products India Limited has announced a significant shareholding change following the complete divestment by a promoter group member. Mrs. Daksha Avinash Vora has sold her entire equity stake in the company through an open market transaction on BSE.

Transaction Details

The sale represents a complete exit by Mrs. Daksha Avinash Vora from her equity position in AVI Products India Limited. The transaction was executed under an open offer through a sale purchase agreement.

Parameter: Details Seller: Mrs. Daksha Avinash Vora (Promoter Group) Shares Sold: 1,57,340 equity shares Face Value per Share: ₹10 Shareholding Percentage: 4.76% Transaction Date: April 10, 2026 Exchange: BSE Limited Mode of Sale: Open Offer through Sale Purchase Agreement

Shareholding Impact

Prior to this transaction, Mrs. Daksha Avinash Vora held 1,57,340 equity shares representing 4.76% of the company's total shareholding. Following the complete sale of her holdings, her shareholding in AVI Products India Limited has been reduced to nil.

Shareholding Status: Before Transaction After Transaction Number of Shares: 1,57,340 0 Percentage Holding: 4.76% 0.00% Category: Promoter Group -

Company Share Capital Structure

The company's equity share capital remains unchanged following this transaction. AVI Products India Limited maintains its total equity share capital structure as detailed below:

Capital Details: Information Total Equity Share Capital: ₹3,30,68,020 Total Number of Shares: 33,06,802 equity shares Face Value per Share: ₹10 Listing Exchange: BSE Limited Scrip Code: 523896

Regulatory Compliance

The disclosure has been made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mrs. Daksha Avinash Vora submitted the required disclosure to BSE Limited on April 14, 2026, providing comprehensive details of the transaction including pre and post-transaction shareholding patterns.

The seller, residing at 101 Aura Sarojini Road Extension, Vile Parle West, Mumbai, has fulfilled all regulatory requirements for the substantial shareholding change disclosure as mandated by securities regulations.

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