AVI Products India Limited announced a private placement of up to 843,200 equity shares having face value of INR 10 per share issued at a price of INR 26 for aggregate gross proceeds of INR 21,923,200 on July 6, 2023. The transaction included participation from individual investors, Avinash Dhirajlal Vora, Daksha Avinash Vora, Vikram Avinash Vora, Parth Avinash Vora, Leena Jyotindu Vora, Mrs Darshan Ratra, Aashutosh Sharma, Chirag Pravin Gada, Hemali Hemal Chitalia, Renu Parag Shah, Tapan Haresh Sanghavi, Mahesh Kantilal Shavdia, Nayana Pramod Goradia, Yash Mukesh Gandhi, Jitin Jaysukh Doshi, Yashika Jitin Doshi, Abdul Hakeem T, Bindiya Chetan Shah, Arvind Rampuria, Pradnya Ashok Gite, Ashish Kapur, Meet Sandeep Jangla, Kirtikumar Navnitrai Mehta, Darshana Ranjay Patil, Mayuresh Ranjay Patil, Rahul Manakchand Jain, Harshit Sunil Shah, Pratim Vishal Raut, Himanshu Oza, Meena Mukesh Parekh, Pankaj Kantilal Vora, Kutubuddin Ahmed Munshi, Anuj Agarwal, Chanabasappa Parameshetty Niranjan, K Krishna Murthy Reddy, Chirag Babulal Shah, Joshi Viraaj Pradeep. The company will issue shares to promoters and non- promoters of the company on preferential allotment basis in accordance with applicable provisions of the Companies Act, 2013 and the Securities & Exchange Board of India. The transaction has been approved by the board of the directors of the company.

On Julu 19, 2023, the company announced that a meeting of board of directors will be held on July 26, 2023 to approve the transaction.