Penny Stock Under Rs 20 Hits 5% Upper Circuit as Company Announces Promoter Group Plan to Acquire Up to 5% Stake from Open Market

DSIJ Intelligence/ 29 Apr 2026 /Categories: Mindshare, Trending

Penny Stock Under Rs 20 Hits 5% Upper Circuit as Company Announces Promoter Group Plan to Acquire Up to 5% Stake from Open Market

AVI Polymers Turns Debt-Free, Reports Rs 3,312 Crore FY26 Revenue and 25x Profit Expansion; Promoters Signal Strong Long-Term Confidence

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Indian equity markets traded on a positive note on Wednesday, with the Nifty 50 index rising by 206.70 points or 0.86 per cent to 24,202.40 during the session. Despite the benchmark indices trading in the green, stock-specific action continued in select micro-cap counters, with broader markets also remaining firm. With the Nifty Smallcap 250 index gaining 92.90 points or 0.56 per cent, AVI Polymers' share price surged 4.97 per cent to Rs 19.02 after the company 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.

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AVI Polymers Promoter Group Plans Up to 5 per cent Open Market Acquisition

AVI Polymers informed the stock exchanges that it has received official intimation from the promoter and promoter group communicating their intention to acquire up to 5 per cent of the total paid-up equity share capital of the company through phased open market purchases over the coming months.

The company stated that the proposed acquisition reflects management’s conviction in the company’s long-term strategic direction and intrinsic value. The purchases will be executed in compliance with the creeping acquisition limits prescribed under SEBI takeover regulations and all applicable insider trading norms.

AVI Polymers Financial Highlights

The company further highlighted that it delivered a 4,854 times surge in FY26 revenue to Rs 3,312.11 crore and a 25 times expansion in net profit. AVI Polymers also stated that its balance sheet is now 100 per cent debt-free, while net worth has expanded to Rs 115.99 crore. It also cited successful operational launches of its wholly owned AI subsidiaries KrishiBuddy and AVI Health AI as a key confidence factor behind the promoter accumulation plan.

About AVI Polymers

AVI Polymers Ltd is engaged in the manufacturing and trading of polymer based products and has recently diversified into technology-led businesses through artificial intelligence focused subsidiaries. The company is positioning itself as a multi-vertical growth platform with interests spanning industrial materials, agritech intelligence and healthcare AI solutions.

Through its wholly owned subsidiaries including KrishiBuddy and AVI Health AI, the company has entered emerging digital businesses aimed at precision agriculture support, AI enabled health diagnostics and enterprise automation applications, alongside maintaining its legacy polymer operations.