Appointment of Mr. Manas Ranjan Palo as an additional Director (Non Executive Independent) of the Company
Awaiting price reaction for this filing.
Avi Products India Ltd's board, meeting on January 16, 2026, approved the appointment of Mr. Manas Ranjan Palo as an Additional Non-Executive Independent Director for a 5-year term. Mr. Saroj Kumar Choudhury was also appointed as an Additional Non-Executive Non-Independent Director for 5 years. Mrs. Shanu Jain was appointed as the new Company Secretary and Compliance Officer. M/s N.K. JALAN & CO. was reappointed as Statutory Auditors for a second 5-year term (FY 2025-26 to FY 2029-30), and M/s VKMG & Associates LLP was appointed as Secretarial Auditors for the same period. Board committees (Audit, Nomination & Remuneration, and Stakeholder Relationship) were also reconstituted with the new directors. All appointments are subject to shareholder approval at the next general meeting.
This is a routine governance update with no negative signals — no resignations, no auditor concerns. The expansion of the board and reappointment of existing auditors may improve compliance and oversight, but is unlikely to materially move the stock price.