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.

AVI Products India Limited has seen a significant change in its shareholding structure. Sumita Mishra, along with person acting in concert Ramesh Chandra Mishra, has increased their stake in the company through a substantial off-market acquisition.

Key Details of the Acquisition

Impact on Shareholding

The off-market transfer has resulted in a substantial increase in the combined shareholding of Sumita Mishra and Ramesh Chandra Mishra. Their stake in AVI Products India Limited has grown from 14.39% to 21.95% of the company's total voting capital, representing an increase of 7.56 percentage points.

Regulatory Compliance

This acquisition falls under the purview of Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As per these regulations, any acquisition of shares that results in the acquirer holding 5% or more of the voting rights in a target company must be disclosed to the stock exchanges and the target company.

Company Overview

AVI Products India Limited's total equity share capital consists of 33,06,802 shares with a face value of Rs. 10 each, amounting to a total of Rs. 3,30,68,020.

Market Implications

While the immediate market reaction to this change in shareholding structure remains to be seen, such significant increases in stake by individual shareholders or promoters often attract investor attention. It may be interpreted as a sign of confidence in the company's prospects or could potentially lead to changes in the company's strategic direction.

Investors and market participants will likely monitor any further developments or announcements from AVI Products India Limited or the acquirers for additional context on this transaction and its potential implications for the company's future.