Corporate information, governance policies, financial reports and disclosures for the shareholders and stakeholders of Avaada Electro Limited.
Avaada Electro Limited (Formerly ‘Avaada Electro Private Limited’)
Avaada Electro Limited, a wholly owned subsidiary of Avaada Group, is a producer of globally certified N-Type TOPCon solar PV modules. Once operational, our Nagpur Facility will function as a fully vertically integrated solar manufacturing campus, covering the entire process from ingot to solar module. Equipped with automated production lines and a 16-second average cycle time, the facility ensures precision and scalability. With 7 GW capacity, 23.61% module efficiency, 4.04% market share in terms of ALMM-enlisted module manufacturing capacity and an approximate share of nearly 4.98% in solar modules, and BIS, TÜV Rheinland certifications, it is driving India’s renewable manufacturing self-reliance and global solar leadership.
C-11, Sector-65,
Gautam Buddha Nagar,
Noida, UP-201301
406, 4th Floor, Solaris One,
N. S. Phadke Marg,
Andheri (East),
Mumbai - 400069
April 27, 2021
U31905UP2021PLC145680
INE0KDM01018 (OLD), INE0KDM01026
Mr. Surendra Gupta, Company Secretary & Compliance Officer.
406, 4th Floor, Solaris One,
N. S. Phadke Marg,
Andheri (East),
Mumbai – 400069
Phone: 02261408000
Email: surendra.gupta@avaada.com
MUFG Intime India Private Limited
(Formerly Link Intime India Private Limited)
C 101, Embassy 247,
L B S Marg,Vikhroli (West), Mumbai,400083
Phone: +91 022 49186000, +91 810 811 4949
Email: Investor.helpdesk@in.mpms.mufg.com, avaadaelectro.ipo@in.mpms.mufg.com
Sindoor Vineet Mittal, one of our Promoters, is the Vice-Chairperson and a Non-Independent Non-Executive Director on the Board of our Company. She holds a bachelor’s degree in management studies from University of Bombay, and has completed a post graduate programme in management from Indian School of Business, Hyderabad in 2005. She has also completed the executive program from Graduate School of Business, Stanford University. She has approximately 18 years of experience in the energy sector. She has previously served as the whole-time director with Welspun Energy Private Limited, and has handled functions such as execution of projects involving setting up of solar power plants. She has been awarded the Young Asian Entrepreneurs in 2019-20 by AsiaOne. She is currently also associated with Avaada Energy Private Limited, Avaada Foundation, Avaada Ventures Private Limited among others.
Vinoo George, is a Whole-time Director of our Company. He has received bachelor’s degree in mechanical engineering from the University of Madras in 1977. He is responsible for providing strategic direction, operational efficiency, quality management technology integration and overall capacity management in our Company. He has been associated with the Avaada group in various capacities since 2011. He has over 40 years of experience in the manufacturing sector. He has previously been associated with BHEL and Reliance Infrastructure Limited.
Rajnish Kumar is an Independent Director on the Board of our Company. He has received a master’s degree in physics from the Meerut University in 1979. He was a member of the central board of State Bank of India and also served as the chairman of State Bank of India (“SBI”). Previously, he served as the managing director (national banking group) and managing director (compliance & risk) in SBI and was also the chief general manager of the north-eastern circle of SBI. He has held several key assignments across various business verticals of State Bank of India, including the mid-corporate group, project finance, and two overseas assignments of SBI in Canada and U.K. Further, he was also the managing director and chief executive officer of SBICAP. He joined SBI as a probationary officer in 1980 and has over 40 years of experience in the banking industry.
Diana Miller is an Independent Director on the Board of our Company. She has received a diploma in marketing from the Auckland Technical Institute in 1989. She has approximately 14 years of experience in the information management sector. She was previously associated with McKinsey & Company as senior information specialist, Ecology and Co. as the chief executive officer, and Infowavz International Private Limited as head-training.
