Avi Products: Board, CFO, CS, Auditors changed post control shift
Avi Products India Ltd announced a significant overhaul of its management and auditors following a change in control. The board approved the appointment of six new directors, including Mr. Parthh K Mehta as Additional Executive Director and Chairman. Concurrently, four existing directors resigned. Ms. Hemali Pankaj Patel resigned as CFO, replaced by Mr. Nikunj Bharatbhai Gandhi. Ms. Shreyana Satyashodhak Koyande resigned as Company Secretary and Compliance Officer, with Ms. Renu Choudhary appointed in her place. Additionally, M/S K. C. Shrimanker & Associates were appointed as Internal Auditors, and M/s. Pooja Gala & Associate as Secretarial Auditors, replacing VKMG & Associates LLP. All changes are effective April 23, 2026.
Key Highlights
- Six new directors appointed to the board, including a new Chairman.
- Four existing directors resigned due to change of control and management.
- New CFO and Company Secretary appointed, replacing previous incumbents.
- Internal and Secretarial Auditors also changed.
- All changes are effective April 23, 2026.
Price Impact
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