Board Meeting5 Aug 2026, 01:23 pm
Avi Products India Ltd: Board Approves Financial Results, MD Change
AI Summary
Avi Products India Ltd announced its unaudited financial results for the quarter ended June 30, 2026, following a board meeting on August 5, 2026. The board also approved the resignation of Mr. Avinash Dhirajlal Vora as Managing Director, who has been re-designated as Executive Non-Independent Director for five years. Concurrently, Mr. Parthh Kaushik Mehta has been appointed as the new Managing Director for a similar five-year term, subject to shareholder approval. Additionally, the company approved the sale of company cars to Mr. Avinash Vora, subject to shareholder approval.
Key Highlights
- Unaudited financial results for Q1 FY27 declared.
- Mr. Avinash Vora re-designated from MD to Executive Non-Independent Director.
- Mr. Parthh Kaushik Mehta appointed as new Managing Director.
- Sale of company cars to a director approved, pending shareholder consent.
- Board meeting held on August 5, 2026, from 11:00 AM to 12:55 PM.
Price Impact
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