Outcome of board meeting held on September 05,2025.
Awaiting price reaction for this filing.
AVI Polymers held a board meeting on September 5, 2025, which concluded in just 15 minutes. The board accepted the resignation of secretarial auditor M/s Jalan Alkesh & Associates (citing pre-occupation) and appointed M/s SCS & CO. LLP as the new secretarial auditor for FY 2024-25. Three new directors were appointed: Mr. Sadhu Jignesh Harendrabhai and Ms. Varsha Prajapat as Additional Non-Executive Independent Directors, and Mr. Harsh Parmar as Additional Executive Director. Simultaneously, two independent directors (Ms. Sapna and Mr. Ram Kumar Singh) and the Company Secretary & Compliance Officer (Ms. Ritu Tiwari) resigned, citing pre-occupation and other professional commitments. All changes are effective September 5, 2025.
The reshuffle of directors and key managerial personnel is a routine corporate governance update, but the back-to-back resignations along with new appointments on the same day indicate a significant board-level overhaul. Retail investors should watch for the next quarterly filing to see whether the new directors and auditor bring any strategic direction or governance improvements to this small-cap company (BSE Scrip Code: 539288).