Integrated Filing — IndAS



General information about company

Scrip Code 543512
NSE Symbol AVROIND
MSEI Symbol NOTLISTED
ISIN INE652Z01017
Name of company AVRO INDIA LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Based on the guiding principles given in Ind AS 108 Operating Segments, the Company business activity falls within a single operating segment i.e. manufacturing of plastic products and trading of plastic products, plastic granules LLDPE and scraps of plastics.
Start date and time of board meeting 27-May-2025   12:45:00
End date and time of board meeting 27-May-2025   16:50:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-04-14
Indicate Company website link for updated RPT policy of the Company https://avrofurniture.com/pdf1/Policy%20on%20materiality%20of%20related%20party%20transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has not made any default on loans. The company has not issued debt securities.



Financial Results Ind-AS

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 194939000 783248000
Other income 17459000 46003000
Total income 212398000 829251000
2 Expenses
(a) Cost of materials consumed 115013000 486200000
(b) Purchases of stock-in-trade 10291000 66521000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -3280000 -25307000
(d) Employee benefit expense 11104000 31067000
(e) Finance costs 4611000 15976000
(f) Depreciation, depletion and amortisation expense 11965000 39203000
(f) Other Expenses
1 Other Expenses 54300000 173783000
Total other expenses 54300000 173783000
Total expenses 204004000 787443000
3 Total profit before exceptional items and tax 8394000 41808000
4 Exceptional items -1653000 -1653000
5 Total profit before tax 6741000 40155000
6 Tax expense
7 Current tax 2161000 10863000
8 Deferred tax -571000 -1130000
9 Total tax expenses 1590000 9733000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 5151000 30422000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 5151000 30422000
17 Other comprehensive income net of taxes -72000 -1171000
18 Total Comprehensive Income for the period 5079000 29251000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 133111000 133111000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 655264000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.38 2.84
Diluted earnings (loss) per share from continuing operations 0.33 2.76
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.38 2.84
Diluted earnings (loss) per share from continuing and discontinued operations 0.33 2.76
24 Debt equity ratio 0.0023 0.0023
25 Debt service coverage ratio 0.0012 0.0045
26 Interest service coverage ratio 0.0262 0.0359
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above Financial Results for the quarter and year ended March 31, 2025 were reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors at their meeting held on May 27, 2025. The Statutory Auditor have expressed an unmodified audit opinion. The information presented above is extracted from the audited standalone financial statements. The financial statements are prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter. n n2. The Board of Directors, in its meeting held on August 28, 2024, approved a preferential allotment of 6,48,330 equity shares of face value Rs. 10 each at an issue price of Rs. 127.25 per share, aggregating to Rs 8.25 crore, to Promoter Group and Non-Promoters for cash consideration. In addition, 5,30,451 share warrants were issued to Non-Promoters at the same price, each warrant convertible into one equity share within 18 months from the date of allotment. An amount of Rs 1.69 crore, representing 25% of the warrant price, was received, and the balance Rs 5.06 crore is pending. These warrants were issued on October 19, 2024. The fair value of each warrant, determined in accordance with Ind AS 113 Fair Value Measurement, was Rs 49.04 and has been classified under Other Equity. No asset has been recognized for the difference between fair value and consideration received. The issuance of equity shares and warrants has been duly approved by BSE and NSE under applicable SEBI regulations, and trading in these shares commenced on January 6, 2025. n n3. Further, in its meeting held on December 27, 2024, the Board approved a second preferential allotment of 25,75,320 equity shares at an issue price of Rs. 185.50 per share, aggregating to Rs. 47.71 crore, to Non-Promoters. Alongside, 3,23,450 share warrants were issued to the Promoter Group at Rs. 185.50 per warrant. The Company received Rs. 1.50 crore, being 25% of the warrant consideration, and Rs. 4.50 crore is pending. The allotment of shares and warrants was completed on February 11, 2025. The fair value of each warrant was Rs. 56.84, as per Ind AS 113, and the amount received has been recorded under Other Equity with no asset recognized for the fair value differential. Both BSE and NSE granted requisite approvals, and trading commenced on March 27, 2025. n n4. As on March 31, 2025, the Company did not have any subsidiaries, joint ventures, or associate companies. However, a wholly-owned subsidiary named AVRO Recycling Limited was incorporated on May 14, 2025. n n5. Based on the guiding principles given in Ind AS-108 Operating Segments, the Company business activity falls within a single operating segment i.e. manufacturing of plastic products and trading of plastic products, plastic granules LLDPE and scraps of plastics. n n6. No Investors complaints have been received during the quarter ended March 31, 2025. Hence, there were no investor's complaints pending as on March 31, 2025. n n7. The company had made following expenditure against Corporate Social Responsibility (CSR) which is shown under the head Other Expenses in the statement of profit and loss. n n Rs. in Lacs n nParticulars Quarter ended Year ended n 31.03.2025 31.12.2024 31.03.2024 31.03.2025 31.03.2024 n Audited Unaudited Audited Audited Audited nCorporate Social Responsibility 10.15 - 8.00 10.15 8.00 n n n8. The figures for the corresponding previous periods have been regrouped wherever necessary to make them comparable.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 245380000
Capital work-in-progress 30799000
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets
Total non-current financial assets 0
Deferred tax assets (net) 231000
Other non-current assets 14835000
Total non-current assets 291245000
2 Current assets
Inventories 149786000
Current financial asset
Current investments 15472000
Trade receivables, current 235051000
Cash and cash equivalents 302993000
Bank balance other than cash and cash equivalents 120000000
Loans, current 0
Other current financial assets 8994000
Total current financial assets 682510000
Current tax assets (net) 0
Other current assets 50688000
Total current assets 882984000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1174229000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 133111000
Other equity 717134000
Total equity attributable to owners of parent 850245000
Non controlling interest
Total equity 850245000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 56225000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total non-current financial liabilities 56225000
Provisions, non-current 2838000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities 0
Total non-current liabilities 59063000
Current liabilities
Current financial liabilities
Borrowings, current 142804000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 21103000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 67403000
Total Trade payable 88506000
Other current financial liabilities 4962000
Total current financial liabilities 236272000
Other current liabilities 25913000
Provisions, current 183000
Current tax liabilities (Net) 2553000
Deferred government grants, Current
Total current liabilities 264921000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 323984000
Total equity and liabilites 1174229000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of the net defined benefit liability/asset -97000 -1565000
Total Amount of items that will not be reclassified to profit and loss -97000 -1565000
2 Income tax relating to items that will not be reclassified to profit or loss -25000 -394000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income -72000 -1171000



