Stock Surges 140% in One Year, Hits 5% Upper Circuit Following 1:10 Stock Split and Additional Bonus Shares.

AVI Polymers Share Price Hits Upper Circuit Amid Board Meeting Announcement

On Friday, 29 May, the share price of AVI Polymers, a listed polymer manufacturer based in Anand, hit a 5% upper circuit of ₹15.21 on the BSE. The company announced that its board of directors will meet on June 4, 2026, to consider a series of proposals aimed at enhancing shareholder value and strengthening the company's future growth roadmap.

Proposals Include Stock Split, Bonus Issue, and Sustainability Expansion

The proposals being considered by the board include a stock split of equity shares up to a 1:10 ratio and a bonus issue of equity shares up to a 10:1 ratio. Alongside these initiatives, AVI Polymers is also evaluating entry into green technology and sustainability-driven sectors, including industrial waste management, advanced material recycling technologies, carbon footprint optimization services, and sustainability consulting.

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The proposed stock split is intended to improve liquidity in the secondary market and make shares more affordable and accessible to a broader base of retail investors. The proposed bonus issue is aimed at rewarding long-term shareholders while encouraging greater participation in the company's future growth plans.

Sustainability Expansion Proposal

AVI Polymers believes that the proposed diversification into sustainability-focused sectors could help create scalable business verticals with significant long-term growth potential. The company is evaluating opportunities in industrial waste management, recycling technologies, carbon optimization services, and sustainability consulting. These initiatives reflect the company's confidence in its long-term business outlook and commitment towards creating sustained shareholder value.

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Management's Comment

Commenting on the development, Chintan Yashwantbhai Patel, Managing Director of AVI Polymers, said that the proposals being considered by the board reflect the company's focus on building a stronger and more future-ready business. Patel added that opportunities in recycling, waste management, and carbon optimization are expected to witness significant growth in the coming years and could strengthen the company's long-term market positioning.

Company Background

Established in 1993, AVI Polymers is engaged in the manufacturing and trading of polymer compounds and specialty chemicals. Over the years, the company has diversified into polymer products, chemical intermediates, and water treatment solutions catering to multiple industries. More recently, it has increased its focus on innovation and new-age technology-led initiatives as part of its long-term growth strategy.