Avax Apparels schedules board meeting on Aug 24 to consider name change

0 min read     Updated on 17 Aug 2026, 08:44 PM
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Avax Apparels and Ornaments Limited announced a board meeting for August 24, 2026, to approve a corporate name change. The board will also ratify necessary changes to the Memorandum and Articles of Association. The move follows the successful reservation of the proposed new name.

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Avax Apparels and Ornaments Limited has scheduled a meeting of its Board of Directors for Monday, August 24, 2026, to consider a change in the company's name. The meeting will be held at 1:00 pm at the company's registered office in New Delhi.

The primary agenda item involves the approval of the name change and the consequent alteration of the Memorandum of Association and Articles of Association. This action follows the reservation of the proposed new name by the relevant authorities.

Board Meeting Details

The meeting is convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was issued on August 17, 2026, by Shruti Jain, the Company Secretary and Compliance Officer.

Agenda Item Description
Name Change Approval of change of name after reservation
Constitutional Docs Alteration in MOA and AoA
Other Business Matters with permission of the Chair

The company, formerly known as Avax Soft Technologies Limited, is headquartered at Jaina Tower II, Janak Puri, New Delhi.

Historical Stock Returns for Avax Apparels and Ornaments

1 Day5 Days1 Month6 Months1 Year5 Years
-2.06%-2.06%-2.16%+40.64%+259.51%+185.80%

What strategic rationale is driving Avax Apparels to rebrand from its previous identity as Avax Soft Technologies?

How might the name change and associated constitutional amendments impact the company's stock liquidity or investor perception in the short term?

Are there plans to expand the business portfolio beyond apparels and ornaments to justify the new corporate identity?

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Avax Apparels promoter acquires 80,000 shares, stake rises to 0.96%

1 min read     Updated on 03 Jun 2026, 03:31 PM
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Davinderpal Singh Sodhi, a promoter group member at Avax Apparels and Ornaments Limited, acquired 80,000 shares on the market between May 28 and June 3, 2026, increasing his stake to 0.96%. The disclosure was made to BSE on June 3, 2026, adhering to SEBI insider trading regulations.

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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:

Parameter Details
Name of Acquirer Davinderpal Singh Sodhi
Category Promoter Group
Type of Security Shares
Mode of Acquisition On Market
Securities Held Prior 0 Shares (0%)
Securities Acquired 80,000 Shares
Securities Held Post 80,000 Shares (0.96%)
Date of Allotment 28-05-2026 to 03-06-2026

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.

Historical Stock Returns for Avax Apparels and Ornaments

1 Day5 Days1 Month6 Months1 Year5 Years
-2.06%-2.06%-2.16%+40.64%+259.51%+185.80%

Does this acquisition signal a potential broader increase in stake by the promoter group in the near future?

How might the market interpret this insider buying regarding the company's upcoming financial performance?

Will other promoter group members follow suit with similar open market purchases?

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1 Year Returns:+259.51%