Subhash Kamath is an Independent Director on the Board of our Company. He has passed the examination for bachelor’s degree in commerce from the University of Calcutta in 1985. He has approximately 15 years of work experience. He has previously served as a member and subsequently, chairman on the Board of Governors of The Advertising Standards Council of India, executive director and group chief executive director of Bates India Private Limited, and chief executive officer of BBH Communications India Private Limited and has handled functions including promotion of responsible advertising in India.
PLEASE READ THIS NOTICE CAREFULLY. IT APPLIES TO ALL PERSONS WHO VIEW THIS WEBSITE. THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. YOU SHOULD READ IT IN FULL EACH TIME YOU VISIT THE WEBSITE. BY ACCESSING THIS INFORMATION ON THIS WEBSITE, YOU AGREE TO THE TERMS AND CONDITIONS BELOW, INCLUDING ANY MODIFICATIONS THAT MAY BE MADE TO THEM FROM TIME TO TIME.
THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (“SEBI ICDR REGULATIONS”).
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before
continuing.
The following disclaimer applies to the updated draft red herring prospectus-I of Avaada Electro Limited (the “Company”) dated August 25, 2026 (the “Updated Draft Red Herring Prospectus-I” or “UDRHP-I”) filed with the Securities and Exchange Board of India (“SEBI”), BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”), as applicable, and hosted on this website in connection with the initial public offering of the equity shares of face value of ₹5 each of the Company (“Equity Shares” such initial public offering as the “Offer”). You are advised to read the following notice carefully before reading, accessing or making any other use of the Updated Draft Red Herring Prospectus-I. By accessing the Updated Draft Red Herring Prospectus-I, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. You should read the UDRHP-I and seek professional advice before taking any action
Access to the Updated Draft Red Herring Prospectus-I does not constitute a recommendation by the Company, ICICI Securities Limited, Axis Capital Limited, BofA Securities India Limited, HSBC Securities and Capital Markets (India) Private Limited, SBI Capital Markets Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) Limited (collectively, the “Book Running Lead Managers”), the members of the Syndicate (as defined in the Updated Draft Red Herring Prospectus-I) or any of their respective affiliates or any other person to subscribe to the Equity Shares offered in the Offer.
The Updated Draft Red Herring Prospectus-I is directed at, and is intended for distribution to, and use by, residents of India only. Residents of countries other than India are not authorized to view or use the information in this portion of our website. The information in this portion of our website, including the Updated Draft Red Herring Prospectus-I, is not intended for, and may not be accessed in or by, or is not for publication or distribution, directly or indirectly, in or into the United States. The contents of the Updated Draft Red Herring Prospectus-I is for your information only, and you acknowledge that access to the Updated Draft Red Herring Prospectus-I is intended for use by you only and you agree not to forward the Updated Draft Red Herring Prospectus-I on to any other person, internal or external to your company, in whole or in part, or otherwise provide access via e-mail or otherwise to any person. No part of the contents of the Updated Draft Red Herring Prospectus-I shall be copied or duplicated in any form by any means or redistributed.
The Updated Draft Red Herring Prospectus-I has been hosted on this website as prescribed under Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). Our Company has taken all necessary steps to ensure that the contents of the Updated Draft Red Herring Prospectus-I as appearing on this website are identical to the Updated Draft Red Herring Prospectus-I filed with the SEBI. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company, Book Running Lead Mangers, nor any of its affiliates, directors, agents, officers, representatives, advisers or employees accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.
The Equity Shares have not been recommended by any U.S. federal or state securities commission or regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of the Updated Draft Red Herring Prospectus-I or approved or disapproved the Equity Shares. Any representation to the contrary is a criminal offence in the United States. In making an investment decision investors must rely on their own examination of our Company and the terms of the Offer, including the merits and risks involved.
