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 several strategic appointments aimed at strengthening corporate governance and regulatory compliance.

Key Director Appointments

The board approved two significant director appointments, both subject to shareholder approval at the upcoming general meeting. The appointments reflect the company's commitment to enhancing board expertise and maintaining regulatory compliance.

Mr. Manas Ranjan Palo brings substantial technical and international experience to the board. He holds a graduation degree from College of Engineering, OUAT University, Bhubaneshwar, and possesses 24 years of experience in e-learning and software development in India, complemented by 2 years of e-learning experience in the UK.

Mr. Saroj Kumar Choudhury, an MBA graduate, contributes over 25 years of professional experience to the board. His extensive background will support the company's strategic initiatives and governance framework.

Management and Audit Appointments

The board strengthened its compliance framework through key management and audit appointments. Mrs. Shanu Jain was appointed as Company Secretary and Compliance Officer effective January 16, 2026. She 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 SEBI regulations.

Board Committee Reconstitution

Following the new appointments, the company reconstituted its board committees to ensure optimal governance structure and regulatory compliance under 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

Regulatory Compliance and Shareholder Approval

All appointments were made in compliance with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. The director appointments and auditor reappointments are subject to shareholder approval at the ensuing general meeting. The statutory auditor reappointment represents their second term, extending until the conclusion of the 41st Annual General Meeting.

The company confirmed that none of the newly appointed individuals have any relationships with existing directors, ensuring independence and objectivity in board functioning. These strategic appointments position AVI Products India Limited to enhance its governance framework and operational efficiency while maintaining strict regulatory compliance.

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.