Appointment of Mr. Saroj Kumar Choudhary as an Additional Director (Non Executive-Non Independent) of the Company
Awaiting price reaction for this filing.
Avi Products India Limited held a board meeting on January 16, 2026 and approved multiple governance changes. Two new directors were appointed for 5-year terms: Mr. Manas Ranjan Palo as Additional Independent Director and Mr. Saroj Kumar Choudhury as Additional Non-Executive Non-Independent Director, both unrelated to existing directors. Mrs Shanu Jain was appointed as the new Company Secretary and Compliance Officer. Statutory auditors M/s N.K. JALAN & CO. were reappointed for a second 5-year term covering FY 2025-26 to 2029-30, while M/s VKMG & Associates LLP was appointed as Secretarial Auditors for 5 years. The Audit, Nomination & Remuneration, and Stakeholder Relationship Committees were reconstituted with the new directors.
This is a routine governance overhaul that strengthens board composition and audit oversight, helping the small-cap company meet SEBI listing requirements. With no resignations, governance flags, or related-party appointments disclosed, the stock price impact is likely neutral to marginally positive as compliance gaps appear to be addressed.