Avax Apparels and Ornaments Ltd

AGM Details

• Date/time/mode: 18 September 2026, 3:30 PM IST, VC/OAVM.
• Remote e-voting: 15–17 September 2026; cut-off: 11 September 2026.
• Deemed venue: Registered office.

Key Resolutions

• Ordinary: Adopt standalone financial statements for the year ended 31 March 2026.
• Ordinary: Re-appoint Harinderpal Singh Sodhi as Joint Managing Director.
• Special: Change name to Avax Limited; amend MOA/AOA; regulatory approvals.

Dividend

• Dividend: Board did not propose any dividend for the year.

Capital & Corporate Actions

• Subdivision of equity shares from Rs 10 to Rs 5 each.
• Bonus issue approved at 3:1; record date fixed for entitlement.
• Bonus shares allotted on 8 April 2026.

Director Changes

• Resignations during 2025-26: Harish Kumar (07 Oct 2025), Gurvinder Singh Vohra (18 Jul 2025), Amitabh Agrawal (18 Sep 2025).
• Appointments during 2025-26: Rajat Goel (1 Aug 2025); Shruti Shri Agnihotri (15 Oct 2025).
• Retirement by rotation: Harinderpal Singh Sodhi eligible for re-appointment.

Auditors & Secretarial/Internal Audit

• Statutory Auditor: NKSC & Co appointed from 25 Apr 2025 for five-year term.
• Secretarial Auditor: G Gupta & Associates appointed 23 May 2025.
• Internal Auditor: VGCA & Associates appointed 23 May 2025.

Related Party Transactions

• Remuneration to KMPs and their relatives totaled ₹55.40 lakh for the year.

Other Material Approvals

• Bonus issue and share subdivision approved; record dates and allotment completed; capital structure reconfigured.

Name change and related approvals

• Name change to Avax Limited is pending CRC/MCA approvals and member General Meeting consent.
• MOA/AOA amendments will reflect the new name after approvals.

Meeting Details

• Date: 24 August 2026
• Time: 01:00 p.m.
• Location: Registered Office, 611, 6th Floor, Jaina Tower II, Janak Puri, New Delhi 110058

Key Agenda Items

• Consider and approve change of name and consequent MOA/AoA amendments after name reservation
• Any other business as mentioned in the Notice and with Chair's permission

Other Notes

• Trading window closure periods not specified
• Notice date: 17 August 2026

Name change

• Board approved name reservation for a change to Avax Limited or other name.
• Change subject to approval by shareholders, ROC/MCA, and other regulatory authorities.
• Company will file for name reservation with ROC/MCA.
• Board meeting concluded at 01:30 PM IST; updates to stock exchange will follow.

Grievance redressal compliance

• Quarter ended June 30, 2026: zero investor complaints received.
• Company registered on SEBI SCORES platform to handle investor complaints.
• No pending complaints at end of quarter.
• Disclosure compliant with Regulation 13(3) of SEBI LODR.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the reporting period.
• No physical certificates were received for dematerialisation.

Bonus Issue Record Date

• Record date fixed as April 7, 2026 for bonus issue entitlement
• Bonus issue ratio is 3 bonus shares for every 1 equity share
• Bonus shares face value is ₹5 each, pari-passu with existing shares
• Deemed date of allotment of bonus shares is April 8, 2026

Record Date for Stock Split

• Record date fixed as March 27, 2026 for stock split
• Equity shares face value sub-divided from ₹10 to ₹5 each
• Each existing ₹10 share splits into 2 shares of ₹5 each