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Avro India MD, chairman, board of directors and AGM

NSE: AVROINDBSE: 543512Consumer DurablesSmall Cap

Formerly Avon Moldplast
Last close ₹5.52up ₹0.04 (0.73%)BSE ₹5.46

Share price at the NSE close on 23 Oct 2026. Previous close ₹5.48.

52-week range of traded prices to 23 Oct 2026
₹4.10Low, 14 Oct 2026₹15.87High, 16 Jan 2026
Market cap
₹74 Cr2,556th largest listed
P/E
17.5
P/B
0.8
Dividend yield
Nonein the last 12 months
ROE
4.9%
ROCE
−2.2%
Debt to equity
0.20
Volume, NSE
1,14,67379.2% delivered

Avro India board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSushil Kumar AggarwalRelated to the promoter
  • Managing directorSahil Aggarwal
  • Company Secretary and Compliance OfficerSumit Bansal

8 directors4 independent3 executive1 non-executive

  • Sushil Kumar Aggarwal · ChairpersonExecutive · joined Sep 2002 · 1 listed board
  • Sahil Aggarwal · Managing directorExecutive · joined Dec 2009 · 1 listed board
  • Anita AggarwalNon-executive · joined Dec 2017 · 1 listed board
  • Nikhil AggarwalExecutive · joined Apr 2022 · 1 listed board
  • Pawan DixitIndependent · joined Feb 2022 · 52 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Mukul JainIndependent · joined Nov 2024 · 19 months as independent · 4 listed boards · 4 as independent · 3 committee seats, 2 as chair
  • Sushil Kumar GoyalIndependent · joined Aug 2022 · 46 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Nimisha Rohit AgarwalIndependent · joined Jan 2026 · 5 months as independent · 2 listed boards · 2 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

3 directors who left
  • Richa Kathuria (earlier known as Richa Kalra), left 20 Dec 2025: Others
  • Sunil Duggal, left 26 Sep 2025: Others
  • Vandana Gupta, left 10 Oct 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 6 Jun 20267 of 8 present3 independent · 6 days in between
    • 30 May 20267 of 8 present4 independent · 38 days in between
    • 21 Apr 20268 of 8 present3 independent · 2 days in between
    • 18 Apr 20267 of 8 present3 independent · 23 days in between
    5 earlier meetings
    • 25 Mar 20267 of 8 present3 independent · 18 days in between
    • 6 Mar 20268 of 8 present4 independent · 19 days in between
    • 14 Feb 20268 of 8 present4 independent · 21 days in between
    • 23 Jan 20268 of 8 present4 independent · 20 days in between
    • 2 Jan 20268 of 8 present4 independent

  • Audit Committee

    Chair Pawan Dixit

    Sushil Kumar Goyal, Nimisha Rohit Agarwal

    • 6 Jun 20262 of 3 present2 independent · 6 days in between
    • 30 May 20263 of 3 present3 independent · 41 days in between
    • 18 Apr 20262 of 3 present2 independent · 23 days in between
    • 25 Mar 20263 of 3 present3 independent · 18 days in between
    4 earlier meetings
    • 6 Mar 20263 of 3 present3 independent · 19 days in between
    • 14 Feb 20263 of 3 present3 independent · 21 days in between
    • 23 Jan 20263 of 3 present3 independent · 20 days in between
    • 2 Jan 20262 of 2 present2 independent

  • Nomination and remuneration committee

    Chair Pawan Dixit

    Sushil Kumar Goyal, Nimisha Rohit Agarwal

    • 2 Jan 20262 of 2 present2 independent

  • Stakeholders Relationship Committee

    Chair Pawan Dixit

    Sushil Kumar Goyal, Nimisha Rohit Agarwal

    • 30 May 20263 of 3 present3 independent · 104 days in between
    • 14 Feb 20263 of 3 present3 independent · 42 days in between

  • Corporate Social Responsibility Committee

    Chair Sushil Kumar Goyal

    Pawan Dixit, Mukul Jain

    • 2 Jan 20263 of 3 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S A A R K AND COPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Avro India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Avro India share news and announcements

Annual general meeting, 30 Sep 2026

10,326 shareholders on the register on 23 Sep 2026; present: 5 promoters and 35 others; votes counted by Lalit Chaturvedi / Chaturvedi and Company.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company.
    OrdinaryPromoters have an interest in it
    80.58% for19.42% against

    Against: promoters 0.00% · institutions 100.00% · other public 65.92%

    Turnout: all 51.76% · promoters 74.16% · institutions 92.37% · other public 14.33%

  2. Appointment of Mrs. Anita Aggarwal (DIN: 002548972), Director, who retires by rotation and being eligible offers herself for re-appointment.
    Ordinary
    69.63% for30.37% against

    Against: promoters 0.00% · institutions 100.00% · other public 65.92%

    Turnout: all 33.09% · promoters 39.35% · institutions 92.37% · other public 14.33%

  3. To change the designation of Mr. Sahil Aggarwal (DIN: 02515025) from Managing Director to Whole Time Director
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 49.59% · promoters 70.11% · institutions 92.37% · other public 14.33%