Cash flow statement, indirect

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 40155000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 15763000
Adjustments for decrease (increase) in inventories -81199000
Adjustments for decrease (increase) in trade receivables, current -30900000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -20379000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -1632000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 17857000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 2887000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 39203000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 1783000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 2472000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -1368000
Other adjustments for non-cash items 1809000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -53704000
Net cash flows from (used in) operations -13549000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 9478000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -23027000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 350000
Purchase of property, plant and equipment 111886000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -125720000
Net cash flows from (used in) investing activities -237256000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 500491000
Proceeds from issuing other equity instruments 31875000
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 1003732000
Repayments of borrowings 960929000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 15492000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 559677000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 299394000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 299394000
Cash and cash equivalents cash flow statement at beginning of period 3599000
Cash and cash equivalents cash flow statement at end of period 302993000





Details of Impact of Audit Qualification

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 S A A R K AND CO Yes 31-Jul-2025


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 19-Oct-2024
Amount Raised 99375000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review None
Comments of the auditors, if any None
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Purchase of New Machines for capacity expansion in both plastic furniture and recycling No 70000000 0 60193000 0
2 Meeting working capital requirements No 50000000 0 30957000 0
3 Enhancing Brand Visibility No 20000000 0 983000 0
4 General Corporate Purposes No 10000000 0 7242000 0


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 11-Feb-2025
Amount Raised 492722000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review None
Comments of the auditors, if any None
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 To Invest in a Greenfield Plastic Waste recycling project to be set up either within the Company or through investment in shares of any other Company undertaking the project No 397722000 0 0 0
2 Long-Term Working Capital requirements No 80000000 0 16128000 0
3 General corporate purpose No 60000000 0 56435000 0


Signatory Details

Name of signatory Ghanshyam Singh
Designation of person Chief Financial Officer
Place Ghaziabad
Date 27-May-2024




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Avro India Limited Sahil Aggarwal Managing Director (KMP) Remuneration 1200000 Approved 600000 90000 90000
2 Avro India Limited Sushil Kumar Aggarwal Chairman & Whole Time Director (KMP) Remuneration 1200000 Approved 600000 90000 90000
3 Avro India Limited Nikhil Aggarwal Whole Time Director (KMP) Remuneration 900000 Approved 450000 70000 70000
4 Avro India Limited Ghanshyam Singh Chief Financial Officer (KMP) Any other transaction Salary 815000 Approved 437000 68000 68000
5 Avro India Limited Sumit Bansal Company Secretary (KMP) Any other transaction Salary 800000 Approved 381000 61000 61000
6 Avro India Limited Akshita Aggarwal Head Communication (Relative of KMP) Any other transaction Salary 325000 Approved 158000 25000 25000
7 Avro India Limited Bonita Furniture Private Limited Enterprise where significant influence exist by KMP and relative of KMP Any other transaction Rent paid for Warehouse 14868000 Approved 7434000 1581000 0
8 Avro India Limited Anita Aggarwal Non-Executive Director Any other transaction Sitting Fees 20000 Approved 9000 4000 3000
9 Avro India Limited Pawan Dixit Independent Director Any other transaction Sitting Fees 33000 Approved 19000 7000 7000
10 Avro India Limited Vandana Gupta Independent Director Any other transaction Sitting Fees 25000 Approved 1000 7000 8000
11 Avro India Limited Richa Kalra Independent Director Any other transaction Sitting Fees 25000 Approved 20000 3000 10000
12 Avro India Limited Sushil Kumar Goyal Independent Director Any other transaction Sitting Fees 31000 Approved 15000 7000 5000
13 Avro India Limited Mukul Jain Independent Director Any other transaction Sitting Fees 10000 Approved 8000 0 7000
14 Avro India Limited Sunil Duggal Independent Director Any other transaction Sitting Fees 5000 Approved 2000 0 2000
Total value of transaction during the reporting period 10134000