The Updated Draft Red Herring Prospectus-I does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States to “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act (“Rule 144A”) and referred to in the Updated Draft Red Herring Prospectus-I as “U.S. QIBs”, for the avoidance of doubt, the term U.S. QIBs does not refer to a category of institutional investor defined under applicable Indian regulations and referred to in the Updated Draft Red Herring Prospectus-I as “QIBs”) in one or more transactions exempt from the registration requirements of the U.S. Securities Act; and (ii) outside the United States in “offshore transactions”, as defined in, and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.
The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
Any person into whose possession the Updated Draft Red Herring Prospectus-I comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company, Book Running Lead Managers, nor any of its affiliates is soliciting any action based on the Updated Draft Red Herring Prospectus-I , and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Updated Draft Red Herring Prospectus-I for any investment decision.
Any decision on whether to invest in the Equity Shares described in the Updated Draft Red Herring Prospectus-I may only be made after a red herring prospectus has been filed with the Registrar of Companies, Uttar Pradesh-II at Noida and the SEBI and the Stock Exchanges, and must be made solely on the basis of such red herring prospectus, as there may be material changes in the red herring prospectus compared to the Updated Draft Red Herring Prospectus-I. Nothing in the Updated Draft Red Herring Prospectus-I constitutes an offer or an invitation by or on behalf of either the Company, Book Running Lead Managers or any of the members of the syndicate to subscribe for or purchase any of the securities described therein, invitations to subscribe to or purchase the Equity Shares in the Offer will be made only pursuant to the red herring prospectus if the recipient is in India or the preliminary offering memorandum for the Offer, which comprises the red herring prospectus and the preliminary international wrap for the Offer, if the recipient is outside India. No person outside India is eligible to Bid for Equity Shares in the Offer unless that person has received the preliminary offering memorandum for the Offer, which shall contain the selling restrictions for the Offer outside India.
Any potential investor should note that investment in Equity Shares involves a high degree of risk and for details relating to such risk, please see the section titled “Risk Factors” of the red herring prospectus which will be filed with the Registrar of Companies, Uttar Pradesh II at Noida, and SEBI in the future. The Offer and sale of the Equity Shares to be offered in the Offer shall be made only pursuant to the red herring prospectus, when available. As there may be material changes in the red herring prospectus versus the UDRHP-I, potential investors should not rely on the UDRHP-I filed with SEBI and the Stock Exchanges.
You are accessing this website at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses. Neither the Company, the Book Running Lead Managers nor any of its affiliates, directors, agents, officers, representatives, advisers or employees do not accept any liability whatsoever, direct or indirect, and will be not be responsible or have any responsibility of any kind for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Company, the Book Running Lead Managers nor any of its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Updated Draft Red Herring Prospectus-I beyond the date of the Updated Draft Red Herring Prospectus-I . The information contained in the Updated Draft Red Herring Prospectus-I may not be updated since its original publication date and may not reflect the latest updates. The Company, the Book Running Lead Managers or their affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, the Book Running Lead Managers nor any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.
Failure to comply with this disclaimer may result in a violation of the applicable laws of India and other jurisdictions. Any other information contained in, or that can be accessed via our website does not constitute a part of the Updated Draft Red Herring Prospectus-I .
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The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to subscribe or buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.
PLEASE READ THIS NOTICE CAREFULLY, IT APPLIES TO ALL PERSONS WHO VIEW THIS WEBSITE. THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. YOU SHOULD READ IT IN FULL EACH TIME YOU VISIT THE WEBSITE. BY ACCESSING THIS INFORMATION ON THIS WEBSITE, YOU AGREE TO THE TERMS AND CONDITIONS BELOW, INCLUDING ANY MODIFICATIONS THAT MAY BE MADE TO THEM FROM TIME TO TIME.
THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (“SEBI ICDR REGULATIONS”).
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before
continuing.
