AVI Products India Limited has announced a comprehensive board meeting scheduled for April 23, 2026, to address significant corporate governance and structural changes. The meeting, called under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, comes after the acquirer has deposited 100% amount in the escrow account as per Regulation 22(2A) of SEBI (SAST) Regulations, 2011, enabling the acquirer's induction on the board.

Key Agenda Items

The board meeting will address multiple critical corporate matters that require board approval and subsequent member consent:

Corporate Restructuring Initiatives

The meeting agenda reflects significant organizational changes following the takeover regulations compliance. The company plans to appoint new leadership with a new managing director, subject to necessary approvals. Additionally, the board will consider changing the registered office location and amending the main object clause of the Memorandum of Association, indicating potential business direction shifts.

Audit and Compliance Framework

AVI Products India Limited will establish a new audit framework for the financial year 2026-27. The board will appoint both an internal auditor and a new secretarial auditor, ensuring robust compliance and internal control mechanisms. The reconstitution of various committees will align governance structures with the new ownership and management framework.

Regulatory Compliance and Approval Process

All proposed changes are subject to necessary regulatory approvals and will require member consent through a postal ballot process. The board will consider and approve the postal ballot notice during the meeting, enabling shareholders to vote on the comprehensive transformation agenda. The company has notified BSE Limited of the meeting schedule, maintaining transparency with stock exchange requirements.

The meeting represents a pivotal moment for AVI Products India Limited as it transitions under new ownership while ensuring compliance with all applicable regulations and maintaining corporate governance standards.

AVI Products India Limited has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 to BSE Limited, demonstrating adherence to regulatory requirements for securities dematerialisation processes.

Regulatory Filing Details

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on 08-04-2026. The submission covers the quarter ended 31st March 2026 and was signed by Managing Director Avinash D. Vora.

Registrar Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, issued the confirmation certificate as the company's Registrar and Transfer Agent. The certificate, dated 01st April 2026, was signed by Ashok Shetty, Sr. Vice President-Corporate Registry.

The registrar confirmed that securities received from depository participants for dematerialisation during the quarter ended 31st March 2026 were properly processed. All securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are traded.

Compliance Confirmation

MUFG Intime India Private Limited confirmed several key compliance aspects:

• Securities received for dematerialisation were confirmed or rejected within prescribed timelines
• Security certificates received were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners
• All processes adhered to regulatory requirements and timelines

The filing demonstrates AVI Products India Limited's ongoing compliance with SEBI regulations governing depositories and participants, ensuring proper handling of securities dematerialisation processes during the reporting quarter.