Avax Apparels and Ornaments Ltd — Others, 05-08-2025: AGM/EGM

Avax Apparels has announced a board meeting that approved its Annual Report for FY2024-25 and the Notice for its 20th Annual General Meeting (AGM) to be held on August 29, 2025, via video conference. The company reported a net profit of approximately Rs 1.60 Cr on gross revenue of Rs 34.36 Cr for FY25. Shareholders will vote on re-appointing directors and auditors, approving director remuneration, and increasing borrowing limits to Rs 20 Cr. An auditor's report highlights material uncertainty regarding the company's ability to meet liabilities in the next year, with trade receivables at Rs 6.75 Cr. The company recently completed an IPO raising Rs 1.72 Cr for working capital and general corporate purposes.