Appointment of Statutory Auditor
Awaiting price reaction for this filing.
Avi Products India Ltd has appointed M/s. S A R A and Associates, Chartered Accountants (Firm Registration Number: 120927W), based in Mumbai, as the new Statutory Auditor of the company with effect from 27th March 2026. The appointment is to fill the casual vacancy caused by the resignation of the existing Statutory Auditors and is subject to shareholder approval. The firm, established in March 2001, is a Category I Chartered Accountant firm specializing in audit, tax, company law, and consultancy services. This is a revised disclosure submitted to BSE to correct a typographical error in the original outcome of the 27th March 2026 board meeting. No other changes were made to the original outcome.
The mid-term change of statutory auditor is a governance event investors should note, as it may raise questions about the circumstances of the previous auditor's resignation. Pending shareholder approval, it is currently a routine regulatory disclosure with no immediate material impact on the stock price.