Disclosure of Alteration in Memorandum in Association of the Company
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Avax Apparels and Ornaments Ltd has received shareholder approval to alter the Capital Clause (Clause V) of its Memorandum of Association. The company's authorized share capital has been increased from Rs. 2 crore (20 lakh equity shares of Rs. 10 each) to Rs. 5 crore (50 lakh equity shares of Rs. 10 each). The approval was passed by members on January 12, 2026, through a video conferencing meeting that lasted just 15 minutes. The disclosure has been made to BSE under SEBI Listing Regulations. This is a routine corporate action that gives the company additional headroom to issue new shares in the future, but it does not itself involve any new share issuance.
This is a housekeeping change that expands the company's capacity to issue new shares later, but it does not dilute current shareholders or signal any immediate fundraising, bonus, or stock split. Investors should wait for a separate announcement if any actual share issuance is planned using this expanded capital.