Avax Apparels and Ornaments Ltd — Updates, 23-05-2025: Company Update

Avax Apparels and Ornaments Limited has confirmed no deviation or variation in the utilization of IPO proceeds amounting to Rs. 191.80 lakh for the half-year ended March 31, 2025. Funds allocated for working capital (Rs. 150 lakh), general corporate purposes (Rs. 18.08 lakh), and expenses (Rs. 8.72 lakh) were used as planned. The Audit Committee reviewed and approved this adherence, reflecting disciplined fund management and aligning with the company's operational strategy, which reassures shareholders on effective capital deployment.