Avi Products: Board & KMP Changes Amidst Control Shift
The Board of Directors of Avi Products India Ltd, in its meeting on April 23, 2026, approved significant management and board changes following a change of control. Key appointments include Mr. Parthh K Mehta as Additional Executive Director and Chairman, Mr. Ameya Tandulkar as Additional Executive Director, and Mr. Bankim Mehta as Additional Non-Executive Non-Independent Director. Additionally, three new Independent Directors were appointed: Ms. Malvika Jagani, Mr. Dayashankar Patel, and Mr. Aditya Soni. Ms. Hemali Pankaj Patel resigned as CFO, replaced by Mr. Nikunj Bharatbhai Gandhi. Ms. Shreyana Satyashodhak Koyande resigned as Company Secretary, replaced by Ms. Renu Choudhary. Four existing directors also resigned due to the change in control and management. The company also appointed M/S K. C. Shrimanker & Associates as Internal Auditor and M/s. Pooja Gala & Associate as Secretarial Auditor, while VKMG & Associates LLP resigned as Secretarial Auditor.
Key Highlights
- Multiple new Executive and Non-Executive Directors appointed.
- Mr. Parthh K Mehta appointed as Additional Executive Director and Chairman.
- Chief Financial Officer and Company Secretary roles changed.
- Four existing directors resigned due to change of control.
- New Internal and Secretarial Auditors appointed.