Avax Apparels and Ornaments , a prominent player in the apparel and ornaments sector, has announced significant changes to its board composition and key committees, effective October 15, 2025. The company has appointed two new directors and reconstituted its Audit and Nomination and Remuneration Committees, subject to shareholder approval at the upcoming General Meeting.

New Director Appointments

AVAX Ltd has made two strategic appointments to its board:

1. Ms. Shruti Shri Agnihotri (DIN-11323825) joins as a Non-Executive Independent Director for a five-year term until October 14, 2030. Ms. Agnihotri brings a wealth of experience in corporate governance and compliance, with over 9 years of diverse experience across reputed organizations.

2. Mr. Deepak Kumar (DIN-08267845) has been appointed as an Executive Director and Whole Time Director for a three-year term until October 14, 2028. Mr. Kumar, with his extensive background in finance and regulatory affairs, is expected to contribute significantly to the company's strategic direction.

Director Profiles

Committee Restructuring

Following these appointments, AVAX Ltd has restructured its key committees:

Audit Committee

Nomination and Remuneration Committee

These changes come in the wake of resignations from previous board members, including Mr. Amitabh Agrawal and Mr. Harish Kumar. Notably, Mr. Deepak Kumar is married to Ms. Deepika Garg, who serves as a Whole Time Director of AVAX Ltd.

The company's board meeting, which concluded at 1:45 PM IST on October 15, 2025, also addressed other agenda items. These appointments and restructurings are part of AVAX Ltd's ongoing efforts to strengthen its corporate governance and align with regulatory requirements.

Investors and stakeholders will be keenly watching how these new appointments and restructured committees will contribute to AVAX Ltd's future growth and corporate governance practices.

Avax Apparels and Ornaments has announced significant changes to its leadership team and board composition, marking a strategic move to bolster its corporate governance and management structure.

Board Restructuring and Committee Reconstitutions

Avax Apparels and Ornaments has reconstituted its key committees following the resignation of Mr. Gurvinder Singh Vohra and the appointment of Mr. Rajat Goel as an Additional Director in the Non-Executive Independent Director category, effective August 1, 2025. The newly restructured committees are as follows:

1. Audit Committee: Now chaired by Amitabh Agrawal, with Rajat Goel and Harish Kumar as members.
2. Nomination and Remuneration Committee: Chaired by Rajat Goel, with Amitabh Agrawal and Pradeep Srivastava as members.
3. Stakeholders Relationship Committee: Led by Pradeep Srivastava, with Rajat Goel and Deepika as members.

Executive Director Reappointments

The board has approved the reappointment of two key executive directors:

1. Mr. Harish Kumar: Reappointed as a Whole Time Director for a three-year term from September 1, 2025, to August 31, 2028. Kumar, who joined the company in 2021, brings 12 years of business management experience to his role.

2. Mrs. Deepika Garg: Also reappointed as a Whole Time Director for the same three-year period. Garg joined the company in 2022 and contributes 13 years of IT consulting experience along with expertise in apparel design and manufacturing.

Both reappointments are subject to shareholder approval at the upcoming Annual General Meeting.

These changes in Avax Apparels and Ornaments' leadership and governance structure reflect the company's commitment to enhancing its management team and adapting to the evolving business landscape. The diverse experience brought by the reappointed directors and the newly constituted committees is expected to contribute to the company's strategic growth and operational efficiency in the coming years.

Investors and stakeholders will be keenly observing how these leadership changes and restructured committees impact Avax Apparels and Ornaments' performance and corporate governance practices in the future.