Appointment of Directors of the Company
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On October 15, 2025, the board of Avax Apparels and Ornaments approved two new director appointments following two resignations. Ms. Shruti Shri Agnihotri, a Company Secretary with 9 years of experience in RTA operations and corporate compliance, was appointed as Non-Executive Independent Director for a 5-year term. Mr. Deepak Kumar, a former SEBI Assistant Manager with 10 years of regulatory experience, was appointed as Whole Time Director for a 3-year term. These appointments follow the resignations of Mr. Amitabh Agrawal (Non-Executive Independent Director) and Mr. Harish Kumar (Whole Time Director). Both new appointments are subject to shareholder approval at the next general meeting. The Audit Committee and Nomination & Remuneration Committee have also been reconstituted. Notably, the new Whole Time Director Mr. Deepak Kumar is the spouse of existing Whole Time Director Ms. Deepika Garg.
The board refresh introduces regulatory and secretarial expertise but shareholders should note the family connection of the new Whole Time Director to an existing board member. The changes require shareholder ratification at the next general meeting, and there is no immediate material change to business operations.