Specialty Chemical Stock Gets Green Signal From BSE For Rights Issue; Q3 Numbers Out Too

The stock exchanges have been notified by AVI Polymers Limited that BSE Limited has given it in-principle permission for its scheduled Rights Issue of fully paid-up equity shares. According to AVI Polymers, the BSE has granted the company permission to use BSE Limited as the name in the Letter of Offer for the scheduled Rights Issue.

Key procedural conditions that AVI Polymers must meet before resolving the Rights Issue have also been established by the exchange. These include announcing the issue price of the rights shares at least three working days before the record date and setting a record date with at least three working days' notice to the exchange.

Furthermore, subject to the fulfillment of post-issue procedures, the BSE has given in-principle permission for the listing of the equity shares that are scheduled to be offered on a rights basis. In order to discuss and approve the short term of the rights issue, including the equity shares to be offered through the issue, the issue price per equity share, the right entitlement ratio, the terms of payment, etc., as well as the record date, timing, and other matters incidental or connected therewith, the Company's Board of Directors will meet on Thursday, February 05, 2026.

"Further, in accordance with the Company's Code of Conduct for Prevention of Insider Trading, the Company has intimated its "directors, designated persons and their immediate relatives' regarding the closure of the Trading Window for trading in the Company's equity shares from February 02, 2026 till the expiry of 48 hours after the conclusion of the board meeting," said the company in a BSE statement.

A noteworthy operational turnaround was recorded in Q3 FY26 by AVI Polymers Ltd (BSE: 539288), a specialty chemicals firm that deals in the wholesale selling of chemical products. For AVI, the December 2025 quarter represents a significant comeback. In Q3FY26, which ended on December 31st, the company recorded a net profit of Rs. 7.02 crore, up 206% from Q2FY26's net profit of Rs. 2.29 crore. In comparison to Q2FY26's sales of Rs. 29.50 crore, the micro-cap firm recorded revenue from operations of Rs. 132.32 crore in Q3FY26, indicating a robust 348% rise on a QoQ basis.

The firm recorded a net profit of Rs. 10.09 crore and revenue from operations of Rs. 161.82 crore during the first nine months of FY25-26. The Board of Directors has authorized the issuance of equity shares with a face value of Rs 10.00 apiece in order to raise up to Rs 90.00 crore via a rights issue.

AVI Polymers' shareholders approved raising the authorized share capital from Rs. 6.5 crore to Rs. 100 crore during the Extra Ordinary General Meeting on December 11, 2025. In addition to increasing the number of equity shares from 65 lakh to 10 crore, the approved revamp keeps the face value of each share at Rs. 10 and raises the company's authorized share capital to Rs. 100 crore.

As of February 3, 2026 (15:30 IST), the share price of AVI Polymers Ltd. is Rs 18.86. The stock closed at its day high and reached its upper circuit limit after rising 4.95% throughout the trading session. The stock has an earnings per share (EPS) of Rs 7.46 and a price-to-earnings (P/E) ratio of around 2.53. The share price has ranged from a low of Rs 9.89 to a high of Rs 34.57 during the past 52 weeks.