Disclosure Nature

Regulatory compliance disclosure to BSE Limited regarding non-applicability of Related Party Transaction disclosures under SEBI LODR Regulations.

Threshold Exemption Criteria

As per Proviso to Regulation 15(2)(b), effective April 1, 2025, Regulation 23 becomes applicable to SME-listed entities if either:

  • Paid-up equity share capital exceeds ₹10 crore, or
  • Net worth exceeds ₹25 crore

as on the last day of the previous financial year.

Company Certification

AVAX Limited confirms that as on March 31, 2026 (last day of previous financial year):

  • Paid-up equity share capital: ₹1.04 crore
  • Net worth: ₹9.58 crore

Both figures are below the regulatory thresholds.

Chartered Accountant Certification

NKSC & Co., Chartered Accountants (Firm Registration No.: 020076N) certified the company's financial figures based on:

  • Audited financial statements for FY 2023-24, FY 2024-25, and FY 2025-26
  • Written representations from management

Certified Financial Figures (₹ Crores)

| Description | 2023-24 | 2024-25 | 2025-26 |

| Paid-up Share Capital | 0.77 | 1.04 | 1.04 |

| Net Worth | 3.15 | 6.61 | 9.58 |

Note: Net worth is defined as "Paid up share capital and free reserves & Surplus" for this certification.

Effective Period

The exemption from Related Party Transaction disclosure requirements applies specifically for the half year ended September 30, 2026.

Documentation Dates

  • CA Certification Date: May 25, 2026
  • BSE Disclosure Date: November 13, 2026
  • CA Mandate Letter Date: May 22, 2026