Avax Apparels and Ornaments Ltd — Important, 16-12-2025: Company Update

Avax Apparels And Ornaments Limited has disclosed changes in promoter and director shareholdings. Promoter Mr. Harish Kumar transferred 2,18,084 shares (20.99% of equity) via an off-market gift, reducing his holding to zero. Whole-Time Director Ms. Deepika Garg also transferred 1,03,990 shares (10.01%) via off-market gift, bringing her holding to zero. Simultaneously, Whole-Time Director Mr. Deepak Kumar acquired 3,72,207 shares (30.99%) through an off-market gift. These inter-se transfers redistribute ownership within key personnel, impacting the company's internal shareholding structure.