Avax Apparels Completes Major Inter-se Share Transfer Under SEBI Exemption
Avax Apparels and Ornaments Limited successfully completed a major inter-se share transfer involving 3,22,074 equity shares (30.99% of total capital) from promoters to Deepak Kumar through gift deed arrangement. The transaction was executed under SEBI exemption regulations with comprehensive regulatory filings and fee payment of ₹1,77,000 completed by January 2026.
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Avax Apparels and Ornaments Limited has completed a significant inter-se transfer of equity shares among its promoter and promoter group members. The company filed comprehensive regulatory disclosures with BSE Limited confirming the completion of share transfers totaling 3,22,074 equity shares, representing 30.99% of the company's total paid-up share capital.
Transaction Completion Details
The share transfer was executed through gift deeds without any monetary consideration between December 1-10, 2025. Deepak Kumar, a whole-time director and promoter group member, acquired the entire block of shares from existing promoters Harish Kumar and Deepika.
| Transaction Details: | Specifications |
|---|---|
| Total Shares Transferred: | 3,22,074 equity shares |
| Percentage of Capital: | 30.99% |
| Transaction Mode: | Gift deed (no consideration) |
| Transaction Period: | December 1-10, 2025 |
| Regulatory Filing Date: | January 2, 2026 |
Share Transfer Breakdown
The inter-se transfer involved two separate transactions consolidating shareholding under Deepak Kumar:
| Transferor: | Shares Transferred | Previous Holding | Post-Transfer Holding |
|---|---|---|---|
| Harish Kumar: | 2,18,084 shares (20.99%) | 2,18,084 shares (20.99%) | Nil |
| Deepika: | 1,03,990 shares (10.01%) | 1,03,990 shares (10.01%) | Nil |
| Total to Deepak Kumar: | 3,22,074 shares (30.99%) | Nil | 3,22,074 shares (30.99%) |
Regulatory Compliance Framework
The transaction falls under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which provides exemption from making an open offer for inter-se transfers among promoters and immediate relatives. The company filed all required disclosures under various SEBI regulations:
- Prior Intimation: Filed under Regulation 10(5) on December 1, 2025
- Post-Transaction Disclosure: Filed under Regulation 10(6) on December 9, 2025
- Substantial Acquisition Reports: Filed under Regulation 29(1) and 29(2)
- Final Report: Filed under Regulation 10(7) on January 1, 2026
SEBI Fee Payment and Documentation
Deepak Kumar remitted the applicable regulatory fees of ₹1,77,000 (including ₹1,50,000 base fee plus 18% GST of ₹27,000) to SEBI through internet banking on January 1, 2026. The payment reference number CHDF9111736ML4 was processed for the Regulation 10(7) filing requirements.
Shareholding Pattern Impact
Post-transaction, the promoter and promoter group shareholding structure has been reorganized while maintaining the overall promoter holding percentage. The company's total equity share capital remains at 10,39,158 shares, with the transaction representing a significant consolidation of promoter group holdings under Deepak Kumar's direct ownership.
Company Information
Avax Apparels and Ornaments Limited is listed on BSE SME platform with scrip code 544337 and ISIN INE0NQ401016. The company's registered office is located at 611, 6th Floor, Jaina Tower II, District Center, Janakpuri, New Delhi 110058. Company Secretary Shruti Jain executed all regulatory filings and compliance requirements for the transaction.
Historical Stock Returns for Avax Apparels and Ornaments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.75% | +10.34% | -3.45% | +77.50% | +60.40% | +60.40% |
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