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

Avax Apparels' Board has approved a stock split, reducing the face value from ₹10 to ₹5 per share, effectively making each existing share two. This move aims to boost liquidity and increase public participation. The company also plans a 3:1 bonus issue, granting three new ₹5 shares for every one held. ₹3.1175 Cr is required from available reserves of ₹5.5703 Cr for this bonus. Additionally, Mr. Harinderpal Singh Sodhi and Mr. Deepak Kumar were redesignated as Joint Managing Directors for five-year terms, enhancing the leadership team.