Avi Products India Ltd

AVI Products India Ltd's board approved the standalone audited financial results for the quarter and year ended March 31, 2026. The company reported revenue from operations of ₹117.95 lakhs for the year ended March 31, 2026, compared to ₹470.80 lakhs in the previous year. The company incurred a loss of ₹194.26 lakhs for the year ended March 31, 2026. The board did not declare a dividend for the financial year 2025-2026.

Avi Products India Ltd's board approved the standalone audited financial results for the quarter and year ended March 31, 2026. The company reported a loss of ₹194.26 Lakhs for the year ended March 31, 2026. No dividend was declared for the financial year 2025-2026. The meeting commenced at 11:00 AM and concluded at 12:00 PM.

Avi Products India Ltd has scheduled a Board of Directors meeting on May 30, 2026, to approve the standalone audited financial results for the quarter and year ended March 31, 2026, and to consider recommending a dividend for the financial year 2025-26. The trading window is closed from April 1, 2026, until 48 hours after the declaration of the audited financial results, which will be until June 2, 2026.

Mark Corporate Advisors, manager to the open offer for AVI Products India, announced the offer opening on May 12, 2026. PPMS Real Estates LLP is making an open offer to acquire up to 859,769 equity shares of AVI Products India at a price of ₹33.00 per share, representing 26.00% of the voting share capital. The Committee of Independent Directors (IDC) finds the offer fair and reasonable.

The Independent Directors Committee (IDC) of Avi Products India Ltd has submitted its recommendation to the BSE regarding the open offer to public shareholders under Regulation 26(7) of SEBI (SAST) Regulations, 2011. The IDC has recommended the open offer, stating that the offer price of ₹33.00 per equity share is fair and reasonable, based on a review of the Public Announcement, Detailed Public Statement, and Letter of Offer. The open offer is for the acquisition of up to 859,769 equity shares, representing 26.00% of the voting share capital.

Mark Corporate Advisors, manager to the offer, submitted a Letter of Offer to BSE for the open offer to public shareholders of Avi Products India Ltd. PPMS Real Estates LLP is making an open offer to acquire up to 859,769 equity shares of Avi Products, representing 26% of the voting share capital, at a price of ₹33 per share, payable in cash. The offer is unconditional and not a competing offer.

Avi Products India Ltd held an Extra Ordinary General Meeting (EOGM) on April 27, 2026, via video conferencing. The meeting addressed the appointment of M/S S A R A and Associates as the Statutory Auditors. Shareholders were given the opportunity to vote electronically, and the results were to be announced within 48 hours. Directors and key management personnel attended the meeting.

Avi Products India Ltd's board meeting on April 23, 2026, approved several key decisions, including the appointment of additional directors (executive and non-executive), CFO, and Company Secretary. The board also accepted the resignations of the CFO, Company Secretary, and several directors due to a change in control and management. Additionally, the board appointed internal and secretarial auditors.

Avi Products India Ltd announced a significant overhaul of its management and auditors following a change in control. The board approved the appointment of six new directors, including Mr. Parthh K Mehta as Additional Executive Director and Chairman. Concurrently, four existing directors resigned. Ms. Hemali Pankaj Patel resigned as CFO, replaced by Mr. Nikunj Bharatbhai Gandhi. Ms. Shreyana Satyashodhak Koyande resigned as Company Secretary and Compliance Officer, with Ms. Renu Choudhary appointed in her place. Additionally, M/S K. C. Shrimanker & Associates were appointed as Internal Auditors, and M/s. Pooja Gala & Associate as Secretarial Auditors, replacing VKMG & Associates LLP. All changes are effective April 23, 2026.

Avi Products India Ltd's Board approved significant management and auditor changes, effective April 23, 2026. This includes the appointment of six new directors, including a new Executive Director and Chairman, and three independent directors. Concurrently, four existing directors resigned due to a 'change of control and management'. The company also appointed a new Chief Financial Officer and Company Secretary, replacing the outgoing personnel. Furthermore, new internal and secretarial auditors were appointed, and the registered office is being relocated from Thane to Mumbai.