Avonmore Capital withdraws preferential share issue amid scheme of arrangement

Avonmore Capital & Management Services Ltd. (Avonmore Capital) has announced the withdrawal of its proposed preferential issue of up to 37,700,000 fully convertible warrants. Each warrant was convertible into one equity share of face value ₹1.

The company's board approved the preferential issue on August 13, 2025, and shareholders on September 9, 2025. It was withdrawn to avoid altering the capital structure until requisite approvals are obtained for a pending Composite Scheme of Arrangement with the stock exchanges. In-principle approval for the allotment had not yet been received.

The company also reported its unaudited financial results for the quarter and half-year ended September 30, 2025. For the quarter, standalone net profit from continuing operations was ₹65 lakhs, with total revenue from operations at ₹265 lakhs. Consolidated net profit from continuing operations for the quarter was ₹619 lakhs, with total revenue from operations at ₹3,692 lakhs.

For the half-year, standalone net profit from continuing operations stood at ₹142 lakhs, with total revenue from operations at ₹572 lakhs. The consolidated net profit from continuing operations for the half-year was ₹1,348 lakhs, and total consolidated revenue from operations reached ₹7,356 lakhs. The board meeting concluded on November 14, 2025.