AVI Products India Limited announced major 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, resulted in significant governance changes aimed at strengthening the organization's leadership structure.

Director Appointments

The board approved two key director appointments for five-year terms. The appointments demonstrate the company's commitment to enhancing its board composition with experienced professionals.

Mr. Manas Ranjan Palo brings substantial expertise with his graduation from College of Engineering, OUAT University, Bhubaneshwar, and 24 years of experience in e-learning and software development in India, plus 2 years of e-learning experience in the UK. 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 compliance and governance management, particularly in Companies Act and Securities and Exchange Board of India regulations.

Auditor Appointments

Based on Audit Committee recommendations, the board made strategic auditor appointments for enhanced governance oversight.

M/s N.K. JALAN & CO. was reappointed for a second five-year term until the conclusion of the 41st Annual General Meeting, leveraging their 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 three key committees to ensure effective governance with the newly appointed directors taking leadership roles.

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 and reappointments are subject to shareholder approval at the ensuing General Meeting. The company confirmed that none of the newly appointed individuals have any relationships with existing directors, ensuring independence in governance structures.

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.