Avax Apparels and Ornaments Ltd — Important, 17-02-2026: Company Update

Avax Apparels' board approved a stock split, dividing each ₹10 share into two ₹5 shares, aiming to boost liquidity and public participation. Following this, a 3:1 bonus issue was also approved, distributing three new ₹5 shares for every one held. This will increase the company's paid-up capital from 1.04 Cr to 4.16 Cr. The board also redesignated Mr. Harinderpal Singh Sodhi and Mr. Deepak Kumar as Joint Managing Directors for five-year terms. Mr. Kumar, with his background at SEBI, brings significant financial and regulatory expertise to the leadership team.