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Management Change5 Aug 2026, 01:31 pm

Avi Products India: Management Changes and Financial Results Announced

AI Summary

Avi Products India Ltd announced significant changes in its board and management following a board meeting on August 5, 2026. Mr. Avinash Dhirajlal Vora has been re-designated from Managing Director to Executive Non-Independent Director for a five-year term. Concurrently, Mr. Parthh Kaushik Mehta has been appointed as the new Managing Director, also for a five-year term, subject to shareholder approval. The company also approved the standalone unaudited financial results for the quarter ended June 30, 2026, along with the limited review report from SARA & Associates. Additionally, the sale of company cars to Mr. Avinash Vora, an existing promoter, was approved, pending shareholder consent. The board meeting commenced at 11:00 AM and concluded at 12:55 PM.

Key Highlights

  • Mr. Avinash Vora re-designated from MD to 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.
  • Appointments are subject to shareholder approval.