Avax Apparels and Ornaments Limited has filed mandatory insider trading disclosures with BSE Limited under SEBI (Prohibition of Insider Trading) Regulations 2015. The company submitted Form C disclosures for three key insiders who executed share transactions.

Insider Trading Disclosures

The disclosures were submitted pursuant to Regulation 7(2) and 6(2) of SEBI (Prohibition of Insider Trading) Regulations 2015. The company's promoter and directors transferred equity shares through inter-se transfers under SEBI regulations.

Transaction Details

The insider trading activities involved three key personnel executing inter-se transfers of equity shares:

Share Holdings Impact

The transactions resulted in significant changes to the insiders' shareholding patterns:

Harish Kumar (Promoter)

• Pre-transaction holding: 2,18,084 shares (20.99%)
• Post-transaction holding: 1,82,904 shares (17.59%)
• Net reduction: 12,180 shares

Deepika Garg (Whole-Time Director)

• Pre-transaction holding: 10,399 shares (1.00%)
• Post-transaction holding: 20,798 shares (2.00%)
• Net increase: 10,399 shares

Deepak Kumar (Whole-Time Director)

• Pre-transaction holding: 0 shares (0%)
• Post-transaction holding: 3,22,074 shares (30.99%)
• Net increase: 3,22,074 shares

Regulatory Compliance

All transactions were executed as inter-se transfers of equity shares by gift under off-market arrangements. These transfers are exempt from making an open offer under Regulation 10(1)(a)(i) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The closing price on the date of acquisition was ₹221.15 per share as per the closing price on December 5, 2025. No derivative trading was reported by any of the insiders during this period.

Company Information

Avax Apparels and Ornaments Limited is listed on BSE 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.

Avax Apparels and Ornaments Limited has reported a significant increase in its financial performance for the half-year ended September 30, along with plans for expansion. The company, known for its knitted clothes and ornaments, has shown robust growth in both revenue and profitability.

Financial Highlights

The company's financial results for the half-year ended September 30 reveal:

Avax Apparels and Ornaments Limited's knitted clothes segment emerged as the primary revenue driver, contributing ₹2,015.92 lacs, while the ornaments segment added ₹4.45 lacs to the total revenue.

Expansion Plans

The Board of Directors has approved the establishment of a new factory unit in Ludhiana, Punjab. The new facility will be located at Jain Shawls Wali Gali, E14/1895, Bahadar Ka Road, Karabara Main Road, Wine Shop, Thapar Nagar, Ludhiana, Punjab, 141008.

Key points of the expansion:

• Estimated capital investment: Up to ₹5 crore
• Purpose: To expand manufacturing operations and meet future production requirements

Other Corporate Actions

The company has decided to relocate its books of accounts from 2209 G/1, St. No.1, Bhola Colony, Ludhiana, Punjab 141010 to the address of the new factory unit. This change aims to streamline accounting processes and improve operational efficiency.

Three directors - Managing Director Harinderpal Singh Sodhi, Whole Time Director Deepika Garg, and Executive Director Deepak Kumar - have been authorized to handle the necessary actions for both the new factory setup and the relocation of books of accounts.

Market Outlook

As Avax Apparels and Ornaments Limited continues to expand its operations and improve its financial performance, it appears to be positioning itself for growth in the apparel and ornaments sector.