  4. To change the designation of Mr. Nikhil Aggarwal (DIN: 03599964) from Whole Time Director to Managing Director
    Special
    79.73% for20.27% against

    Against: promoters 0.00% · institutions 100.00% · other public 65.92%

    Turnout: all 49.59% · promoters 70.11% · institutions 92.37% · other public 14.33%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 30 Jun 2026, 1 resolution

9,427 shareholders on the register on 23 Jun 2026; present: 4 promoters and 35 others; votes counted by Lalit Chaturvedi / Chaturvedi & Company.The company's voting result (opens in a new tab)

  1. To Sell the substantial part of the Plant & machineries of Company to M/s Avro Recycling Limited
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 37.80% · promoters 70.38% · institutions 0.00% · other public 0.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 18 Apr 2026, 3 resolutions

6,673 shareholders on the register on 11 Apr 2026; present: 4 promoters and 28 others; votes counted by Lalit Chaturvedi / Chaturvedi & Company.The company's voting result (opens in a new tab)

  1. To Adopt the new set of Articles of Association of Company in accordance with Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 40.56% · promoters 73.61% · institutions 0.00% · other public 1.95%

  2. To Consider and Approve the Sub-division/Split of equity shares of the Company from face value of Rs. 10/- per equity share to face value of Rs.1 per equity share.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 40.56% · promoters 73.61% · institutions 0.00% · other public 1.95%

  3. To Consider and Approve the alteration of capital clause of memorandum of association of the Company upon Sub-division/Stock Split.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 40.56% · promoters 73.61% · institutions 0.00% · other public 1.95%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 30 Mar 2026, 1 resolution

6,520 shareholders on the register on 23 Mar 2026; present: 4 promoters and 27 others; votes counted by Lalit Chaturvedi / Chaturvedi & Company.The company's voting result (opens in a new tab)

  1. To Ratify the material related party transaction pertaining to personal guarantees given by Mr. Sushil Kumar Aggarwal, Mrs. Anita Aggarwal, Mr. Sahil Aggarwal, Mr. Nikhil Aggarwal, Sushil Kumar Aggarwal HUF, Sahil Aggarwal HUF and Nikhil Aggarwal HUF to IDFC First Bank Limited on behalf of the Company for Rupees Twenty-One Crores and Eight Lakhs.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.40% · promoters 0.00% · institutions 0.00% · other public 1.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 4 Feb 2026, 4 resolutions

6,463 shareholders on the register on 28 Jan 2026; present: 4 promoters and 37 others; votes counted by Lalit Chaturvedi / Chaturvedi & Company.The company's voting result (opens in a new tab)

  1. To Appoint Mrs. Nimisha Rohit Agarwal (DIN: 11442309) as a Woman Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 38.29% · promoters 69.56% · institutions 0.00% · other public 1.75%

  2. TO INCREASE THE REMUNERATION OF MR. SUSHIL KUMAR AGGARWAL (DIN: 00248707), CHAIRMAN & WHOLE TIME DIRECTOR FROM RUPEES ONE LAKH TO RUPEES ONE LAKH TWENTY-FIVE THOUSAND.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.68% · promoters 0.00% · institutions 0.00% · other public 1.75%

  3. TO INCREASE THE REMUNERATION OF MR. SAHIL AGGARWAL (DIN: 02515025), MANAGING DIRECTOR FROM RUPEES ONE LAKH TO RUPEES ONE LAKH TWENTY-FIVE THOUSAND.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.68% · promoters 0.00% · institutions 0.00% · other public 1.75%

  4. TO INCREASE THE REMUNERATION OF MR. NIKHIL AGGARWAL (DIN: 03599964), WHOLE TIME DIRECTOR FROM RUPEES SEVENTY-FIVE THOUSAND TO ONE LAKH TWENTY-FIVE THOUSAND.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.68% · promoters 0.00% · institutions 0.00% · other public 1.75%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 3 resolutions

6,561 shareholders on the register on 23 Sep 2025; present: 2 promoters and 35 others; votes counted by Lalit Chaturvedi / Chaturvedi & Company.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 39.88% · promoters 73.61% · institutions 0.00% · other public 0.20%

  2. Appointment of Mr. Nikhil Aggarwal (DIN: 03599964), Whole Time Director, who retires by rotation and being eligible offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 16.15% · promoters 29.72% · institutions 0.00% · other public 0.20%

  3. Appointment of M/s Chaturvedi & Company as a Secretarial Auditor of the Company for a period of five years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 39.88% · promoters 73.61% · institutions 0.00% · other public 0.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 19 Jan 2025, 2 resolutions

7,111 shareholders on the register on 12 Jan 2025; present: 4 promoters and 30 others; votes counted by Lalit Chaturvedi / Chaturvedi & Company.The company's voting result (opens in a new tab)

  1. To Approve the issuance of equity shares to Non-Promoters on a Preferential basis
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.54% · promoters 73.61% · institutions 0.00% · other public 0.59%

  2. To Conisder and Approve the issuance of Warrants to Promoter Group on a preferential basis.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.54% · promoters 73.61% · institutions 0.00% · other public 0.59%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 8 Jan 2025, 3 resolutions

