Avax Apparels and Ornaments Ltd — Important, 01-12-2025: Company Update

The company has reported an internal share transfer within its promoter group. Promoter Harish Kumar will gift 3,22,074 equity shares, representing 30.99% of the total paid-up share capital, to Deepak Kumar and Deepika. Deepak Kumar is a director and, like Deepika, an immediate relative of the promoter. This off-market transaction is a gift and involves no monetary consideration. It’s essentially a re-arrangement of ownership among existing promoter entities, aimed at streamlining holdings within the group. This move is an internal adjustment and does not impact the overall promoter shareholding percentage.