Disclosure under Reg. 7(2) and 6(2) of SEBI (PIT) Regulations, 2015
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Mr. Davinderpal Singh Sodhi, a member of the Promoter Group of Avax Apparels and Ornaments Limited, has bought 80,000 equity shares of the company through on-market purchases between 28 May 2026 and 5 June 2026. The total value of the transaction is approximately Rs 41.07 lakh (around Rs 51.34 per share average). Prior to this acquisition, he held zero shares in the company, and post-acquisition his holding stands at 80,000 shares, representing about 0.96% of the company's share capital. The disclosure was filed under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
This is a small but positive signal for retail investors, as a promoter group member has initiated a stake in the company through open market purchases, which generally indicates confidence in the business. However, the size of the purchase (less than 1% of equity) is too small to materially impact the stock price.