Multibagger Penny Stock Under Rs 20 Hits 5% Upper Circuit; Company Announces Board Meeting, Dividend Plan and Strategic Expansion

DSIJ Intelligence/ 20 Apr 2026 /Categories: Mindshare, Trending

Multibagger Penny Stock Under Rs 20 Hits 5% Upper Circuit; Company Announces Board Meeting, Dividend Plan and Strategic Expansion

AVI Polymers hits upper circuit for fourth straight session; board to consider results, dividend and healthcare tech expansion

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On Monday, Indian markets traded on a positive note, with the Nifty 50 rising 0.24 per cent to 24,411.30, up 57.75 points from the previous close of 24,353.55. Amid this, AVI Polymers share price was trading at Rs 13.54 as of 1:59 PM, up 4.96 per cent from the previous close of Rs 12.90. The stock has hit its Upper Circuit for the fourth consecutive session.

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AVI Polymers Key Developments

AVI Polymers Limited has informed the exchanges that a meeting of its Board of Directors is scheduled to be held on April 27, 2026. The board will consider and approve the audited financial results for the quarter and financial year ended March 31, 2026.

The board will also consider a proposal for declaration of Dividend of up to 50 per cent on the paid-up equity share capital for FY26, subject to shareholder approval at the ensuing Annual General Meeting. Further, the company will consider approval of a strategic expansion into the healthcare technology sector through its subsidiary, AVI AI Technologies, as part of its planned diversification into a digital ecosystem.

AVI Polymers Shareholding Pattern

On a QoQ basis, promoter holding declined sharply to 1.10 per cent in March 2026 from 25.19 per cent in December 2025. Public shareholding increased significantly to 98.91 per cent, compared to 74.81 per cent in the previous quarter. The number of shareholders rose to 8,718 in March 2026, up from 7,858 in December 2025

About Avi Polymers

Avi Polymers Limited is engaged in the manufacturing and trading of polymer and plastic-based products, catering to various industrial applications. Over time, the company has been exploring diversification opportunities beyond its core business to drive future growth.

Through its wholly owned subsidiary, AVI Eco Spark Private Limited, the company has entered the agritech space, focusing on artificial intelligence and IoT-based solutions for agriculture. This strategic shift reflects its intent to build scalable, technology-driven business models alongside its traditional operations.