Avi Products India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/04/2026 ,inter alia, to consider and approve Pursuant to Regulation 29 ....
Awaiting price reaction for this filing.
Avi Products India Ltd has informed BSE that a Board meeting is scheduled for April 23, 2026. The meeting agenda includes appointment of new Additional Directors and a new Managing Director, which follows an open offer scenario under SEBI SAST Regulations where the Acquirer has deposited 100% of the offer amount in escrow. Additionally, the company plans to change its registered office and main object clause of its Memorandum of Association, suggesting a potential change in business direction or control. New internal and secretarial auditors will also be appointed, and a Postal Ballot notice will be issued for shareholder approval on these matters.
This meeting indicates a likely change in control of the company, with new management being inducted following the acquirer's compliance with open offer requirements. Shareholders should monitor outcomes as changes to business objects and management could significantly impact company strategy.