The following disclaimer applies to the draft abridged prospectus (“Draft Abridged Prospectus”) to the updated draft red herring prospectus-I of Avaada Electro Limited (the “Company”) each dated August 25, 2026 (the “Updated Draft Red Herring Prospectus-I” or “UDRHP-I”) filed with the Securities and Exchange Board of India (“SEBI”), BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”) and hosted on this website in connection with the proposed initial public offering of the equity shares of the Company (such equity shares the “Equity Shares” and such offer the “Offer”). The Company does not accept any responsibility for any contravention of applicable securities laws and regulations by individuals as a result of false information provided by such individuals. You are advised to read the following notice carefully before reading, accessing or making any other use of the Draft Abridged Prospectus and the UDRHP-I. In accessing the Draft Abridged Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.
The Draft Abridged Prospectus and UDRHP-I are directed at, and are intended for distribution to, and use by, residents of India only. The information in this portion of our website, including the Draft Abridged Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States. The contents of the Draft Abridged Prospectus is for your information only, and you acknowledge that access to the Draft Abridged Prospectus is intended for use by you only and you agree not to forward the Draft Abridged Prospectus on to any other person, internal or external to your company, in whole or in part, or otherwise provide access via e-mail or otherwise to any person. No part of the contents of the Draft Abridged Prospectus shall be copied or duplicated in any form by any means or redistributed.
The Draft Abridged Prospectus has been hosted on this website as prescribed under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). Our Company has taken all necessary steps to ensure that the contents of the Draft Abridged Prospectus as appearing on this website are identical to the Draft Abridged Prospectus and UDRHP-I filed with the SEBI. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data. The Company, BRLMs and/or their Affiliates are not soliciting any action based on it, and it should not be construed as an offer to sell or the solicitation of any offer to buy or subscribe for any security and should not be construed as such. The Draft Abridged Prospectus does not amount to, or is intended to be, a prospectus or an offer document, in terms of the Companies Act, 2013, and the SEBI ICDR Regulations, and nothing in the Draft Abridged Prospectus constitutes an offer or an invitation by or on behalf of either the Company or any of the members of the syndicate to subscribe for or purchase any of the securities described therein.
The Draft Abridged Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements.
The Equity Shares have not been recommended by any U.S. federal or state securities commission or regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of the UDRHP-I or approved or disapproved the Equity Shares. Any representation to the contrary is a criminal offence in the United States. In making an investment decision, investors must rely on their own examination of our Company and the terms of the Offer, including the merits and risks involved.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States to “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act (“Rule 144A”) and referred to in the UDRHP-I as “U.S. QIBs”, for the avoidance of doubt, the term U.S. QIBs does not refer to a category of institutional investor defined under applicable Indian regulations and referred to in the UDRHP-I as “QIBs”) in one or more transactions exempt from the registration requirements of the U.S. Securities Act; and (ii) outside the United States in “offshore transactions”, as defined in, and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.
The equity shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
Any person into whose possession the Draft Abridged Prospectus and UDRHP-I comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Abridged Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Abridged Prospectus and UDRHP-I for any investment decision.
Any decision on whether to invest in the equity shares described in the Draft Abridged Prospectus and the UDRHP-I may only be made after a red herring prospectus has been filed with the Registrar of Companies along with SEBI and the Stock Exchanges, and must be made solely on the basis of such red herring prospectus, as there may be material changes in the red herring prospectus compared to the Draft Abridged Prospectus and UDRHP-I. Invitations to subscribe to or purchase the equity shares in the Offer will be made only pursuant to the red herring prospectus if the recipient is in India or the preliminary offering memorandum for the Offer, which comprises the red herring prospectus and the preliminary international wrap for the Offer, if the recipient is outside India. No person outside India is eligible to Bid for equity shares in the Offer unless that person has received the preliminary offering memorandum for the Offer, which shall contain the selling restrictions for the Offer outside India.
Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section titled “Risk Factors” of the red herring prospectus, when available.
You are accessing this website at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses. Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Abridged Prospectus beyond the date of the Draft Abridged Prospectus. The information contained in the Draft Abridged Prospectus may not be updated since its original publication date and may not reflect the latest updates. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.
