Avro India MD, chairman and AGM
NSE: AVROINDBSE: 543512Consumer DurablesSmall Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹5.59.
30 Oct: open ₹5.79, high ₹5.80, low ₹5.37
- Under NSE's short-term additional surveillance, stage II, on the list for 30 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹76 Cr2,556th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 17.82
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.84
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it, the company's own balance sheet from before it began consolidating; the two agree where both are first on record.
- 4.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −2.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.20
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 45,37870.4% delivered
Avro India's chairperson is Sushil Kumar Aggarwal and its managing director Nikhil Aggarwal, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 30 Sep 2026.
Avro India board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonSushil Kumar AggarwalRelated to the promoter
- Managing directorNikhil Aggarwal
- Company Secretary and Compliance OfficerSumit Bansal
8 directors4 independent3 executive1 non-executive
- Sushil Kumar Aggarwal · ChairpersonExecutive · joined Sep 2002 · 1 listed board
- Sahil AggarwalExecutive · joined Dec 2009 · 1 listed board
- Anita AggarwalNon-executive · joined Dec 2017 · 1 listed board
- Nikhil Aggarwal · Managing directorExecutive · joined Apr 2022 · 1 listed board
- Pawan DixitIndependent · joined Feb 2022 · 55 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Mukul JainIndependent · joined Nov 2024 · 22 months as independent · 4 listed boards · 4 as independent · 3 committee seats, 2 as chair
- Sushil Kumar GoyalIndependent · joined Aug 2022 · 49 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Nimisha Rohit AgarwalIndependent · joined Jan 2026 · 8 months as independent · 3 listed boards · 3 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
- 4 Sep 20268 of 8 present4 independent · 20 days in between
- 14 Aug 20267 of 8 present3 independent · 68 days in between
- 6 Jun 20267 of 8 present3 independent · 6 days in between
- 30 May 20267 of 8 present4 independent · 38 days in between
2 earlier meetings
- 21 Apr 20268 of 8 present3 independent · 2 days in between
- 18 Apr 20267 of 8 present3 independent
Audit Committee
Chair Pawan Dixit
Sushil Kumar Goyal, Nimisha Rohit Agarwal
- 14 Aug 20263 of 3 present2 independent · 68 days in between
- 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
Nomination and remuneration committee
Chair Pawan Dixit
Sushil Kumar Goyal, Nimisha Rohit Agarwal
- 4 Sep 20263 of 3 present3 independent · 20 days in between
Stakeholders Relationship Committee
Chair Pawan Dixit
Sushil Kumar Goyal, Nimisha Rohit Agarwal
- 14 Aug 20263 of 3 present2 independent · 75 days in between
- 30 May 20263 of 3 present3 independent
Corporate Social Responsibility Committee
Chair Sushil Kumar Goyal
Pawan Dixit, Mukul Jain
No meeting listed in the filing.
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.
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
- Adoption of the Audited Financial Statements of the Company.OrdinaryPromoters have an interest in it80.58% 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%
- Appointment of Mrs. Anita Aggarwal (DIN: 002548972), Director, who retires by rotation and being eligible offers herself for re-appointment.Ordinary69.63% 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%
- To change the designation of Mr. Sahil Aggarwal (DIN: 02515025) from Managing Director to Whole Time DirectorSpecial99.98% 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%
- To change the designation of Mr. Nikhil Aggarwal (DIN: 03599964) from Whole Time Director to Managing DirectorSpecial79.73% 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
- To Sell the substantial part of the Plant & machineries of Company to M/s Avro Recycling LimitedSpecial100.00% 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
- To Adopt the new set of Articles of Association of Company in accordance with Companies Act, 2013Special100.00% 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%
- 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.Ordinary100.00% 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%
- To Consider and Approve the alteration of capital clause of memorandum of association of the Company upon Sub-division/Stock Split.Ordinary100.00% 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
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 it100.00% for0.00% againstAgainst: 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
- To Appoint Mrs. Nimisha Rohit Agarwal (DIN: 11442309) as a Woman Independent Director of the Company.Special100.00% 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%
- 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 it100.00% 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%
- 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 it100.00% 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%
- 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 it100.00% 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
- Adoption of the Audited Financial Statements of the Company.Ordinary100.00% 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%
- Appointment of Mr. Nikhil Aggarwal (DIN: 03599964), Whole Time Director, who retires by rotation and being eligible offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% 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%
- Appointment of M/s Chaturvedi & Company as a Secretarial Auditor of the Company for a period of five years.Ordinary100.00% 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
- To Approve the issuance of equity shares to Non-Promoters on a Preferential basisSpecial100.00% 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%
- To Conisder and Approve the issuance of Warrants to Promoter Group on a preferential basis.Special100.00% 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
- To Appoint Mr. Mukul Jain (DIN: 07187651) as an Independent Director of the CompanySpecial100.00% 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%
- To Consider and Approve the altearion in Articles of Association by substituting Clause 12Special100.00% 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%
- To Appoint Mr. Sunil Duggal (DIN: 07291685) as an Independent Director of the CompanySpecial100.00% 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.
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
- 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
- No
- 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.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesApr 2026 | 1.01 | Purchase of new machines for capacity expansion in both plastic furniture and recycling | 7.00 | 0.00 | No | 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 2026 | 1.01 | Meeting working capital requirements | 5.00 | 0.10 | No | 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 2026 | 1.01 | Enhancing Brand visibility | 2.00 | 0.22 | No | 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 2026 | 1.01 | General corporate purposes | 1.00 | 0.00 | No | 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 |