Notice of Extra Ordinary General Meeting held on Tuesday March 17, 2026 at 02.00 P.M.
Awaiting price reaction for this filing.
Avi Products India Ltd (BSE: 523896) has called an Extra Ordinary General Meeting on Tuesday, March 17, 2026 at 2:00 PM via video conferencing. The EGM has seven items for shareholder approval: regularization/appointment of Mr. Manas Ranjan Palo as Non-Executive Independent Director for 5 years, regularization/appointment of Mr. Saroj Kumar Choudhury as Non-Executive Non-Independent Director, appointment of M/s N K Jalan & Co. as Statutory Auditor for FY2025-26 to FY2029-30, appointment of M/s VKMG & Associates LLP as Secretarial Auditor for the same 5-year term, enhancement of borrowing limits to Rs. 500 crores, authorization to create security on company assets under Section 180(1)(a) up to Rs. 500 crores, and authorization under Section 186 for loans, guarantees and investments up to Rs. 500 crores. The cut-off date for e-voting eligibility is March 10, 2026, with remote e-voting open from March 14 (9:00 AM) to March 16 (5:00 PM).
The big-ticket items are the Rs. 500 crore borrowing limit and Section 186 investment authorizations, which are substantial relative to this small-cap company and could signal plans for significant expansion, debt raise, or acquisitions. Director appointments and a 5-year auditor lock-in are routine governance items with neutral impact. Shareholders should review the borrowing and investment resolutions carefully as they give the board wide financial latitude.