AVI Products India Limited conducted a comprehensive board meeting on January 16, 2026, implementing significant organizational changes to strengthen its governance structure. The meeting, held at the company's registered office from 4:00 PM to 7:45 PM, resulted in multiple key appointments and committee reconstitutions in compliance with SEBI regulations.

New Director Appointments

The board approved two strategic director appointments for five-year terms from January 16, 2026, to January 15, 2031, subject to shareholder approval at the upcoming General Meeting.

Mr. Manas Ranjan Palo brings extensive technical expertise with his graduation from College of Engineering, OUAT University, Bhubaneshwar. His professional experience spans 24 years in e-learning and software development in India, complemented by 2 years of e-learning experience in the UK. Mr. Saroj Kumar Choudhury contributes significant business acumen as an MBA graduate with over 25 years of professional experience across various domains.

Key Management Appointment

The board appointed Mrs. Shanu Jain as Company Secretary and Compliance Officer effective January 16, 2026. Mrs. Jain 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 provisions and Securities and Exchange Board of India regulations.

Auditor Appointments and Reappointments

Based on Audit Committee recommendations, the board made crucial auditor appointments for enhanced financial oversight and compliance.

M/s N.K. JALAN & CO., Chartered Accountants, was reappointed for a second five-year term until the conclusion of the 41st Annual General Meeting. The firm demonstrates proven expertise in statutory and internal audits for multinational and reputed manufacturing companies. M/s. VKMG & Associates LLP was newly appointed as Secretarial Auditors, bringing specialized experience in secretarial audit services, compliance audits, and SEBI-related matters.

Board Committee Reconstitution

The board reconstituted three critical committees to ensure compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Audit Committee:

• Chairman: Manas Ranjan Palo
• Members: Saroj Kumar Choudhury, Daksha Nilesh Vora

Nomination and Remuneration Committee:

• Chairman: Manas Ranjan Palo
• Members: Saroj Kumar Choudhury, Daksha Nilesh Vora

Stakeholder Relationship Committee:

• Chairman: Saroj Kumar Choudhury
• Members: Manas Ranjan Palo, Avinash Dhirajlal Vora

All appointments are subject to shareholder approval at the ensuing General Meeting, demonstrating the company's commitment to transparent governance practices and regulatory compliance. The comprehensive organizational restructuring positions AVI Products India Limited for enhanced operational efficiency and strengthened corporate governance framework.

AVI Products India Limited announced comprehensive 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, addressed multiple governance and compliance matters under SEBI regulations.

Key Director Appointments

The board approved two significant director appointments, both subject to shareholder approval at the ensuing General Meeting. The appointments are designed to comply with provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

Mr. Manas Ranjan Palo brings extensive technical expertise, having graduated from College of Engineering from OUAT University, Bhubaneshwar. He possesses 24 years of experience in e-learning and software development in India, along with 2 years of experience in the UK for e-learning initiatives.

Mr. Saroj Kumar Choudhury is an MBA graduate with over 25 years of professional experience. He will serve as Additional Director (Non-Executive Non-Independent) and participate in various board committees.

Company Secretary Appointment

The board appointed Mrs. Shanu Jain as Company Secretary and Compliance Officer effective January 16, 2026. Mrs. Jain 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 Securities and Exchange Board of India regulations.

Auditor Appointments and Reappointments

Based on Audit Committee recommendations, the board made key auditor decisions for the upcoming five-year period:

M/s N.K. JALAN & CO. will serve their second term as Statutory Auditors until the conclusion of the 41st Annual General Meeting. The firm has a proven track record with multinational and reputed companies in India, with vast experience in statutory and internal audits of manufacturing companies.

Board Committee Reconstitution

The company reconstituted its board committees in compliance with 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)

All appointments and committee reconstitutions are subject to approval by shareholders at the upcoming General Meeting. The company confirmed that none of the newly appointed directors, company secretary, or auditors have any relationships with existing directors, ensuring independence and compliance with regulatory requirements.