Avax Apparels and Ornaments Ltd — Important, 25-09-2025: Company Update

Avax Apparels And Ornaments clarified an inquiry from the Stock Exchange regarding the timeline for disclosing an Independent Director's resignation. The company initially understood that such details needed to be submitted within seven days, citing certain regulations. However, following discussions with Stock Exchange officials, it was clarified that the required disclosure period is within 24 hours of the resignation. The company expressed regret for the unintentional oversight, explaining it stemmed from a genuine interpretation of the rules. They assured stakeholders that measures would be taken to ensure strict adherence to disclosure timelines going forward, demonstrating their commitment to corporate governance.