NewsStocksAVI Products India Limited Appoints New Directors and Reappoints Auditors in Board MeetingAVI Products India Limited Appoints New Directors and Reappoints Auditors in Board Meeting
AVI Products India Limited's board meeting on January 16, 2026, resulted in significant governance enhancements with the appointment of two additional directors for 5-year terms, a new Company Secretary, and reappointment of statutory and secretarial auditors. The company also reconstituted its board committees to ensure compliance with regulatory requirements, with all appointments subject to shareholder approval.
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AVI Products India Limited conducted a comprehensive board meeting on January 16, 2026, approving several key appointments and reappointments that will strengthen the company's governance structure. The meeting, held at the company's registered office from 4:00 PM to 7:45 PM, addressed multiple strategic decisions under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Director Appointments
The board approved the appointment of two additional directors for five-year terms from January 16, 2026, to January 15, 2031, subject to member approval in the ensuing General Meeting.
| Position: | Name | DIN | Term |
|---|---|---|---|
| Additional Director (Non-Executive Independent): | Mr. Manas Ranjan Palo | 01933994 | 16-01-2026 to 15-01-2031 |
| Additional Director (Non-Executive Non-Independent): | Mr. Saroj Kumar Choudhury | 11143083 | 16-01-2026 to 15-01-2031 |
Mr. Manas Ranjan Palo brings extensive experience with his graduation from College of Engineering, OUAT University, Bhubaneshwar, along with 2 years of e-learning experience in the UK and 24 years of experience in e-learning and software development in India. Mr. Saroj Kumar Choudhury is an MBA graduate with over 25 years of professional experience and will serve on various board committees.
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 Companies Act compliance and Securities and Exchange Board of India regulations.
Auditor Reappointments
Based on Audit Committee recommendations, the board made significant auditor appointments for enhanced governance:
| Auditor Type: | Firm | Registration | Term |
|---|---|---|---|
| Statutory Auditors: | M/s N.K. JALAN & CO. | 104019W | FY 2025-26 to 2029-30 |
| Secretarial Auditors: | M/s. VKMG & Associates LLP | L2019MH005300 | FY 2025-26 to 2029-30 |
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 has a proven track record in statutory and internal audits of manufacturing companies. M/s. VKMG & Associates LLP brings expertise in secretarial audit services, compliance audits, and SEBI-related matters.
Board Committee Reconstitution
The board reconstituted its committees to comply with SEBI (LODR) 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 are subject to shareholder approval at the upcoming General Meeting, ensuring proper governance protocols are maintained throughout the transition process.
Historical Stock Returns for AVI Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.98% | +21.47% | -6.42% | +43.23% | +15.30% | +219.05% |
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