ASAar Shyam India Investment Company542377Preferential allotment

Board approves allotment of ~1.94 crore shares at Rs. 15 each for share swap and cash

Board approved allotment of ~1.94 crore equity shares at Rs. 15 each on a preferential basis — 1,45,41,000 for a share swap and 48,66,666 for cash.

By ScoutQuest · Fri 23 Oct 2026, 6:46 PM IST · 2 min read

Issue price per share

Rs. 15 each

Shares allotted (swap / cash tranches)

1,45,41,000 for share swap and 48,66,666 for cash

Post-allotment shareholding

Radha Krishna Avudari to hold 53.38% after allotment

Outcome of the board meeting

Avudari Engineering Limited, formerly Aar Shyam India Investment Company Limited, held a board meeting on October 23, 2026 and approved the allotment of ~1.94 crore fully paid-up equity shares at an issue price of Rs. 15 per share on a preferential basis, to the allottees named in the update.

Two tranches

• ~1.45 crore shares were allotted for consideration other than cash, by way of a share swap, to the shareholders of SVR Electro Projects Private Limited. This tranche is valued at ~Rs. 21.81 crore.
• ~48.67 lakh shares were allotted for cash, valued at ~Rs. 7.3 crore. The board noted that one of the proposed allottees subscribed only partially, so the number of shares allotted for cash was lower than the number proposed.

What is being acquired

SVR Electro Projects provides facility management, housekeeping, manpower outsourcing, security and toll collection services, and also works on power infrastructure and renewable energy projects including solar, wind and hybrid systems. Its turnover for financial year 2025-26 was Rs. 7366.44 Lakhs. Through the swap the listed company acquires the whole of SVR's share capital, making it a wholly-owned subsidiary. The update says the acquisition is expected to enhance operational capabilities and support long-term growth.

Who holds what afterwards

Radha Krishna Avudari's post-allotment holding is shown as 53.38%. The update notes that after the ongoing open offer is completed, Radha Krishna Avudari, Sudha Rani Avudari and Srikanth Nagabhyru will become the new promoters of the company. That points to a change in who controls the company, not just a fund raise.

Process and pricing

The allotment follows a board resolution of August 21, 2026, shareholder approval at an extraordinary general meeting held on September 21, 2026, BSE in-principle approval, and the private placement offer cum application letter. The update states the acquisition is a related party transaction carried out on an arm's length basis, supported by an independent fair market valuation report.

How to read this

• The company is issuing a substantial block of new shares, so the total number of shares goes up and existing holders who are not participating own a smaller slice of the company.
• Part of the payment is not cash but ownership of a running business, so future earnings will depend partly on how SVR performs.
• The set of promoters changes after the open offer is completed, so decision-making and strategy may shift with the new holders.
• The cash tranche was only partly subscribed, which is a factual point on demand for the issue.

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