7,152 shareholders on the register on 1 Jan 2025; present: 4 promoters and 28 others; votes counted by Lalit Chaturvedi / Chaturvedi & Company.The company's voting result (opens in a new tab)

  1. To Appoint Mr. Mukul Jain (DIN: 07187651) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.53% · promoters 72.79% · institutions 0.00% · other public 2.21%

  2. To Consider and Approve the altearion in Articles of Association by substituting Clause 12
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.53% · promoters 72.79% · institutions 0.00% · other public 2.21%

  3. To Appoint Mr. Sunil Duggal (DIN: 07291685) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.53% · promoters 72.79% · institutions 0.00% · other public 2.21%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeCentury Mouldings Pvt. Ltd. & Moonstar FurnituresSince 21 Jan 2020
    The matter is pending before Hon'ble High Court of Gujarat. The Company is not persuing the matter.
    At the filing before: The matter titled as Anita Aggarwal vs Century Mouldings Pvt. Ltd & Moonstar Furnitures was filed by Ms. Anita Aggarwal, Non-Executive Director of the Company through Power of Attorney under Order 39 rule 1 & 2 read with Section 151 of the Code of Civil Procedure, 1907 for temporary Injunction against M/s Century Mouldings Pvt. Ltd and Moonstar Furnitures with respect to infringement of Design no. 286049 in district Court of Surat on January 21, 2020. The damage of Rs. 25,00,000 was claimed. On 26.03.2021, the matter was transferred to Hon'ble High Court of Gujarat.MoreLess
  • Tax disputeNatasha EnterprisesSince 22 Jan 2024
    The matter is pending for filing of written statement by defendant. The next date of hearing is August 13, 2026.
    At the filing before: The legal notice dated December 20, 2022 was sent to Mr. Nitish Gupta, Partner of M/s Natasha Enterprises for non-payment of outstanding dues. But, he failed to pay the outstanding dues within thirty days of the date of notice. Therefore, the Company has filed mediation application before District Legal Services Authority, Ghaziabad on July 27, 2023. The Non-Starter report was issued in the matter on 11.12.2023. Thereafter, the commercial suit was filed against Natasha Enterprises before commercial court, Gautam Buddha Nagar on 22.01.2024. The next date of hearing is 28.05.2024.MoreLess
  • Tax disputeD.S. EnterprisesSince 22 Jan 2024
    The Court has disposed off the matter vide its order dated March 19, 2025. The Company has filed application for restoration of original petition on April 23, 2025 before Commercial Court, Gautam Buddha Nagar. The matter is listed for ex-party evidence. The next date of hearing is August 24, 2026.MoreLess
    At the filing before: The legal notice dated 21.09.2023 was sent to Ms. Shabanam Parveen, proprietor of M/s D.S. Enterprises for non-payment of outstanding dues of Rs. 16,03,792.78. But, she did not pay the dues. Therefore, prelitigation mediation application was filed by Company before District Legal Services Authority, Ghaziabad on 10.11.2023. The non-starter report was issued in the matter on 02.01.2024. Thereafter, the Company had filed Commercial suit before Commercial court, Gautam Buddha Nagar on 22.01.2024. The next date of hearing is The legal notice dated 21.09.2023 was sent to Ms. Shabanam Parveen, proprietor of M/s D.S. Enterprises for non-payment of outstanding dues of Rs. 16,03,792.78. But, she did not pay the dues. Therefore, prelitigation mediation application was filed by Company before District Legal Services Authority, Ghaziabad on 10.11.2023. The non-starter report was issued in the matter on 02.01.2024. Thereafter, the Company had filed Commercial suit before Commercial court, Gautam Buddha Nagar on 22.01.2024. The next date of hearing is 28.05.2024.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesApr 20261.01Purchase of new machines for capacity expansion in both plastic furniture and recycling7.000.00No
Audit committee: The Company has received balance amount of Rs. 101.25 lakhs upon conversion of 106090 warrants into 106090 equity shares and amount of Rs. 13499985.32 was forfeited due to non-receipt of balance amount and therefore 4,24,361 warrants were lapsed.MoreLess
Preferential IssuesApr 20261.01Meeting working capital requirements5.000.10No
Audit committee: The Company has received balance amount of Rs. 101.25 lakhs upon conversion of 106090 warrants into 106090 equity shares and amount of Rs. 13499985.32 was forfeited due to non-receipt of balance amount and therefore 4,24,361 warrants were lapsed.MoreLess
Preferential IssuesApr 20261.01Enhancing Brand visibility2.000.22No
Audit committee: The Company has received balance amount of Rs. 101.25 lakhs upon conversion of 106090 warrants into 106090 equity shares and amount of Rs. 13499985.32 was forfeited due to non-receipt of balance amount and therefore 4,24,361 warrants were lapsed.MoreLess
Preferential IssuesApr 20261.01General corporate purposes1.000.00No
Audit committee: The Company has received balance amount of Rs. 101.25 lakhs upon conversion of 106090 warrants into 106090 equity shares and amount of Rs. 13499985.32 was forfeited due to non-receipt of balance amount and therefore 4,24,361 warrants were lapsed.MoreLess
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.