Avax Apparels and Ornaments Ltd — Important, 13-03-2026: Company Update

Avax Apparels And Ornaments Limited held an Extraordinary General Meeting to approve several significant proposals. Shareholders considered a sub-division of equity shares, splitting the face value from ₹10 to ₹5 each, and the issuance of bonus shares. These moves could enhance share liquidity and accessibility for investors. Additionally, the meeting addressed the redesignation and remuneration of Mr. Harinderpal Singh Sodhi and Mr. Deepak Kumar as Joint Managing Directors. These changes reflect important decisions regarding the company's capital structure and leadership, impacting its operational strategy and shareholder value.