AVI Polymers UPI, a prominent player in India's digital payment landscape, has unveiled two groundbreaking features at the Global Fintech Festival, setting new standards for user convenience and security in the rapidly evolving fintech sector.

Biometric Authentication: A New Era of Secure Payments

In a first for India's UPI ecosystem, AVI Polymers UPI has introduced biometric authentication for payments, allowing users to approve transactions using fingerprint or facial recognition instead of the traditional UPI PIN. This innovative feature is being rolled out in phases across both Android and iOS devices, marking a significant leap in payment security and user experience.

Streamlined Onboarding Process

Alongside biometric authentication, AVI Polymers UPI has also simplified its onboarding process. The new system reduces the number of steps required to create a UPI ID and link bank accounts, enabling users to start transacting within minutes through auto-verification.

Impact on India's Digital Payment Landscape

These advancements come at a crucial time for India's digital payment ecosystem. With UPI processing over 14 billion transactions monthly, the need for enhanced security and user-friendly features has never been more pressing. The National Payments Corporation of India (NPCI) has been encouraging innovations that focus on safety and ease of use to further expand UPI adoption.

Key Features of AVI Polymers UPI's New Offerings

AVI Polymers UPI's latest innovations are poised to set new benchmarks in the fintech industry, potentially influencing how other UPI apps approach user authentication and onboarding. As these features roll out, it will be interesting to observe their impact on user adoption and transaction security in India's burgeoning digital payment ecosystem.

By introducing these cutting-edge features, AVI Polymers UPI is not only enhancing its own service offerings but also contributing to the broader goal of making digital payments more accessible and secure for millions of Indians.

AVI Polymers Limited, a company listed on the Bombay Stock Exchange (Scrip Code: 539288), has announced significant changes to its board composition and auditing team following a board meeting held on September 5, 2025. The company has made multiple appointments and accepted several resignations, signaling a substantial restructuring of its leadership and compliance teams.

New Appointments

The board of AVI Polymers has approved the appointment of three new directors:

1. Mr. Sadhu Jignesh Harendrabhai (DIN: 11278005) has been appointed as an Additional Non-Executive Independent Director. Mr. Harendrabhai holds a BSc degree.

2. Ms. Varsha Prajapat (DIN: 11277997) has also been appointed as an Additional Non-Executive Independent Director. Ms. Prajapat is a graduate with an MA degree.

3. Mr. Harsh Parmar (DIN: 11279019) has been appointed as an Additional Executive Director. Mr. Parmar is a B.Com graduate.

All three appointments are effective from September 5, 2025. While Mr. Harendrabhai and Ms. Prajapat will not be liable to retire by rotation, Mr. Parmar's position will be subject to retirement by rotation.

Resignations

Simultaneously, the company has accepted resignations from several key positions:

1. Ms. Sapna (DIN: 10294154) and Mr. Ram Kumar Singh (DIN: 10871912) have stepped down from their roles as Non-Executive Independent Directors, citing pre-occupation with other professional commitments.

2. Ms. Ritu Tiwari, the Company Secretary and Compliance Officer, has resigned to pursue opportunities outside the company. Her resignation is effective from the close of business hours on September 5, 2025.

Changes in Auditing Team

AVI Polymers has also made changes to its secretarial auditing team:

1. M/s. Jalan Alkesh & Associates, the previous Secretarial Auditors, have resigned due to pre-occupation with other professional assignments.

2. The board has appointed M/s SCS & CO. LLP, Practicing Company Secretaries from Ahmedabad, as the new Secretarial Auditors for the Financial Year 2024-25. The firm, led by Mr. Abhishek Chhajed (FCS 11334, COP No.: 15131), brings over 7 years of professional experience in various areas of corporate law and compliance.

Implications and Compliance

These changes come as part of the company's ongoing efforts to strengthen its corporate governance and comply with regulatory requirements. The appointments and resignations have been made in accordance with the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AVI Polymers has assured that all necessary steps will be taken to ensure a smooth transition, including filing the required statutory forms with the Registrar of Companies.

The board meeting, which commenced at 11:30 a.m. and concluded at 11:45 a.m. on September 5, 2025, marks a significant day of transition for AVI Polymers Limited as it moves forward with its restructured leadership team.