Avonmore Capital Reports Mixed Q2 Results with Revenue Growth Despite Weather-Related Challenges

Avonmore Capital Management Services reported consolidated revenue of Rs. 37.04 crore with profit of Rs. 6.00 crore for Q2 FY2025-26, compared to Rs. 36.64 crore revenue and Rs. 7.54 crore profit in Q1, while its green fuel joint venture faced production losses due to floods. The company has filed a revised composite scheme of arrangement with stock exchanges and expects improved performance in Q3 FY2025-26 with recovery in market conditions and operational improvements.

Avonmore Capital Reports Strong Q2 Results, Withdraws ₹377 Crore Preferential Issue

Avonmore Capital Management Services reported quarterly results for the period ended September 30, 2025, with standalone net profit of ₹65 lakh and consolidated net profit of ₹619 lakh. The company withdrew its proposed preferential issue of up to 3.77 crore fully convertible warrants worth ₹377 crore due to pending composite scheme approvals and to avoid capital structure changes.

Avonmore Capital Approves Complex Scheme Involving Demerger of Almondz Global's Broking Business and Multiple Amalgamations

Avonmore Capital & Management Services Limited's board approved a composite scheme of arrangement involving the demerger of broking business from Almondz Global Securities Limited and multiple amalgamations with group companies. The scheme includes transferring Almondz Global's broking business (stock broking, depository participant and advisory services) to Almondz Broking Services Limited, which will retain the Almondz Global Securities name. The broking business contributed 8.65% to Almondz Global's total revenue in 2024-25. Subsequently, Almondz Global's remaining non-broking business will be amalgamated with Avonmore Capital, along with five other group companies: Almondz Insolvency Resolutions Services, Almondz Finanz, Apricot Infosoft, Avonmore Developer, and Anemone Holding. The restructuring aims to comply with Securities Contract Regulations Rules that restrict stock exchange members from engaging in non-securities businesses. Post-scheme, Avonmore Capital's promoter shareholding will decrease from 58.38% to 45.40%, while public shareholding will increase to 54.60%. The scheme requires approvals from the National Company Law Tribunal, shareholders, creditors and regulatory authorities. Listing will be sought for the new broking entity.