On July 26, 2023, AVI Products India Limited closed the transaction. The company issued 843,200 equity shares having face value of INR 10 per share issued at a price of INR 31 for aggregate gross proceeds of INR 26,139,20. The transaction included participation from individual investors, Avinash Dhirajlal Vora for 6.96% stake, Daksha Avinash Vora for 4.59% stake, Vikram Avinash Vora for 5.62% stake, Parth Avinash Vora for 5.68% stake, Leena Jyotindu Vora for 0.58% stake, Mrs Darshan Ratra for 0.29% stake, Aashutosh Sharma for 0.88% stake, Chirag Pravin Gada for 0.29% stake, Hemali Hemal Chitalia for 0.29% stake, Renu Parag Shah for 1.60% stake, Tapan Haresh Sanghavi for 0.29% stake, Mahesh Kantilal Shavdia for 0.58% stake, Nayana Pramod Goradia for 2.92% stake, Yash Mukesh Gandhi for 1.17% stake, Jitin Jaysukh Doshi for 0.29% stake, Yashika Jitin Doshi for 0.29% stake, Abdul Hakeem T for 0.29% stake, Bindiya Chetan Shah for 0.29% stake, Arvind Rampuria for 0.29% stake, Pradnya Ashok Gite for 0.47% stake, Ashish Kapur for 0.29% stake, Meet Sandeep Jangla for 0.58% stake, Kirtikumar Navnitrai Mehta for 0.29% stake, Darshana Ranjay Patil for 0.11% stake, Mayuresh Ranjay Patil for 0.11% stake, Rahul Manakchand Jain for 0.58% stake, Himanshu Oza for 1.46% stake, Meena Mukesh Parekh for 0.29% stake, Pankaj Kantilal Vora for 4.38% stake, Kutubuddin Ahmed Munshi for 0.29% stake, Anuj Agarwal for 0.29% stake, Chanabasappa Parameshetty Niranjan for 0.29% stake, K Krishna Murthy Reddy for 0.29% stake, Chirag Babulal Shah for 0.29% stake, Joshi Viraaj Pradeep for 2.10% stake, Harshit Sunil Shah for 5.68% stake, Pratim Vishal Raut for 5.68% stake.

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.