Board Meeting5 Aug 2026, 01:22 pm
Avi Products India Ltd Board Approves Financial Results, MD Appointment
AI Summary
Avi Products India Ltd's board of directors met on August 5, 2026, to approve the standalone un-audited financial results for the quarter ended June 30, 2026. The board also approved the resignation of Mr. Avinash Dhirajlal Vora as Managing Director, re-designating him as Executive Non-Independent Director for five years. Concurrently, Mr. Parthh Kaushik Mehta was appointed as the new Managing Director for a five-year term, subject to shareholder approval. Additionally, the board approved the sale of company cars to Mr. Avinash Vora, an existing promoter, subject to shareholder approval.
Key Highlights
- Board approved standalone un-audited financial results for Q1 FY27.
- Mr. Avinash Vora re-designated from MD to Executive Non-Independent Director.
- Mr. Parthh Mehta appointed as new Managing Director for five years.
- Sale of company cars to promoter approved, subject to shareholder nod.
- Appointments and re-designation are effective from August 5, 2026.
Price Impact
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