Q1 FY27 loss narrows to Rs 17.86L; MD change and promoter car sale disclosed

Avi Products India posted Q1 FY27 income from operations of Rs 7.52 lakh, down sharply from Rs 58.21 lakh YoY. Total income fell to Rs 7.80 lakh. Net loss narrowed to Rs 17.86 lakh from Rs 39.62 lakh. EPS was minus 0.54. Board approved Avinash Vora re-designation as Executive Non-Independent Director, appointed Parthh Mehta as new MD for 5 years, and disclosed sale of company cars worth Rs 5.24 lakh to promoter Avinash Vora as a related party transaction.