Disclosure under Regulation 7(2) and 6(2) of SEBI (Prohibition of Insider Trading) Regulation, 2015
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Whole-Time Director Ms. Deepika Garg bought 15,000 shares of Avax Apparels and Ornaments on 4 June 2025 through an on-market purchase, valued at approximately ₹20.73 lakhs. Her holding in the company rose from 8.56% (88,990 shares) to 10.01% (103,990 shares) after the transaction. The disclosure was filed via Form C under SEBI's Prohibition of Insider Trading Regulations, 2015 (Regulation 7(2) read with Regulation 6(2)). No derivatives trading was reported. The company has a small-float profile, so a buy of this size is meaningful relative to her existing stake.
Insider buying by a Director is typically read as a confidence signal in the company's outlook. With her stake now crossing 10%, she has a stronger economic interest aligned with minority shareholders, though retail investors should note this is a KMP purchase and not a promoter-level transaction as classified in the filing.