Avax Apparels and Ornaments Ltd — Important, 02-01-2026: Company Update

Avax Apparels and Ornaments reported an internal share transfer where Deepak Kumar, a promoter group member, acquired 3,22,074 equity shares, representing a 30.99% stake, via gift. These shares were transferred from Harish Kumar and Deepika, both also part of the promoter group. This off-market transfer results in a significant shift of ownership within the promoter family, with Deepak Kumar now holding a 30.99% stake without any cash changing hands. This transaction is exempt from triggering a public open offer, primarily reorganizing individual holdings within the company's existing promoter structure.