Board approves Q1 results, MD change, and sale of cars to promoter

Avi Products India Ltd's board approved Q1 FY27 standalone results showing revenue from operations of Rs 7.52 lakh (vs Rs 117.95 lakh YoY). Net loss narrowed to Rs 17.86 lakh from Rs 39.62 lakh. MD Avinash Vora re-designated as Executive Non-Independent Director; Parthh Kaushik Mehta appointed as new MD for 5 years. Board also approved sale of company cars to Mr Vora for Rs 5,23,660, a related party transaction at arm's length, subject to shareholder approval.