Regulatory25 May 2026, 04:17 pm
Avax Apparels IPO Funds Fully Utilized by March 2026
AI Summary
Avax Apparels and Ornaments Ltd reports full utilization of IPO proceeds of ₹191.80 Lakhs by September 30, 2025, with no deviations or variations in utilization for the half-year and year ended March 31, 2026. The funds were used for the objects stated in the prospectus. This statement, reviewed by the Audit Committee and Board on May 25, 2026, complies with SEBI regulations.
Key Highlights
- Avax Apparels fully utilized ₹191.80 Lakhs IPO funds by September 2025.
- No deviations in IPO fund utilization for the year ended March 31, 2026.
- Audit Committee and Board reviewed and approved the fund utilization statement on May 25, 2026.
- IPO proceeds allocated to working capital, general corporate purposes, and issue expenses.
- Statutory Auditor provided an annual statement confirming fund utilization.
Price Impact
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