Disclosure under Reg. 31(4) & (5) of SEBI (SAST) Regulations, 2011
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Avax Apparels and Ornaments Ltd has filed a Reg. 31(4) & (5) disclosure for the year ended March 31, 2026. Promoters (including Harinderpal Singh Sodhi) collectively hold 10,80,316 shares representing 51.98% of the company as of March 31, 2026. The promoters have explicitly declared that they have not created any encumbrance (pledge) on their shares, directly or indirectly, during the entire financial year 2025-26.
Promoters retaining a comfortable majority stake (51.98%) with zero share encumbrances is a positive signal, indicating no immediate pledged share risk or pressure on promoter holding. Shareholders can view this as a stable promoter commitment.