Aviva Industries Limited's Board approved the allotment of 16,20,000 equity shares on February 18, 2026, through the conversion of fully convertible equity warrants issued to non-promoter investor Rathod Papubhai Babubhai at ₹28 per warrant. This conversion increased the company's paid-up equity capital from ₹22,88,40,000 to ₹24,50,40,000, expanding the total equity shares from 2,28,84,000 to 2,45,04,000 shares of ₹10 face value each.
Aviva Industries Allots 16.20 Lakh Equity Shares Through Warrant Conversion
Aviva Industries Limited announced the successful allotment of 16,20,000 equity shares following the conversion of fully convertible equity warrants, marking a significant expansion in the company's equity base. The Board of Directors approved this allotment during their meeting held on February 18, 2026.
Warrant Conversion Details
The allotted equity shares resulted from the conversion of 16,20,000 fully convertible equity warrants that were originally issued on January 06, 2026. These warrants were allotted to Rathod Papubhai Babubhai at an issue price of ₹28 per warrant on a preferential basis.
Parameter: Details Allottee Name: Rathod Papubhai Babubhai Category: Non-Promoter Shares Allotted: 16,20,000 Issue Price per Warrant: ₹28 Face Value per Share: ₹10
Impact on Share Capital
The warrant conversion has resulted in a substantial increase in Aviva Industries' paid-up equity share capital. The company's equity base has expanded significantly following this allotment.
Capital Structure: Before Allotment After Allotment Paid-up Capital: ₹22,88,40,000 ₹24,50,40,000 Total Equity Shares: 2,28,84,000 2,45,04,000 Face Value per Share: ₹10 ₹10
Board Meeting Proceedings
The Board of Directors convened on February 18, 2026, to deliberate and approve the warrant conversion. The meeting commenced at 05:00 PM and concluded at 05:30 PM, during which the directors considered and approved the allotment in accordance with SEBI regulations.
The company has informed the Bombay Stock Exchange about this development as part of its compliance obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing ensures transparency and keeps stakeholders informed about material corporate actions affecting the company's equity structure.
Aviva Industries Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025, demonstrating significant operational improvement and profitability turnaround. The company, engaged in trading of agriculture products, reported substantial revenue growth and returned to profitability after previous period losses.
Financial Performance Overview
The company's financial performance showed remarkable improvement across key metrics during Q3FY26. Revenue from operations reached ₹1,378.30 lacs, marking a substantial increase from the previous quarter's ₹301.55 lacs and representing a complete turnaround from nil revenue in the corresponding quarter of the previous year.
Financial Metric Q3FY26 Q2FY26 Q3FY25 Revenue from Operations ₹1,378.30 lacs ₹301.55 lacs - Total Expenses ₹1,255.35 lacs ₹284.70 lacs ₹4.87 lacs Profit Before Tax ₹122.95 lacs ₹16.85 lacs (₹4.87 lacs) Net Profit ₹89.07 lacs ₹16.85 lacs (₹4.87 lacs)
Profitability and Tax Management
The company achieved a net profit of ₹89.07 lacs for Q3FY26, compared to a net loss of ₹4.87 lacs in Q3FY25, representing a significant turnaround in profitability. The profit before tax stood at ₹122.95 lacs, with total tax expenses of ₹33.88 lacs, including current tax of ₹33.43 lacs and earlier period tax effect of ₹0.45 lacs.
Nine-Month Performance
For the nine-month period ended December 31, 2025, Aviva Industries reported strong cumulative performance with total revenue of ₹1,679.85 lacs compared to nil revenue in the corresponding previous period. The company achieved a net profit of ₹94.70 lacs for the nine-month period, contrasting sharply with a net loss of ₹6.86 lacs in the previous year.
Nine-Month Metrics FY26 (Apr-Dec) FY25 (Apr-Dec) Total Revenue ₹1,679.85 lacs - Total Expenses ₹1,551.27 lacs ₹6.86 lacs Net Profit/(Loss) ₹94.70 lacs (₹6.86 lacs)
Earnings Per Share and Capital Structure
The company's earnings per share improved significantly to ₹5.94 for Q3FY26 from a loss per share of ₹0.32 in Q3FY25. For the nine-month period, earnings per share reached ₹6.32 compared to a loss per share of ₹0.46 in the previous year. The paid-up equity share capital remained stable at ₹149.90 lacs with a face value of ₹10.00 per share.
Expense Analysis
The company's expense structure reflected its trading operations, with purchases of stock-in-trade constituting the major expense component at ₹1,348.21 lacs for Q3FY26. Changes in inventories showed a favorable impact of ₹145.49 lacs, while legal and professional fees increased to ₹40.01 lacs from ₹23.12 lacs in the previous quarter.
Board Approval and Compliance
The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 28, 2026. The company operates in a single business segment of trading agriculture products and has received a limited review report from statutory auditors S K Bhavsar & Co. as per SEBI regulations.
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