Saroj Kumar Choudhury Acquires 11.04% Stake in AVI Products India Limited

Saroj Kumar Choudhury has made a substantial acquisition in AVI Products India Limited, acquiring 11.04% stake in the company through an off-market transaction. The disclosure was filed under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The transaction involved the acquisition of 3,65,030 equity shares, representing 11.04% of the company's total share capital and voting rights. Prior to this acquisition, Choudhury held no shares in AVI Products India Limited.

Parameter	Details
Shares Acquired	3,65,030
Percentage of Total Capital	11.04%
Transaction Mode	Off Market
Transaction Date	January 17, 2026
Acquirer Status	Non-Promoter

Post-Acquisition Holdings

Following the completion of this transaction, Saroj Kumar Choudhury's total holding in AVI Products India Limited stands at 3,65,030 shares, representing 11.04% of the company's voting capital. The acquirer does not belong to the promoter or promoter group of the target company.

Holding Category	Number of Shares	Percentage
Shares Carrying Voting Rights	3,65,030	11.04%
Encumbered Shares	-	-
Total Holdings	3,65,030	11.04%

Regulatory Compliance

The disclosure was submitted to both BSE Limited and AVI Products India Limited's compliance officer as required under SEBI regulations. The acquirer, identified by PAN AFCPC8895E, is based in Noida, Uttar Pradesh. The acquired equity shares will rank pari-passu with the existing shares of the company, carrying equal voting rights and dividend entitlements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.98%	+21.45%	-1.77%	+58.25%	+31.87%	+250.50%

AVI Products India Limited announced major board restructuring and key appointments following its board meeting held on January 16, 2026. The meeting, which commenced at 4:00 PM and concluded at 7:45 PM at the company's registered office, resulted in several strategic appointments aimed at strengthening corporate governance and regulatory compliance.

Key Director Appointments

The board approved two significant director appointments, both subject to shareholder approval at the upcoming general meeting. The appointments reflect the company's commitment to enhancing board expertise and maintaining regulatory compliance.

Position	Name	DIN	Term	Type
Additional Director	Mr. Manas Ranjan Palo	01933994	January 16, 2026 to January 15, 2031	Non-Executive Independent
Additional Director	Mr. Saroj Kumar Choudhury	11143083	January 16, 2026 to January 15, 2031	Non-Executive Non-Independent

Mr. Manas Ranjan Palo brings substantial technical and international experience to the board. He holds a graduation degree from College of Engineering, OUAT University, Bhubaneshwar, and possesses 24 years of experience in e-learning and software development in India, complemented by 2 years of e-learning experience in the UK.

Mr. Saroj Kumar Choudhury, an MBA graduate, contributes over 25 years of professional experience to the board. His extensive background will support the company's strategic initiatives and governance framework.

Management and Audit Appointments

The board strengthened its compliance framework through key management and audit appointments. Mrs. Shanu Jain was appointed as Company Secretary and Compliance Officer effective January 16, 2026. She is an Associate member of the Institute of Company Secretaries of India (Membership No. A42408) with specialized expertise in compliance and governance management, particularly in Companies Act and SEBI regulations.

Appointment Type	Firm/Individual	Registration/Membership	Term
Statutory Auditors	M/s N.K. JALAN & CO.	Firm Registration No. 104019W	FY 2025-26 to 2029-30
Secretarial Auditors	M/s. VKMG & Associates LLP	FRN: L2019MH005300	FY 2025-26 to 2029-30
Company Secretary	Mrs. Shanu Jain	Membership No. A42408	From January 16, 2026

Board Committee Reconstitution

Following the new appointments, the company reconstituted its board committees to ensure optimal governance structure and regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Audit Committee:

Manas Ranjan Palo – Chairman
Saroj Kumar Choudhury – Member
Daksha Nilesh Vora – Member

Nomination and Remuneration Committee:

Manas Ranjan Palo – Chairman
Saroj Kumar Choudhury – Member
Daksha Nilesh Vora – Member

Stakeholder Relationship Committee:

Saroj Kumar Choudhury – Chairman
Manas Ranjan Palo – Member
Avinash Dhirajlal Vora – Member

Regulatory Compliance and Shareholder Approval

All appointments were made in compliance with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. The director appointments and auditor reappointments are subject to shareholder approval at the ensuing general meeting. The statutory auditor reappointment represents their second term, extending until the conclusion of the 41st Annual General Meeting.

The company confirmed that none of the newly appointed individuals have any relationships with existing directors, ensuring independence and objectivity in board functioning. These strategic appointments position AVI Products India Limited to enhance its governance framework and operational efficiency while maintaining strict regulatory compliance.