AVI Products India Limited (BSE: APIL) has scheduled a meeting of its Board of Directors for Monday, August 24, 2026. The primary objective of the gathering is to finalize the logistics for the company’s upcoming Annual General Meeting (AGM) for the financial year 2025-2026.

The Board intends to fix the day, date, and time for the AGM. Additionally, directors will determine the book closure period required to establish the list of shareholders eligible to vote and receive dividends.

Agenda Details

Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board will address the following key items:

• Approve the Notice of Annual General Meeting, including the Board’s Report and all associated documents for the financial year ended March 31, 2026.
• Appoint a scrutinizer to oversee the e-voting process during the AGM.
• Consider any other matters with the permission of the Chair.

The intimation was issued on August 17, 2026, by Ameya Tandulkar, Director of AVI Products India Limited.

AVI Products India Limited reported a narrowed net loss of ₹17.86 lakh for the quarter ended June 30, 2026 (Q1FY26), down from ₹39.62 lakh in the same period last year. The Mumbai-based company’s Board of Directors approved the standalone unaudited financial results on August 05, 2026, alongside major leadership transitions following a change in control. The reduced loss reflects lower operational expenses and finance costs, although the company recorded no income from operations during the quarter. These results were subsequently published in The Free Press Journal and Navshakti on August 06, 2026, pursuant to Regulation 47(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board also approved the appointment of Parthh Kaushik Mehta as Managing Director for a term of five years, effective August 05, 2026, subject to shareholder approval. Concurrently, Avinash Dhirajlal Vora resigned from the position of Managing Director and was re-designated as an Executive Non-Independent Director for a similar five-year term. These changes follow the acquisition of 37.88% of the company’s equity shares by PPMS Real Estates LLP, which completed its open offer process to public shareholders at ₹33 per share.

Financial Performance Overview

The company’s total income stood at ₹7.80 lakh in Q1FY26, derived entirely from other income, as income from operations remained at zero. This compares to total income of ₹62.56 lakh in Q1FY25, which included ₹58.21 lakh from operations. Total expenses decreased significantly to ₹27.67 lakh from ₹102.18 lakh in the prior year quarter. Key expense reductions included employee benefits, which fell to ₹3.22 lakh from ₹10.69 lakh, and other expenses, which dropped to ₹20.87 lakh from ₹23.59 lakh. Finance costs were minimal at ₹0.13 lakh compared to ₹2.02 lakh previously.

Leadership Transition Details

Parthh Kaushik Mehta brings over 18 years of experience in real estate strategy, valuation, and business development. An alumnus of S.P. Jain Centre of Management, he previously served as Chief Executive Officer of a Mumbai-based real estate firm and has extensive expertise in Slum Rehabilitation Authority projects and joint ventures. He is a business partner with Ameya Vivek Tandulkar in PPMS Real Estates LLP, the company’s new promoter group. Avinash Vora, an existing promoter and father of director Vikaram Vora, continues in an executive capacity but steps down from the managing director role.

Related Party Transaction

The Board approved the sale of cars owned by the company to Avinash Vora for ₹5,23,660. The transaction, classified as a related party transaction conducted at arm’s length, is subject to shareholder approval and is expected to be completed by October 31, 2026. The sales invoice was generated on June 30, 2026. SARA & Associates, the statutory auditors, issued a limited review report on the financial results, confirming compliance with Ind AS 34 and SEBI Listing Regulations.