AVI Products India Limited has announced a board meeting scheduled for Friday, March 27, 2026 at 4:00 PM at the company's registered office. The meeting has been called pursuant to Regulation 29 and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Agenda

The board meeting will be held at the company's registered office located at 110 Manish Industrial Estate No 4, Navghar, Vasai (East), District Palghar 401210. The company has outlined the following agenda items for consideration:

Regulatory Compliance

The company has formally communicated this board meeting intimation to BSE Limited, where it is listed under BSE code 523896. This notification fulfills the company's obligations under SEBI's listing regulations, which require companies to inform stock exchanges about board meetings in advance.

Company Leadership

The intimation was signed by Avinash D. Vora, Managing Director of AVI Products India Limited, who holds DIN 02454059. The document was digitally signed on March 23, 2026 at 19:30:09 +05'30, ensuring proper authentication and compliance with digital documentation requirements.

The appointment of a statutory auditor represents a significant governance decision for the company, as statutory auditors play a crucial role in ensuring financial transparency and regulatory compliance for listed entities.

AVI Products India Limited has notified BSE Limited regarding a significant change in its statutory auditor arrangement. The company announced that M/s. N K Jalan & Co, Chartered Accountants, has expressed unwillingness to continue serving as the statutory auditor effective March 23, 2026.

Auditor Transition Details

The auditing firm N K Jalan & Co (Firm Registration No. 104019W) communicated their decision through a formal letter dated March 23, 2026. The firm cited better professional engagement as the primary reason for their unwillingness to continue the audit assignment.

Auditor Tenure and Service History

N K Jalan & Co had been serving as the statutory auditor since their appointment at the 31st Annual General Meeting held on December 28, 2020. Their original term was scheduled to conclude at the 36th Annual General Meeting of the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification includes comprehensive details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024.

Impact on Upcoming Meeting

The auditor's unwillingness letter specifically requested that the company not place the resolution for their appointment in the forthcoming Extraordinary General Meeting scheduled for March 24, 2026. N K Jalan & Co had initially provided consent for appointment through a letter dated October 30, 2025.

Company Response

AVI Products India Limited, through Managing Director Avinash D. Vora (DIN: 02454059), has formally acknowledged the auditor's decision and submitted the required documentation to BSE Limited. The company confirmed that the auditor reported no concerns or issues prior to expressing their unwillingness to continue.

The auditor confirmed in their declaration that there were no material reasons beyond the stated professional engagement considerations for their decision to step down from the statutory audit assignment.