Avax Apparels and Ornaments Limited has scheduled its 21st Annual General Meeting (AGM) for Friday, September 18, 2026. The meeting will convene via video conferencing to approve the company’s name change to Avax Limited and adopt the financial results for FY26.

The Board of Directors approved the agenda during a meeting held on Monday, August 24, 2026, at the registered office in New Delhi. The resolution to alter the Memorandum of Association and Articles of Association requires shareholder approval as a special resolution.

Financial Results for FY26

The AGM will consider the standalone financial statements for the year ended March 31, 2026. Key financial metrics for the period are outlined below:

Revenue grew by 20.9% year-on-year, driven by increased trading activities. Net profit more than doubled, rising by 81.8%. However, earnings per share declined due to the sub-division of equity shares during the year, which increased the total share count without changing the paid-up capital value.

Corporate Actions and Capital Structure

During FY26, the company executed significant capital structure changes. The authorized share capital was increased from ₹200.00 lakh to ₹500.00 lakh. Subsequently, the face value of equity shares was sub-divided from ₹10 to ₹5 each. This resulted in the paid-up share capital of ₹103.92 lakh being represented by 20,78,316 shares instead of 10,39,158 shares.

Additionally, the company allotted bonus equity shares in the ratio of 3:1, further expanding the share base. No dividend was recommended for FY26, with profits transferred to reserves to conserve resources for future growth.

E-Voting and Meeting Details

Shareholders holding shares as on the cut-off date of Friday, September 11, 2026, are eligible to vote. Remote e-voting will be open from Tuesday, September 15, 2026, at 9:00 am to Thursday, September 17, 2026, at 5:00 pm. The facility is provided through Central Depository Services (India) Limited.

The meeting will also address the re-appointment of Mr. Harinderpal Singh Sodhi as Joint Managing Director, who retires by rotation. The Board has appointed M/s G Gupta and Associates as the scrutinizer for the e-voting process.

Davinderpal Singh Sodhi, a member of the promoter group at avax apparels and ornaments , has increased his shareholding in the company through a market acquisition. The transaction involved the purchase of 80,000 shares, raising his total stake to 0.96% of the company's equity. This acquisition was executed over a period spanning May 28, 2026, to June 3, 2026.

The disclosure was submitted to BSE Limited on June 3, 2026, in compliance with Regulation 7(2) and 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing confirmed that Sodhi held 0 shares prior to the acquisition. The shares were bought on the open market, with the intimation regarding the transaction provided to the company on June 5, 2026.

Transaction Details

The following table outlines the specifics of the share acquisition by the promoter group member:

The filing was signed by Shruti Jain, Company Secretary and Compliance Officer of Avax Apparels and Ornaments Limited. The document noted that there were no trading activities in derivatives by the insider during the period under review. The company's registered office is located in New Delhi, and its shares are listed on BSE under the symbol AVAX.