The information is current only as of its date and shall not, under any circumstances, create any implication that the information contained therein is correct as of any time subsequent to the date thereof or that there has been no change in the financial condition or affairs of the Company since such date. This document may be updated from time to time and there is no undertaking the Company or any of their affiliates to post any such amendments or supplements on this website.
If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.
To access this information, you must confirm by pressing on the button marked “I Confirm” that, at the time of access you are located and resident in India. If you cannot make this confirmation, you must press the button marked “I Do Not Confirm”.
The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to subscribe or buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED(“SEBI ICDR REGULATIONS”).
NOT FOR ACCESS IN OR BY, OR DISTRIBUTION OR TRANSMISSION IN, INTO OR TO, DIRECTLY OR INDIRECTLY, THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS), ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA (THE “UNITED STATES”) OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before
continuing.
The following disclaimer applies to the audio visual film (“IPO AV”) of the updated draft red herring prospectus-I (the “Updated Draft Red Herring Prospectus-I” or “UDRHP-I”) and draft abridged prospectus (the “Draft Abridged Prospectus”) of Avaada Electro Limited (the “Company”) each dated August 25, 2026 filed with the Securities and Exchange Board of India (“SEBI”), BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”) and hosted on this website in connection with the proposed initial public offering of the equity shares of face value of ₹5 each of the Company (“Equity Shares” such initial public offering as the “Offer”). The Company does not accept any responsibility for any contravention of applicable securities laws and regulations by individuals as a result of false information provided by such individuals.
THE IPO AV IS BEING MADE AVAILABLE ON THIS WEBSITE IN ACCORDANCE WITH CIRCULAR ON “AUDIOVISUAL (AV) PRESENTATION OF DISCLOSURES MADE IN PUBLIC ISSUE OFFER DOCUMENTS” DATED MAY 24, 2024, ISSUED BY THE SECURITIES AND EXCHANGE BOARD OF INDIA. You are advised to read the following notice carefully before reading, accessing or making any other use of the IPO AV. In accessing the IPO AV, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.
The IPO AV is directed at, and is intended for distribution to, and use by, residents of India only. The information in this portion of our website, including the IPO AV and the UDRHP-I and Draft Abridged Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States. The contents of the IPO AV and the UDRHP-I and Draft Abridged Prospectus is for your information only, and you acknowledge that access to the IPO AV is intended for use by you only and you agree not to forward the IPO AV on to any other person, internal or external to your company, in whole or in part, or otherwise provide access via e-mail or otherwise to any person. No part of the contents of the IPO AV shall be copied or duplicated in any form by any means or redistributed.
The IPO AV is posted solely to comply with Indian legal and regulatory requirements. Our Company has taken all necessary steps to ensure that the contents of the IPO AV as appearing on this website are identical to the UDRHP-I and Draft Abridged Prospectus filed with the SEBI. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data. The Company, BRLMs and/or their Affiliates are not soliciting any action based on it, and it should not be construed as an offer to sell or the solicitation of any offer to buy or subscribe for any security and should not be construed as such. The IPO AV does not amount to, or is intended to be, a prospectus or an offer document, in terms of the Companies Act, 2013, and the SEBI ICDR Regulations, and nothing in the IPO AV constitutes an offer or an invitation by or on behalf of either the Company or any of the members of the syndicate to subscribe for or purchase any of the securities described therein.
The IPO AV does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements.
The Equity Shares have not been recommended by any U.S. federal or state securities commission or regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of the Updated Draft Red Herring Prospectus-I or approved or disapproved the Equity Shares. Any representation to the contrary is a criminal offence in the United States. In making an investment decision, investors must rely on their own examination of our Company and the terms of the Offer, including the merits and risks involved.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States to “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act (“Rule 144A”) and referred to in the Updated Draft Red Herring Prospectus-I as “U.S. QIBs”, for the avoidance of doubt, the term U.S. QIBs does not refer to a category of institutional investor defined under applicable Indian regulations and referred to in the Updated Draft Red Herring Prospectus-I as “QIBs”) in one or more transactions exempt from the registration requirements of the U.S. Securities Act; and (ii) outside the United States in “offshore transactions”, as defined in, and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.
