Announcement under Regulation 30 of SEBI LODR 2015
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Avax Apparels and Ornaments Limited held a board meeting on November 12, 2025, where the directors approved the setting up of a new manufacturing factory in Ludhiana, Punjab. The estimated capital investment for the project is up to Rs. 5 Crores, aimed at expanding manufacturing operations and meeting future production needs. The board also approved shifting the maintenance of the company's books of accounts from the current Ludhiana location to the new factory address, citing convenience since most sale and purchase invoices originate from that place. Managing Director Harinderpal Singh Sodhi, Whole Time Director Deepika Garg, and Executive Director Deepak Kumar have been authorized to execute the necessary actions.
The Rs. 5 Crore capex signals a clear push to scale up manufacturing capacity, which is a positive growth signal for shareholders. Shifting books of accounts closer to operations is an administrative move and not material to stock price, but it reinforces the company's operational focus on Ludhiana.