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.

AVAX Apparels and Ornaments Limited has announced March 27, 2026, as the record date for its approved share subdivision, following the successful completion of its 3rd Extraordinary General Meeting (EGM) on March 13, 2026. The company received unanimous shareholder approval for all proposed resolutions and has now formalized the implementation timeline for the share split.

Record Date Announcement and Implementation

The company has formally notified BSE Limited under Regulation 42 of SEBI Listing Regulations, setting Friday, March 27, 2026, as the record date for the share subdivision process. This follows the earlier EGM approval where shareholders unanimously supported the proposal to subdivide equity shares.

EGM Results and Shareholder Participation

The earlier EGM, conducted via video conferencing from 03:30 PM to 03:47 PM IST, achieved remarkable shareholder consensus with 100% voting support across all business items. The comprehensive e-voting process demonstrated strong shareholder engagement, with 646,956 votes cast representing 62.26% of the company's total shareholding.

Resolution Outcomes and Unanimous Approval

All four resolutions presented to shareholders achieved 100% approval rates, demonstrating strong stakeholder confidence in the company's strategic initiatives. The resolutions encompassed significant corporate restructuring measures including share subdivision and management changes.

Compliance and Documentation

Company Secretary Ms. Shruti Jain has filed the requisite disclosure with BSE Limited, with Managing Director Mr. Harinderpal Singh Sodhi signing the record date notification documentation. The company maintains its registered office at Jaina Tower II, Janak Puri, New Delhi, and continues to operate under CIN L14101DL2005PLC137127.