AVI Products India Limited announced significant board and governance changes following its board meeting held on January 16, 2026, at 4:00 PM at the company's registered office. The meeting, which concluded at 7:45 PM, addressed key appointments and reappointments to strengthen the company's corporate governance structure.

Director Appointments

The board approved the appointment of two new directors for five-year terms, both subject to shareholder approval at the upcoming General Meeting. The appointments are part of the company's efforts to comply with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

Mr. Manas Ranjan Palo brings extensive experience to the board, having graduated from College of Engineering, 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 an Additional Director and participate in various board committees. Both directors have no existing relationships with current board members.

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 and Securities and Exchange Board of India regulations.

Auditor Reappointments

Based on Audit Committee recommendations, the board made important auditor appointments for enhanced financial oversight:

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 for multinational and reputed manufacturing companies in India.

M/s. VKMG & Associates LLP, Practicing Company Secretaries, was appointed as Secretarial Auditors, bringing experience in secretarial audit services, compliance audits, and SEBI-related matters.

Board Committee Reconstitution

The board reconstituted its committees to ensure 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 reappointments are subject to shareholder approval at the ensuing General Meeting, demonstrating the company's commitment to transparent governance practices and regulatory compliance.

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.

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:

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.