Avax Apparels and Ornaments Ltd Alters Memorandum of Association: Sub-division of Equity Shares from Rs. 10 to Rs. 5 Face Value

Avax Apparels and Ornaments Ltd has announced an alteration in its Memorandum of Association (MoA) during the 03rd Extra-Ordinary General Meeting held on Friday, March 13, 2026. The equity shares of the company with a face value of Rs. 10 were sub-divided into 2 equity shares having a face value of Rs. 5 each. This alteration was made in compliance with the Circulars issued by the Ministry of Corporate Affairs and SEBI. The decision aims to enhance the liquidity of shares and make them more affordable for investors.