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Management Change27 March 2026 at 02:21 pm

Avi Products India Ltd: New Statutory Auditor Appointed After Unwillingness of Previous Auditor

AI Summary

Avi Products India Ltd announced the outcome of its Board Meeting held on 27th March, 2026. The Board considered and approved several key points, the most significant being the appointment of a new Statutory Auditor, M/s. S AR A and Associates, Chartered Accountant, following the unwillingness of the previous auditor, M/s. N K JALAN & CO, to continue due to better professional engagements. The new auditor has been appointed for a term of 5 years, subject to shareholder approval. The Board also approved the notice for the Extraordinary General Meeting (EGM) scheduled for 27th April, 2026, and appointed M/s. Aparna Tripathi & Associates as the Scrutinizer for the EGM e-voting process.

Key Highlights

  • M/s. N K JALAN & CO expressed unwillingness to continue as Statutory Auditor.
  • M/s. S AR A and Associates appointed as new Statutory Auditor for 5 years.
  • Appointment subject to approval of shareholders.
  • Notice for Extraordinary General Meeting (EGM) approved.
  • M/s. Aparna Tripathi & Associates appointed as Scrutinizer for EGM e-voting process.