Announcement under Regulation 30 - change in Management.

AVI PRODUCTS INDIA LIMITED CIN: L68200MH1989PLC473905 Regd. 201 Nivan CTS No. E/751, S. V. Road, Khar (West), Khar Colony, Mumbai - 400052 Tel. No.: 8422820863; Email: compliance@paradigmrealty.co.in; Website: www.aviphoto.in Date: 05-08-2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001, Maharashtra, India. Script Symbol: APIL| Script Code: 523896| ISIN: INE316O01021 Subject: Outcome of Board Meeting held on August 05, 2026 under regulation 30 and other regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. Dear Sir/Madam, With reference to the captioned subject, we hereby inform you that the board of directors of AVI Products India Ltd (“Company”) at their director’s board meeting held today i.e. Wednesday, August 05, 2026, has inter alia, considered and approved matters listed below: 1. Standalone Unaudited Financial Result for the quarter ended 30th June, 2026 along with the Limited Review Report issued by SARA & Associates., Chartered Accountants, Statutory Auditors of the Company in accordance with the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the same is attached herewith. 2. Mr. Avinash Dhirajlal Vora (DIN: 02454059) has resigned from the position of Managing Director and has been re-designated as Executive Non-Independent director of the company for a term of 5 (five) consecutive years with effect from August 05, 2026 to August 04, 2031. The required details pursuant to SEBI (LODR) Regulations, 2015 is enclosed as Annexure-I. 3. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment Mr. Parthh Kaushik Mehta (DIN: 05251177) as Managing Director of the Company for a term of 5 (five) consecutive years with effect from August 05, 2026 to August 04, 2031, subject to Shareholders approval. The details as required under Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosures Requirement) Regulation, 2015 are enclosed as Annexure II. 4. Sale, transfer of car’s owned by the Company to Mr. Avinash Vora, Director/ Existing Promoter of the Company. Further, please note that the proposed transaction is subject to fulfilment of certain conditions precedent including shareholders’ approval. The specific details which are required to be disclosed in terms of the SEBI Circulars are disclosed in Annexure – III. The meeting of the Board of Directors commenced at 11:00 A.M and concluded at 12:55 P.M. Kindly take the same on record. The information in the above notice is also available on the website of the Company (www.aviphoto.in). We request you to take a note of same. Thanking You, For AVI Products India Limited Name: Ameya Tandulkar Designation: Director DIN: 10570619 ANNEXURE I - RE-DESIGNATION OF DIRECTORS The details required to be furnished under Regulation 30 of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, issued hereunder is furnished below: A. Reason for change viz. appointment, Mr. Avinash Dhirajlal Vora (DIN: 02454059) has re-appointment, resignation, been re-designated as Executive Non- removal, death or otherwise Independent Director of the Company B. Date of appointment / reappointment Re-designation shall be effective from August 05, /cessation (as applicable) & term of 2026. appointment/ re-appointment C. Brief profile (in case of appointment) Mr. Avinash Vora is an experienced business leader who has played a significant role in guiding the growth and diversification of the various businesses. He possesses extensive expertise in corporate governance and has consistently contributed businesses to strengthening the market position through innovation, customer- focused solutions, and operational excellence. With his strategic vision and leadership, he has been instrumental in driving long-term development and creating sustainable value for stakeholders. D. Disclosure of relationships between He is existing promoter of the company and father directors (in case of appointment of a of Vikaram Vora (Existing Promoter/ Director). director). E. Information as required under BSE circular We confirm that Mr. Avinash Dhirajlal Vora Number LIST/COM/14/2018-19 and NSE (DIN: 02454059) is not debarred from holding the circular no. NSE/CML/2018/24 dated June office of Director by virtue of any order passed by 20, 2018 SEBI or any other such authority. ANNEXURE II – APPOINTMENT OF MANAGING DIRECTOR Details which a listed entity needs to disclose for the events that are deemed to be material as specified in Para A of Part A of Schedule III of the LODR Regulations: Change in Managing Director Name Parthh Kaushik Mehta Reason for Change viz Appointment, Pursuant to change of Control and Management of the resignation, Removal, death or Company otherwise Date & terms of Appointment/ ReappointmTehnet Board of Directors, at its meeting held on August 05, 2026, has approved the appointment of Mr. Parthh Kaushik Mehta as Managing Director of the Company for a further period of five (5) years, subject to the approval of the shareholders at the ensuing General Meeting. His appointment shall be effective from August 05, 2026, for a term of five consecutive years, on such remuneration and terms and conditions as approved by the Board and subject to shareholders’ approval and other applicable statutory approvals, if any. Brief Profile Mr. Parthh K. Mehta is a seasoned real estate professional (In Case of Appointment) and entrepreneur with over 18 years of diverse experience spanning real estate strategy, valuation, business development, fundraising, finance & accounts, corporate sales, and investment due diligence. An alumnus of S.P. Jain Centre of Management, Mr. Mehta holds a Post Graduate Programme in Management. He began his professional journey as a Research Analyst, gaining strong analytical and financial expertise. He subsequently held key managerial roles, including Business Development at one of the Reputed Real Estate Group, and later served as Chief Executive Officer of a Mumbai-based real estate firm, where he was responsible for driving strategic growth and operational excellence. Mr. Parthh K. Mehta has extensive experience in strategic tie-ups, acquisitions, and deal structuring, with a strong track record in Slum Rehabilitation Authority (SRA) projects, Joint Ventures (JVs), and Development Management arrangements. Over the years, he has been associated with the acquisition and execution of real estate projects. In leadership roles, he has overseen multiple business verticals, including finance, strategy, business development, sales & marketing, approvals, fundraising, and project execution, contributing to the overall growth and expansion of the organizations he has been associated with. Mr. Parthh K. Mehta is driven by entrepreneurial vision and a strong deal-making acumen. Disclosure of relationship between DirectoMrsr . Parthh K Mehta and Mr. Ameya Tandulkar are (In case of Appointment) business partners and designated partner in PPMS Real Estates LLP (promoter of the Company). And Mr. Bankim Mehta is uncle of Mr. Parthh K Mehta. Information as required under BSE We confirm that Mr. Parthh Kaushik Mehta (DIN: circular Number LIST/COM/14/2018-19 05251177) is not debarred from holding the office of and NSE circular no. Director by virtue of any order passed by SEBI or any NSE/CML/2018/24 dated June 20, other such authority. 2018 ANNEXURE III The details as required under Regulation 30 of the Listing Regulations Disclosure Circular are set out below: Sr. No Particulars Details 1. The amount and percentage of the turnover Not Applicable or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed [Showing first 8,000 characters — download PDF for full document]