Avi Products India Ltd

📈 AVI Products India Seeks Shareholder Approval for Major Diversification & ₹100 Cr Funding Boost

- Alteration of Memorandum of Association to expand business objects into real estate development, chemical manufacturing, food processing, healthcare services, and IT-related activities.

- Current annual turnover is ₹4.97 crore (as of March 2025).

- Seeking approval to increase borrowing limits to ₹100 crore to fund business growth and capital needs.

- Proposes shifting registered office from Vasai, Maharashtra to Mumbai, Maharashtra for operational efficiency.

- Appointment of multiple directors for 5-year terms starting April 23, 2026, including Chairman & Managing Director, Executive Director, Non-Executive Director, and Independent Directors.

- Approval sought for material related party transactions involving up to 26 entities, each with proposed transactions up to ₹25 crore.

- E-voting period scheduled from April 29, 2026 (9:00 AM IST) to May 28, 2026 (5:00 PM IST).