Avax Apparels and Ornaments Ltd — Important, 09-12-2025: Company Update

AVAX APPARELS AND ORNAMENTS LIMITED reports an internal transfer of shares among its promoter group. Deepak Kumar acquired 3,22,074 equity shares, representing 30.99% of the company's total share capital, through an off-market gift. The shares were transferred from Harish Kumar (2,18,084 shares) and Deepika (1,03,990 shares) to Deepak Kumar without any cash consideration. This transaction consolidates a significant stake within the promoter group under one member. This is an intra-promoter group reshuffle and does not alter the overall promoter holding or the company's share capital.