The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
Any person into whose possession the IPO AV comes is required to inform himself or herself about and to observe any such restrictions.[
Any decision on whether to invest in the Equity Shares described in the IPO AV may only be made after a red herring prospectus has been filed with the Registrar of Companies, Uttar Pradesh-II at Noida and the SEBI and the Stock Exchanges, and must be made solely on the basis of such red herring prospectus, as there may be material changes in the red herring prospectus compared to the IPO AV. Invitations to subscribe to or purchase the Equity Shares in the Offer will be made only pursuant to the red herring prospectus if the recipient is in India or the preliminary offering memorandum for the Offer, which comprises the red herring prospectus and the preliminary international wrap for the Offer, if the recipient is outside India. No person outside India is eligible to Bid for [Equity Sharesin the Offer unless that person has received the preliminary offering memorandum for the Offer, which shall contain the selling restrictions for the Offer outside India.
. Any potential investor should note that investment in Equity Shares involves a high degree of risk and for details relating to such risk, please see the section titled “Risk Factors” of the red herring prospectus, which will be filed with the Registrar of Companies, Uttar Pradesh II at Noida, and SEBI in the future. The Offer and sale of the Equity Shares to be offered in the Offer shall be made only pursuant to the red herring prospectus, when available. As there may be material changes in the red herring prospectus versus the UDRHP-I, potential investors should not rely on the UDRHP-I filed with SEBI and the Stock Exchanges.
Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the IPO AV beyond the date of the IPO AV. The information contained in the IPO AV may not be updated since its original publication date and may not reflect the latest updates. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.
The information is current only as of its date and shall not, under any circumstances, create any implication that the information contained therein is correct as of any time subsequent to the date thereof or that there has been no change in the financial condition or affairs of the Company since such date. This document may be updated from time to time and there is no undertaking the Company or any of their affiliates to post any such amendments or supplements on this website.
If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.
To access this information, you must confirm by pressing on the button marked “I Confirm” that, at the time of access you are located and resident in India. If you cannot make this confirmation, you must press the button marked “I Do Not Confirm”.
The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to subscribe or buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED(“SEBI ICDR REGULATIONS”).
NOT FOR ACCESS IN OR BY, OR DISTRIBUTION OR TRANSMISSION IN, INTO OR TO, DIRECTLY OR INDIRECTLY, THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS), ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA (THE “UNITED STATES”) OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before
continuing.
The following disclaimer applies to the audio visual film (“IPO AV”) of the updated draft red herring prospectus-I (the “Updated Draft Red Herring Prospectus-I” or “UDRHP-I”) and draft abridged prospectus (the “Draft Abridged Prospectus”) of Avaada Electro Limited (the “Company”) each dated August 25, 2026 filed with the Securities and Exchange Board of India (“SEBI”), BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”) and hosted on this website in connection with the proposed initial public offering of the equity shares of face value of ₹5 each of the Company (“Equity Shares” such initial public offering as the “Offer”). The Company does not accept any responsibility for any contravention of applicable securities laws and regulations by individuals as a result of false information provided by such individuals.
THE IPO AV IS BEING MADE AVAILABLE ON THIS WEBSITE IN ACCORDANCE WITH CIRCULAR ON “AUDIOVISUAL (AV) PRESENTATION OF DISCLOSURES MADE IN PUBLIC ISSUE OFFER DOCUMENTS” DATED MAY 24, 2024, ISSUED BY THE SECURITIES AND EXCHANGE BOARD OF INDIA. You are advised to read the following notice carefully before reading, accessing or making any other use of the IPO AV. In accessing the IPO AV, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.
The IPO AV is directed at, and is intended for distribution to, and use by, residents of India only. The information in this portion of our website, including the IPO AV and the UDRHP-I and Draft Abridged Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States. The contents of the IPO AV and the UDRHP-I and Draft Abridged Prospectus is for your information only, and you acknowledge that access to the IPO AV is intended for use by you only and you agree not to forward the IPO AV on to any other person, internal or external to your company, in whole or in part, or otherwise provide access via e-mail or otherwise to any person. No part of the contents of the IPO AV shall be copied or duplicated in any form by any means or redistributed.
