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.

AVI Products India Limited has announced a board meeting scheduled for January 16, 2026, to consider significant governance matters including the appointment of independent directors and board reconstitution. The company issued this intimation on January 12, 2026, in compliance with regulatory requirements.

Meeting Details and Agenda

The board meeting will be held on Friday, January 16, 2026, at 4:00 PM at the company's registered office. The meeting location is situated at 110, Manish Ind Est. No. 4, Navghar Rd, Vasai (E), Dist: Palghar - 401210, Maharashtra, India.

Key Agenda Items

The board will deliberate on several important matters during the meeting:

• Appointment of Independent Directors: The primary focus will be on selecting and appointing new independent directors to strengthen the board's governance structure
• Reconstitution of Board: The company plans to restructure its board composition as part of corporate governance enhancement
• Additional Matters: Any other business items may be considered with the board's permission

Regulatory Compliance

The intimation has been issued pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings in advance, ensuring transparency in corporate governance processes.

Company Information

AVI Products India Limited, incorporated in 1989, operates from its registered office in Vasai, Maharashtra. The company is listed on BSE with script code 523896 and maintains its corporate identification number as L24200MH1989PLC050913. Managing Director Avinash D. Vora, holding DIN 02454059, signed the official intimation to the exchange.