Appointment of Mr. Vikash Arora as a Chief Financial Officer (CFO) of the Company
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Avax Apparels and Ornaments Ltd has appointed Mr. Vikas Arora as the new Chief Financial Officer and Key Managerial Personnel of the company, effective August 1, 2025. The appointment was made by the Board of Directors based on recommendations from the Nomination and Remuneration Committee and the Audit Committee. The change was triggered by the resignation of the previous CFO. Mr. Arora holds a B.Com and LL.B degree, with experience in financial operations, budgeting, legal compliance, and internal controls. The board meeting was held at the registered office in New Delhi from 1:00 PM to 2:30 PM on August 1, 2025.
Shareholders should note a leadership change at the finance function, following the departure of the previous CFO. The new CFO's combined finance and legal background may strengthen financial reporting and compliance, though investors should watch for continuity in financial disclosures in coming quarters.