AVI Products India Limited has witnessed a significant shareholding change as PPMS Real Estates LLP disclosed the acquisition of 8,19,868 equity shares representing 24.79% of the company's voting share capital. The acquisition was completed through a combination of open market and off-market transactions executed between February 11-13, 2026, as disclosed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Acquisition Transaction Details

The shareholding acquisition was executed through multiple transactions over a three-day period. PPMS Real Estates LLP acquired 26,818 equity shares through open market transactions and 7,93,050 equity shares through off-market deals, totaling 8,19,868 shares.

Shareholding Pattern Changes

Prior to this acquisition, PPMS Real Estates LLP held zero shares in AVI Products India Limited. The acquisition of 8,19,868 equity shares has resulted in the acquirer gaining a substantial 24.79% voting stake in the target company. The company's total equity share capital remains unchanged at ₹3,30,68,020 divided into 33,06,802 equity shares of ₹10 each.

Regulatory Compliance and Corporate Structure

The disclosure has been filed with BSE Limited, where AVI Products India Limited shares are listed under scrip code 523896. PPMS Real Estates LLP, structured as a Limited Liability Partnership, is not part of the promoter or promoter group of the target company. The acquisition represents a strategic investment by the LLP in the manufacturing company.

Parth Kaushik Mehta, serving as Designated Partner with DIN 05251177, signed the regulatory disclosure on behalf of PPMS Real Estates LLP. The LLP operates from Mumbai with contact details including phone number 022 6865 4848 and email info@paradigmrealty.co.in . The acquisition did not involve any encumbrances, warrants, or convertible securities, representing a straightforward equity stake purchase.

Market Implications

The substantial acquisition by PPMS Real Estates LLP positions the entity as a significant stakeholder in AVI Products India Limited. The 24.79% voting stake provides considerable influence over corporate decisions and strategic direction of the target company. The transaction was completed without any conditions related to minimum acceptance levels or competing offers, indicating a direct strategic investment approach by the acquirer.

AVI Products India Limited has concluded its board meeting held on February 12, 2026, announcing the company's Q3FY26 unaudited financial results along with significant management changes and corporate governance updates.

Q3FY26 Financial Performance

The company reported challenging financial results for the quarter ended December 31, 2025, with a significant decline in operational performance compared to the previous year.

For the nine months ended December 31, 2025, the company recorded total income of ₹123.10 lakhs compared to ₹325.79 lakhs in the corresponding period of the previous year, representing a decline of 62.22%. The net loss for the nine-month period stood at ₹137.66 lakhs against a profit of ₹3.10 lakhs in the previous year.

Key Management Changes

The board meeting resulted in significant changes to the company's key management personnel, ensuring continuity in corporate governance and compliance functions.

Miss. Shreyana Satyashodhak Koyande brings professional experience in ensuring compliance with the Companies Act, 2013 and various SEBI Regulations. She holds a Bachelor's degree in Commerce and Bachelor of Laws from the University of Mumbai, with expertise in listing compliances, regulatory filings, and stock exchange submissions.

Statutory Auditor Reappointment and Corporate Updates

The board approved the re-appointment of M/s. N K Jalan & Co, Chartered Accountants (Firm Registration No. 104019W) as Statutory Auditors for a second term of 5 years from financial year 2025-2026 to 2029-2030, extending until the conclusion of the 41st Annual General Meeting.

The company has also rescheduled its Extra-Ordinary General Meeting to Tuesday, March 17, 2026 at 2:00 PM through Video-conference and Other Audio-Visual Means, following an earlier announcement made on February 2, 2026.

Segment Performance Analysis

The company's primary revenue stream from E-commerce operations showed significant decline, with segment revenue dropping to ₹33.22 lakhs in Q3FY26 from ₹112.77 lakhs in Q3FY25. The E-commerce segment recorded a loss of ₹42.56 lakhs before tax and interest for the quarter, compared to a loss of ₹1.37 lakhs in the corresponding quarter of the previous year.

The board meeting, which commenced at 4:30 PM and concluded at 7:15 PM, was held at the company's registered office in Vasai (East), Maharashtra. All decisions were made in compliance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.