Avro India Limited has officially approved the allotment of 1,06,090 equity shares following the exercise of convertible warrants by non-promoter holders. This action resulted from an earlier issuance of 5,30,451 warrants on a preferential basis, where holders paid the remaining 75% of the issue price to complete the conversion. Consequently, the company’s paid-up equity share capital has increased from ₹13.31 Crores to ₹13.41 Crores.

Detailed records show that four specific allottees—Charuben Yogesh Ajmera, Santosh Kumar Pandey, Duggal Suresh Zunzunwala, and Sunil—successfully converted their warrants at an issue price of ₹127.25 per share. However, the company also reported that 4,24,361 warrants lapsed as the balance payments were not received within the mandatory 18-month period. As a result, the 25% upfront subscription money previously paid for these lapsed warrants has been forfeited by the company.

Avro India Limited is a prominent manufacturer of plastic molded furniture, operating under the established brand names “AVON” and “AVRO” since 2002. Based in Ghaziabad, Uttar Pradesh, the company utilizes imported machinery to produce a wide range of products, including chairs, tables, and newer additions like plastic cabinets and shoe racks launched in FY 2025. The company has demonstrated consistent growth, increasing its market share over the last five years while maintaining a stable promoter holding of approximately 54.07%.

For the quarter ended December 31, 2025, the company reported a revenue of ₹24.29 Crores, marking a slight increase of 0.93% compared to the same period in 2024. The net income for this period stood at ₹1.07 Crores, representing a 2.99% growth over the previous year. Notably, the company attracts interest from institutional investors; as of December 2025, Foreign Institutional Investors (FIIs) like the Nav Capital VCC – Nav Capital Emerging Star Fund held a 6.41% stake in the company. Additionally, individual investors like Nksquared held approximately 5.06% of the company’s shares during the same period.