ENCLOSED HEREWITH DISCLOSURE UNDER REG 30 OF SEBI (LODR) REG, 2015 RELATING TO APPOINTMENT OF M/S. SARA AND ASSOCIATES, CHARTERED ACCOUNTANTS
Awaiting price reaction for this filing.
Avi Products India Ltd informed the stock exchange that its existing statutory auditor, M/s. N K Jalan & Co, has expressed unwillingness to continue in the role effective 23rd March 2026, citing better professional engagement. The auditor confirmed there were no concerns with the company and submitted its last limited review report for the quarter ended 31st December 2025. To fill the resulting casual vacancy, the board has appointed M/s. SARA and Associates, Chartered Accountants (FRN: 120927W), Mumbai, as the new statutory auditor for a 5-year term, subject to shareholder approval. An Extraordinary General Meeting has been scheduled for 27th April 2026 to seek this approval, with M/s. Aparna Tripathi & Associates appointed as scrutinizer for the e-voting process.
A mid-term auditor change during the audit cycle can be viewed cautiously by investors, but the outgoing auditor flagged no governance or financial concerns, which limits negative read-through. Shareholders should watch the EGM outcome on 27th April 2026 for formal approval of the new auditor.