BSEAvi Products India LtdHighNeutral
Announced Wed, 5 Aug, 2026 · 13:25 IST
Avi Products appoints new MD; Q1 loss at Rs 17.86 lakh
Price reaction
Awaiting price reaction for this filing.
AI summary
Avi Products India board approved Q1 FY27 results: net loss Rs 17.86 lakh vs Rs 39.62 lakh YoY; total income fell to Rs 7.80 lakh from Rs 62.56 lakh. Avinash Vora resigned as MD, re-designated as Executive Director. Parthh Kaushik Mehta from PPMS Real Estates (new promoter) appointed new MD for 5 years, pending shareholder approval. Board also approved sale of company cars to Vora for Rs 5.23 lakh.
Likely market impact
Leadership change with new MD from acquirer PPMS Real Estates may bring fresh direction, but shrinking income and ongoing losses remain a concern for shareholders.