Viraaj Pradeep Joshi has completed the sale of his entire shareholding in avi products through an off-market transaction, as disclosed in a regulatory filing with BSE Limited. The transaction involved the sale of 72,000 equity shares of face value Rs. 10 each, executed on January 30, 2026.

Transaction Details

The sale represents a complete exit by Joshi from his investment in AVI Products India Limited. The transaction details are summarized below:

Shareholding Pattern Changes

The sale has resulted in a complete divestment of Joshi's stake in the company:

Company Capital Structure

AVI Products India Limited's equity share capital remains unchanged following this transaction. The company's capital structure consists of:

• Total Equity Share Capital: Rs. 3,30,68,020
• Number of Equity Shares: 33,06,802 shares
• Face Value per Share: Rs. 10

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Joshi confirmed that he does not belong to the promoter or promoter group of the company. The filing was submitted to BSE Limited, where AVI Products India Limited shares are listed under scrip code 523896.

Investor Profile

Viraaj Pradeep Joshi, based in Mumbai, held the shares as a non-promoter investor. The disclosure indicates that he had no encumbrances, voting rights other than through shares, or convertible securities in the company before or after the transaction. This complete exit marks the end of his investment in AVI Products India Limited.

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.