Avudari Engineering Completes Strategic Share Allotment and SVR Acquisition

1.94 crore equity shares issued at Rs 15; 100% of SVR Electro Projects acquired.

Reader Takeaway: The acquisition adds Rs 73.66 crore in annual turnover, while new leadership seeks to stabilize the promoter structure.

What just happened

Avudari Engineering Limited, previously known as Aar Shyam India Investment Company Limited, has finalized a preferential allotment of 1,94,07,666 equity shares. This follows board approval granted on October 23, 2026. The issuance was split into two primary components: 1,45,41,000 shares issued via a share swap to acquire SVR Electro Projects Private Limited, and 48,66,666 shares issued for cash. The shares were priced at Rs 15, which includes a premium over the Rs 10 face value.

Why this matters

The acquisition grants Avudari Engineering total control over SVR Electro Projects, which operates in facility management, security, and power infrastructure. SVR reported a turnover of Rs 73.66 crore for FY 2025-26. By bringing these operations under its umbrella, Avudari aims to scale its presence in the service and infrastructure sectors. Additionally, the move signals a major management transition, with the upcoming open offer set to finalize the handover to new promoters Radha Krishna Avudari, Sudha Rani Avudari, and Srikanth Nagabhyru.

Risks to watch

The board noted that one allottee partially subscribed, leading to a shortfall of 66,667 shares compared to original plans. Investors should monitor how the integration of the new subsidiary impacts the consolidated balance sheet and whether the new promoter group successfully executes the transition without operational friction.

What to track next

Watch for the formal conclusion of the Open Offer and subsequent regulatory filings regarding the final promoter shareholding percentages. The market will also look for performance updates on SVR’s active toll collection and power infrastructure projects.