Penny Stock Under Rs 50: Stock Jumps 5% On Promoter Group Plan to Acquire Up to 5% Stake from Open Market

Penny Stock Under Rs 50: Avi Polymers share price ended 5% higher on Wednesday, April 29, after the speciality chemical stock announced its promoter group plan to acquire stake. The company, on Wednesday, announced that its promoter and promoter group intend to acquire up to 5 per cent of the total paid-up equity share capital through open market transactions.

AVI Polymers reported a sharp turnaround in FY26, saying revenue jumped to Rs 3,312.11 crore and net profit grew 25 times, while the balance sheet turned fully debt-free. After the update, AVI Polymers' share price climbed 4.97 per cent to Rs 19.02, even as broader Indian markets traded firm.

The company also outlined an aggressive equity plan. AVI Polymers informed stock exchanges that the promoter and promoter group intend to buy up to 5 per cent of the company's total paid-up equity share capital from the open market in phases over the coming months, signalling confidence in long-term prospects.

AVI Polymers promoter plan and FY26 revenue surge

According to the filing, AVI Polymers said the planned stake increase will follow the creeping acquisition rules under SEBI takeover regulations and comply with all insider trading requirements. Management stated that the proposed purchases are based on conviction about the company's strategic direction, underlying business strength and perceived intrinsic value at current market levels.

AVI Polymers highlighted major shifts in its financial position during FY26. Revenue rose 4,854 times to Rs 3,312.11 crore, supported by growth in both legacy operations and newer technology units. Net profit increased 25 times over the previous year, while net worth expanded to Rs 115.99 crore, with the company declaring itself 100 per cent debt-free.

AVI Polymers said improved confidence also stems from progress within its technology-focused subsidiaries. The company cited successful operational launches of wholly owned artificial intelligence units KrishiBuddy and AVI Health AI. These platforms are intended to support precision agriculture, AI-based health diagnostics and enterprise automation, adding new income streams beyond the traditional polymer products business.

Describing its evolving model, AVI Polymers explained that it remains active in manufacturing and trading polymer-based products while expanding into technology-led services. The group aims to build a multi-vertical growth platform with presence in industrial materials, agritech intelligence and healthcare AI solutions, using its subsidiaries to scale digital offerings alongside established manufacturing operations.

Management indicated that the promoter accumulation plan, the strong FY26 revenue print, the debt-free status and the performance of KrishiBuddy and AVI Health AI together form the basis for the current strategy. With the broader Indian market supporting micro-cap activity, AVI Polymers is positioning its balance sheet and ownership structure for long-term growth.