The IPO AV is posted solely to comply with Indian legal and regulatory requirements. Our Company has taken all necessary steps to ensure that the contents of the IPO AV as appearing on this website are identical to the UDRHP-I and Draft Abridged Prospectus filed with the SEBI. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data. The Company, BRLMs and/or their Affiliates are not soliciting any action based on it, and it should not be construed as an offer to sell or the solicitation of any offer to buy or subscribe for any security and should not be construed as such. The IPO AV does not amount to, or is intended to be, a prospectus or an offer document, in terms of the Companies Act, 2013, and the SEBI ICDR Regulations, and nothing in the IPO AV constitutes an offer or an invitation by or on behalf of either the Company or any of the members of the syndicate to subscribe for or purchase any of the securities described therein.
The IPO AV does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements.
The Equity Shares have not been recommended by any U.S. federal or state securities commission or regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of the Updated Draft Red Herring Prospectus-I or approved or disapproved the Equity Shares. Any representation to the contrary is a criminal offence in the United States. In making an investment decision, investors must rely on their own examination of our Company and the terms of the Offer, including the merits and risks involved.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States to “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act (“Rule 144A”) and referred to in the Updated Draft Red Herring Prospectus-I as “U.S. QIBs”, for the avoidance of doubt, the term U.S. QIBs does not refer to a category of institutional investor defined under applicable Indian regulations and referred to in the Updated Draft Red Herring Prospectus-I as “QIBs”) in one or more transactions exempt from the registration requirements of the U.S. Securities Act; and (ii) outside the United States in “offshore transactions”, as defined in, and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.
The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
Any person into whose possession the IPO AV comes is required to inform himself or herself about and to observe any such restrictions.[
Any decision on whether to invest in the Equity Shares described in the IPO AV may only be made after a red herring prospectus has been filed with the Registrar of Companies, Uttar Pradesh-II at Noida and the SEBI and the Stock Exchanges, and must be made solely on the basis of such red herring prospectus, as there may be material changes in the red herring prospectus compared to the IPO AV. Invitations to subscribe to or purchase the Equity Shares in the Offer will be made only pursuant to the red herring prospectus if the recipient is in India or the preliminary offering memorandum for the Offer, which comprises the red herring prospectus and the preliminary international wrap for the Offer, if the recipient is outside India. No person outside India is eligible to Bid for [Equity Sharesin the Offer unless that person has received the preliminary offering memorandum for the Offer, which shall contain the selling restrictions for the Offer outside India.
. Any potential investor should note that investment in Equity Shares involves a high degree of risk and for details relating to such risk, please see the section titled “Risk Factors” of the red herring prospectus, which will be filed with the Registrar of Companies, Uttar Pradesh II at Noida, and SEBI in the future. The Offer and sale of the Equity Shares to be offered in the Offer shall be made only pursuant to the red herring prospectus, when available. As there may be material changes in the red herring prospectus versus the UDRHP-I, potential investors should not rely on the UDRHP-I filed with SEBI and the Stock Exchanges.
Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the IPO AV beyond the date of the IPO AV. The information contained in the IPO AV may not be updated since its original publication date and may not reflect the latest updates. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.
The information is current only as of its date and shall not, under any circumstances, create any implication that the information contained therein is correct as of any time subsequent to the date thereof or that there has been no change in the financial condition or affairs of the Company since such date. This document may be updated from time to time and there is no undertaking the Company or any of their affiliates to post any such amendments or supplements on this website.
If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.
To access this information, you must confirm by pressing on the button marked “I Confirm” that, at the time of access you are located and resident in India. If you cannot make this confirmation, you must press the button marked “I Do Not Confirm”.
The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to subscribe or buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.
