Avax Apparels and Ornaments Ltd

Avax Apparels and Ornaments Ltd has filed disclosures under SEBI (PIT) Regulations, 2015. Mr. Davinderpal Singh Sodhi, a Promoter Group member, has reported a change in his shareholding. The filing details the acquisition of 80,000 shares, representing 0.96% of the total shareholding, with the transaction date of acquisition being May 28, 2026, and the intimation to the company on June 3, 2026. This disclosure is made in accordance with the insider trading regulations.

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.

Avax Apparels and Ornaments Ltd appointed M/s. Prince Kumar & Associates as Internal Auditor and re-appointed M/s. G Gupta and Associates as Secretarial Auditors for the financial year 2026-27. This decision was made during a Board of Directors meeting held on May 25, 2026, where the board also approved the standalone audited financial results for the half year and year ended March 31, 2026.

Avax Apparels and Ornaments Limited's Board of Directors approved the standalone audited financial results for the half year and year ended March 31, 2026. The board meeting, held on May 25, 2026, also included the appointment and re-appointment of internal and secretarial auditors. NKSC & Co. issued an unmodified opinion on the financial results, stating they present a true and fair view in accordance with applicable accounting standards and SEBI regulations.

Avax Apparels and Ornaments Ltd's board of directors approved the standalone audited financial results for the half year and year ended March 31, 2026. The board also re-appointed M/s. G Gupta and Associates as Secretarial Auditors and appointed M/s. Prince Kumar & Associates as Internal Auditor. The meeting was held on May 25, 2026, and concluded at 02:00 PM IST.

Avax Apparels and Ornaments Ltd has scheduled a Board of Directors meeting on May 25, 2026, to consider and approve the audited financial statements for the half-year and year ended March 31, 2026. The meeting will also address any other business mentioned in the notice with the Chair's permission. The trading window for dealing in the company's securities has been closed since April 1, 2026, and will reopen 48 hours after the results are made public.

Avax Apparels and Ornaments Ltd's Board of Directors, in a meeting on April 08, 2026, approved the allotment of 62,34,948 fully paid-up Bonus Equity Shares. These shares, with a face value of ₹ 5/- each, were issued in a 3:1 ratio, meaning three new bonus shares for every one existing share held by shareholders as of the record date, April 07, 2026. Following this allotment, the company's paid-up share capital has increased to ₹ 4,15,66,320, comprising 83,13,264 equity shares of ₹ 5/- each. This action is a significant corporate event for shareholders.

Avax Apparels and Ornaments Ltd has received disclosures under Regulation 31(4) & (5) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from its promoters for the year ended March 31, 2026. The promoters, represented by Harinderpal Singh Sodhi, declared holding 10,80,316 (51.98%) shares as of March 31, 2026, with no encumbrances made during the financial year. The disclosure is considered a requisite under the SEBI regulations.

Avax Apparels and Ornaments Ltd, with CIN: L14101DL2005PLC137127, has reported zero pending complaints at the end of the first quarter of 2026. The company is registered on the SCORES platform of SEBI for handling investor complaints electronically. As per Regulation 13(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has provided a detailed breakdown of complaints received, disposed of, and remaining pending during the quarter. The data shows no complaints received or pending from investors, SEBI SCORES, SEBI ODR Portal, stock exchanges, or other sources.

Avax Apparels and Ornaments Ltd has launched a new mobile application/online platform for the sale of products including apparels, jewellery and other accessories. The company has discontinued its existing platform that was engaged in the sale of silver ornaments. These initiatives are in line with the company’s strategy to expand its digital commerce presence and optimize resources.