AVHI Achari Ventures Holdings Corporation I

The Company has identified an inadvertent immaterial error included in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022 (the “Q3 10-Q”), which was filed with the Securities and Exchange Commission on November 8, 2022. Specifically, the Company notes that the line item entitled “Cash withdrawal from Trust account for working capital purposes”, which was included as part of the table entitled “Unaudited Condensed Statements of Cash Flows for the nine months ended September 30, 2022 and the period January 25, 2021 (inception) through September 30, 2021” in Part I - Financial Information, Item 1” on page 4 of the Q3 10-Q, was inadvertently mislabeled. As a result of such mislabeling, the line item presented $107,883 of cash as being withdrawn from the Company’s trust account for working capital purposes during such period, when in fact such amount was withdrawn from the Company’s trust account during such period to pay certain accrued franchise taxes, in accordance with the terms of the Company’s Investment Management Trust Agreement. Therefore such line item with respect to the withdrawal of $107,883 from the Company’s trust account during such period should have been properly labeled “Cash withdrawal from Trust account for payment of franchise taxes”.