AVAX Apparels and Ornaments Limited has announced the record date for its upcoming bonus issue, setting April 7, 2026 as the cut-off date for shareholder eligibility. The company communicated this decision to BSE Limited on March 28, 2026, in compliance with regulatory requirements.

Bonus Issue Details

The bonus issue will be implemented in a 3:1 ratio, providing significant value to existing shareholders. Under this arrangement, eligible shareholders will receive three bonus equity shares for every one fully paid-up equity share they hold.

Regulatory Compliance

The announcement was made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also aligned with SEBI circular no. CIR/CFD/PoD/2024/122 dated September 16, 2024, which mandates the deemed date of allotment to be April 8, 2026.

Share Structure Impact

The bonus shares will carry a face value of ₹5/- each and will rank pari-passu in all respects with the existing equity shares. This means the new shares will have equal rights and privileges as the current shares, including voting rights and dividend entitlements.

Key Dates for Shareholders

Shareholders must ensure their holdings are recorded in the company's books by the record date to be eligible for the bonus issue. The company's equity shares are currently traded on BSE under the scrip code 544337 and symbol AVAX.

AVAX Apparels and Ornaments Limited has announced the activation of a new ISIN for its upcoming equity share sub-division, with the record date scheduled for March 27, 2026. The company informed BSE Limited about the new ISIN INE0NQ401024 through a regulatory filing dated March 21, 2026, under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Share Sub-Division Details

The corporate action involves the sub-division of existing equity shares, transforming the face value structure of the company's stock. Under this arrangement, each existing equity share will be split to create multiple shares with reduced face value.

ISIN Activation Confirmations

Both major depositories in India have confirmed the activation of the new ISIN for the sub-divided shares. The confirmations were received on March 19, 2026, ensuring the technical infrastructure is ready for the corporate action.

NSDL Confirmation Details

CDSL Activation

Central Depository Services (India) Limited confirmed that the new ISIN INE0NQ401024 for equity shares with face value ₹5 has been made live in their system on March 19, 2026. The activation ensures seamless processing of the sub-divided shares in the CDSL depository system.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI regulations by informing the stock exchange about the new ISIN activation. Company Secretary and Compliance Officer Shruti Jain signed the communication to BSE Limited, ensuring proper regulatory compliance for the corporate action.

Implementation Timeline

The share sub-division will take effect from the record date of March 27, 2026. Shareholders holding equity shares as of this date will be eligible for the sub-division benefit, receiving the new shares with reduced face value in their demat accounts post-implementation.