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 has issued a clarification regarding its board meeting outcome dated September 5, 2025, addressing missing disclosure requirements under SEBI regulations. The company submitted a revised intimation on December 16, 2025, to the Bombay Stock Exchange, acknowledging that it had erroneously missed certain mandatory disclosures for resigning independent directors.

Clarification Details

The company's Managing Director, Chintany Ashwantbhai Patel (DIN: 10774473), informed the exchange that the original board meeting outcome failed to include required disclosures under Part A of Schedule III of SEBI (LODR) 2015. Specifically, the company missed mentioning the names of listed entities where resigning directors hold directorships, along with their category of directorship and board committee memberships.

Board Changes Summary

The September 5, 2025 board meeting involved significant leadership restructuring:

New Appointments:

• Mr. Sadhu Jignesh Harendrabhai (DIN: 11278005) - Additional Non-Executive Independent Director (BSc graduate)
• Ms. Varsha Prajapat (DIN: 11277997) - Additional Non-Executive Independent Director (MA graduate)
• Mr. Harsh Parmar (DIN: 11279019) - Additional Executive Director (B.Com graduate)

Resignations:

• Ms. Sapna (DIN: 10294154) - Non-Executive Independent Director
• Mr. Ram Kumar Singh (DIN: 10871912) - Non-Executive Independent Director
• Ms. Ritu Tiwari - Company Secretary and Compliance Officer

Resigning Directors' Other Directorships

The revised disclosure reveals the external directorships of resigning independent directors:

Ms. Sapna's Directorships:

Mr. Ram Kumar Singh's Directorships:

Auditor Changes

The board meeting also addressed changes in the secretarial auditing team:

• Resignation: M/s. Jalan Alkesh & Associates stepped down due to other professional commitments
• Appointment: M/s SCS & CO. LLP, led by Mr. Abhishek Chhajed (FCS 11334), was appointed as new Secretarial Auditors for FY 2024-25

Compliance and Regulatory Framework

The clarification demonstrates AVI Polymers' commitment to regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured that all necessary statutory forms will be filed with the Registrar of Companies in accordance with the Companies Act, 2013.

The board meeting, which lasted from 11:30 a.m. to 11:45 a.m. on September 5, 2025, represents a significant transition period for the company as it strengthens its corporate governance framework with new leadership appointments.