Revised Outcome of Board Meeting held on 27th March, 2026 under Regulation 30 of SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
Avi Products India has filed a revised outcome of its board meeting held on 27 March 2026, correcting a typographical error in the earlier submission. The revision clarifies that the company has appointed M/s. S A R A and Associates, Chartered Accountants (FRN: 120927W), based in Mumbai, as its new Statutory Auditor. This appointment fills a casual vacancy caused by the resignation of the previous Statutory Auditors and is subject to shareholder approval. The new audit firm, established in March 2001, is a Category I Chartered Accountant firm under ICAI classification and offers audit, tax, company law, and consultancy services. All other points from the original board meeting outcome remain unchanged.
This signals a mid-term change in the company's statutory auditor, which shareholders should monitor. While the new auditor is a well-established Category I firm, mid-term auditor resignations can sometimes indicate underlying concerns; investors may want to watch for the reasons behind the previous auditor's exit and the shareholder approval outcome.