AVP Infracon

AVP Infracon closed its qualified institutions placement on 13 October 2026 and allocated 44,24,000 equity shares at Rs56.50 each, aggregating about Rs25 crore, against a floor price of Rs56.23. The issue had opened on 9 October, the placement document dated 13 October was adopted, and allocation notes were finalised for eligible buyers at a board meeting held that afternoon. The board had approved a QIP of up to Rs25 crore in August, with shareholder approval secured at the 24 September annual general meeting. Consolidated revenue was about Rs441 crore in FY26, with road EPC accounting for about nine-tenths of the mix. Consolidated debt stood at about Rs234 crore, with a Rs140 crore cash-credit facility fully drawn. The company had allotted Rs30 crore of 12% two-year non-convertible debentures in August.

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AVP Infracon's board approved the preliminary placement document dated 9 October 2026 and opened its qualified institutions placement on the same day and fixed the floor price at Rs56.50 per share. The opening followed board approval on 31 August for a placement of up to Rs25 crore and a shareholder resolution passed at the 24 September annual general meeting. The trading window for designated persons remained closed from 9 October to 14 October in connection with the issue. AVP Infracon derived about 90% of its FY26 consolidated revenue of roughly Rs441 crore from road EPC work concentrated in Tamil Nadu, with the balance from trading. Consolidated debt stood at about Rs234 crore, and the company allotted Rs30 crore of two-year 12% non-convertible debentures in late August.

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Oct 9 (Reuters) - AVP Infracon Ltd AVPI.NS:

• AVP INFRACON - BOARD APPROVES FLOOR PRICE OF 56.50 RUPEES FOR QIP ISSUE

Source text: ID:nNSE5V3dlL

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AVP Infracon's board approved a qualified institutions placement of up to ₹25 crore in equity shares or equity-linked securities, subject to shareholder and regulatory approvals. The issue could be made in one or more tranches, with pricing set within applicable legal limits. The board also scheduled the company's 17th annual general meeting for 24 September 2026, to be held by video conference. AVP Infracon had placed ₹30 crore of two-year NCDs at a 12% annual coupon in August. Consolidated revenue was about ₹441 crore in FY26, while consolidated borrowings stood at roughly ₹234 crore.

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AVP Infracon allotted 30,000 secured redeemable non-convertible debentures with a face value of ₹10,000 each, raising ₹30 crore through a private placement on August 28, 2026. The two-year instruments carry a 12% annual coupon payable monthly and are proposed to be listed on the NSE EBP platform; principal will be repaid in four 25% instalments from the 15th to the 24th month. The security terms required an initial pledge of promoter shares valued at ₹30 crore and provided for an exclusive charge over two Tiruppur land parcels valued at ₹17.42 crore, with a stipulated security cover of 1.24 times after the transition. The company had reported consolidated borrowings of about ₹234 crore against FY26 revenue of roughly ₹441 crore, with receivables of around ₹160 crore and negative operating cash flow for three years.

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March 9 (Reuters) - AVP Infracon Ltd AVPI.NS:

• GETS ORDER WORTH ABOUT 762.6 MILLION RUPEES

Source text: ID:nNSEbhjRJ0

Further company coverage: AVPI.NS

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June 23 (Reuters) - AVP Infracon Ltd AVPI.NS:

• AVP INFRACON LTD - SECURES 333.4 MILLION RUPEES ORDER FROM RELIANCE MAPPEDU

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** Shares of infrastructure development co AVP Infracon AVPI.NS up 5.8% to 180 rupees
** Co gets infrastructure project worth 162.3 mln rupees ($1.9 mln) for road over bridge construction in India's southern state of Tamil Nadu
** AVPI trims YTD losses to ~14%

($1 = 85.5140 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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March 18 (Reuters) - AVP Infracon Ltd AVPI.NS:

• GOT ORDER WORTH 210 MILLION RUPEES

Source text: [ID:]

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Feb 17 (Reuters) - AVP Infracon Ltd AVPI.NS:

• GETS ORDER WORTH 865.4 MILLION RUPEES

Source text: ID:nNSEbPMzmh

Further company coverage: AVPI.NS

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Nov 19 (Reuters) - AVP Infracon Ltd AVPI.NS:

• BAGGED SUB-CONTRACT FROM CDR & CO CONSTRUCTIONS

• GETS SUB-CONTRACT PART OF WORK AT 331.9 MILLION RUPEES

Source text: ID:nNSE3WQwNC

Further company coverage: AVPI.NS

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Nov 8 (Reuters) - AVP Infracon Ltd AVPI.NS:

• AVP INFRACON LTD - GETS 170 MILLION RUPEES CONTRACT FROM DRDA

Source text: ID:nNSEf1kST

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Aug 29 (Reuters) - AVP Infracon Ltd AVPI.NS:

• SECURES MAJOR SUB-CONTRACT AGREEMENTS IN TAMIL NADU

• GETS SUB-CONTRACTS WORTH 708 MILLION RUPEES

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April 1 (Reuters) - AVP Infracon Ltd AVPI.NS:

• AVP INFRACON LTD - AVP INFRACON SECURES MAJOR NHAI CONTRACTS IN TAMIL NADU

• AVP INFRACON LTD - CONTRACT VALUED AT 339.3 MILLION RUPEES

Source text for Eikon: ID:nNSESZ1qX

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