Avi Products India Ltd announces comprehensive board and management restructuring following a change of control, effective April 23, 2026.
Appoints three new executive directors including chairman Parthh Mehta and five new independent directors, all for 5-year terms subject to shareholder approval.
Accepts resignations of four directors, CFO, company secretary, and secretarial auditor, citing change of control as the reason across all departures.
Appoints new CFO, company secretary, internal auditor, and secretarial auditor while proposing registered office relocation from Thane to Mumbai.