Avax Apparels and Ornaments Ltd — Important, 12-11-2025: Company Update

The board approved establishing a new factory unit in Ludhiana, Punjab, to expand manufacturing operations and meet future production requirements. This significant operational expansion has an estimated capital investment of up to 5 Cr. Additionally, the board approved changing the location for maintaining the company's books of account to the new Ludhiana factory address for operational convenience, as all sales/purchase invoices are handled there. This move aims to streamline accounting processes alongside the manufacturing expansion.