Board Meeting5 Aug 2026, 01:31 pm
Avi Products India Ltd: Board Approves Financials, MD Change
AI Summary
Avi Products India Ltd announced that its board of directors, in a meeting held on August 5, 2026, approved the standalone unaudited financial results for the quarter ended June 30, 2026. The board also approved the re-designation of Mr. Avinash Dhirajlal Vora from Managing Director to Executive Non-Independent Director for a term of five years. Concurrently, Mr. Parthh Kaushik Mehta was 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, a director and promoter, contingent on shareholder approval. The board meeting commenced at 11:00 AM and concluded at 12:55 PM.
Key Highlights
- Board approved Q1 FY27 unaudited financial results.
- Mr. Avinash Vora re-designated from MD to Executive Non-Independent Director.
- Mr. Parthh Mehta appointed as new Managing Director, pending shareholder nod.
- Company to sell cars to promoter Mr. Avinash Vora, subject to approval.
Price Impact
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