AVI Products India seeks shareholder approval via postal ballot for 13 resolutions including a complete alteration of its Memorandum of Association to enter real estate business.
The company proposes to shift its registered office from Vasai to Mumbai and appoint five new directors including Parthh K Mehta as Executive Chairman.
Resolutions include increasing borrowing limits to ₹100 crore, creating charges on assets, and approving related party transactions worth ₹1,125 crore with 45 entities.