Reappointment of M/S N. K. Jalan & Co. Chartered Accountants as a Statutory Aufitor of the Company.
Awaiting price reaction for this filing.
The board of Avi Products India Ltd met on January 16, 2026 and approved several governance changes. Two new directors were appointed for 5-year terms: Mr. Manas Ranjan Palo as an Additional Non-Executive Independent Director and Mr. Saroj Kumar Choudhury as an Additional Non-Executive Non-Independent Director. Mrs Shanu Jain was appointed as the new Company Secretary and Compliance Officer. M/s N.K. Jalan & Co., Chartered Accountants were reappointed as Statutory Auditors for a second 5-year term covering FY2025-26 to FY2029-30. M/s VKMG & Associates LLP were appointed as Secretarial Auditors for 5 years. The Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee were reconstituted with the new directors. All appointments are subject to shareholder approval at the next general meeting.
These are routine regulatory and governance housekeeping changes — bringing in independent directors, a company secretary, and renewing auditors to comply with listing rules. No material negative signal for shareholders; continuity of the existing statutory auditor is a neutral-to-positive indicator.