Key Quantitative Figures

  • Sales and Other Income: ₹4,153.15 lakhs (FY25: ₹3,445.64 lakhs)
  • Profit Before Tax: ₹411.15 lakhs (FY25: ₹228.03 lakhs)
  • Net Profit After Tax: ₹296.73 lakhs (FY25: ₹163.18 lakhs)
  • EPS: ₹14.28 (FY25: ₹19.77 before split adjustment)
  • Dividend: No dividend recommended for FY26
  • Total Employees: 17 (10 male, 7 female)
  • Authorized Share Capital: Increased from ₹200 lakhs (20 lakh shares of ₹10) to ₹500 lakhs (50 lakh shares of ₹10) effective January 12, 2026, subsequently sub-divided to 100 lakh shares of ₹5 each
  • Paid-up Share Capital: ₹103.92 lakhs (20,78,316 shares of ₹5 each after sub-division)
  • Bonus Issue: 3:1 bonus issue approved on March 13, 2026; 62,34,948 bonus shares allotted on April 8, 2026

Dates of Action

  • Board Meeting Date: August 24, 2026
  • AGM Date: September 18, 2026 at 3:30 PM IST via VC/OAVM
  • E-voting Period: September 15, 2026 (9:00 AM) to September 17, 2026 (5:00 PM)
  • Cut-off Date for E-voting: September 11, 2026
  • Record Date for Bonus Issue: April 7, 2026
  • Financial Year: April 1, 2025 to March 31, 2026

Parties Involved

  • Stock Exchanges: BSE Limited
  • Depositories: NSDL, CDSL
  • Registrar & Transfer Agent: Skyline Financial Services Private Limited
  • Scrutinizer: M/s. G Gupta and Associates
  • Statutory Auditors: M/s NKSC & Co.
  • Secretarial Auditors: M/s. G Gupta and Associates
  • Internal Auditors: M/s Prince Kumar & Associates

Corporate Developments

  • Name Change Proposal: Board approved change from "Avax Apparels And Ornaments Limited" to "Avax Limited" subject to shareholder and regulatory approvals
  • Business Transition: Discontinued silver ornaments business through blushines.com effective March 31, 2026; launched new e-commerce portal avaxapparels.shop effective April 1, 2026
  • Capital Restructuring: Sub-division of equity shares from ₹10 to ₹5 face value completed; 3:1 bonus issue implemented
  • Director Changes: Mr. Deepak Kumar appointed as Joint Managing Director from October 15, 2025; Mr. Harish Kumar resigned October 7, 2025

Financial Impact

Explicitly quantified in financial statements. Bonus issue capitalized ₹311.74 lakhs from securities premium account/general reserves. No material contingent liabilities disclosed.

Capital Structure Impact

  • Pre-bonus share capital: 20,78,316 equity shares of ₹5 each
  • Post-bonus share capital: 83,13,264 equity shares of ₹5 each
  • Promoter holding: 51.98% (10,80,316 shares) as of March 31, 2026

Governance Updates

  • Board Composition: 6 directors (3 executive, 3 independent)
  • Board Meetings: 11 meetings held during FY26
  • Committee Meetings: Audit Committee (4), NRC (3), Stakeholder Relationship Committee (1)
  • Director Re-appointment: Mr. Harinderpal Singh Sodhi retires by rotation and seeks re-appointment

Auditor Reports

  • Statutory Auditors: Unmodified opinion without qualifications
  • Secretarial Auditors: Two qualifications - late intimation of independent director resignation to stock exchange and delayed filing of CHG-1 form with ROC

Voting Arrangements

  • Remote e-voting through CDSL platform
  • Physical attendance dispensed with pursuant to MCA and SEBI circulars
  • Scrutinizer appointed to oversee e-voting process

Additional Information

  • Entire share capital dematerialized with ISIN INE0NQ401024
  • No deposits accepted under Sections 73/76 of Companies Act
  • No funds transferred to Investor Education and Protection Fund
  • CSR provisions not applicable
  • Vigil mechanism/whistle blower policy in place
  • No sexual harassment complaints during FY26