Change in Corporate Office Address
Awaiting price reaction for this filing.
On 7th May 2025, the board of AVI Polymers Ltd approved multiple senior management changes effective the same day. Mr. Nishit Yogeshbhai Patel (10 years of experience in financial strategy, budgeting and compliance) was appointed as the new Chief Financial Officer, replacing Mr. Mitesh Bhupatbhai Meghani, who resigned. Ms. Ritu Tiwari, a qualified Company Secretary with 8+ years in corporate law and SEBI matters, was appointed as the new Company Secretary and Compliance Officer, replacing Ms. Monika Shah. Both outgoing KMPs cited 'facilitating the new management to re-constitute the team' as the reason for their resignation. Additionally, the corporate office has been shifted from Vastrapur, Ahmedabad to Sardar Ganj, Anand (Gujarat).
The phrase 'new management' in both resignation letters suggests a possible change in control or promoter-level reshuffle, which is a material development for shareholders to watch. The address shift to Anand (Gujarat) and the simultaneous appointment of a new CFO and CS signal a broader restructuring rather than routine admin changes.