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

Avax Apparels and Ornaments has confirmed no deviation in the use of its Initial Public Offer (IPO) proceeds for the half-year ended September 30, 2025. The company raised Rs. 1.918 Cr through its IPO. The funds were allocated for working capital, general corporate purposes, and expenses, with no reported variance from the original plan. This statement, confirming adherence to fund utilization, was reviewed by the Audit Committee and approved by the Board. This update assures investors that IPO funds are being used as originally disclosed, reflecting good governance and financial discipline.