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

Avax Apparels And Ornaments has altered its Memorandum of Association following shareholder approval for a share sub-division. Each equity share with a face value of ₹10 is now sub-divided into two equity shares, each with a face value of ₹5. The company's authorized share capital remains ₹5 crore, but is now composed of 1 crore equity shares of ₹5 each, a significant increase from the previous 50 lakh shares of ₹10 each. This move is designed to make shares more accessible to a broader investor base and potentially enhance market liquidity.