Management Change5 Aug 2026, 01:27 pm
Avi Products India Ltd: Management Reshuffle and MD Appointment
AI Summary
Avi Products India Ltd announced significant management changes following a board meeting on August 5, 2026. Mr. Avinash Dhirajlal Vora resigned as Managing Director and was re-designated as Executive Non-Independent Director for a five-year term. Concurrently, Mr. Parthh Kaushik Mehta was appointed as the new Managing Director, also for a five-year term, subject to shareholder approval. The board also approved the standalone unaudited financial results for the quarter ended June 30, 2026, along with the auditor's report. Additionally, the company will sell company-owned cars to Mr. Avinash Vora, subject to shareholder approval.
Key Highlights
- Mr. Avinash Vora steps down as MD, becomes Executive Non-Independent Director.
- Mr. Parthh Mehta appointed as new Managing Director.
- Standalone unaudited financial results for Q1 FY27 declared.
- Sale of company cars to promoter Mr. Avinash Vora approved.
- Management changes are effective August 5, 2026.
Price Impact
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