Intimation of Resignation of Mr. Amitabh Agrawal (DIN-00124966) from the post of Independent Director of the Company
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Avax Apparels and Ornaments Ltd has informed the stock exchange that Mr. Amitabh Agrawal (DIN: 00124966) has resigned from the post of Independent Director of the company with effect from the close of business hours on September 18, 2025. The reason cited is 'some other pre-occupation.' Along with his directorship, he has also stepped down as Chairman/Member of the Audit Committee and Nomination and Remuneration Committee of the company. He continues to serve as an Independent Director on the board of Siddhika Coatings Limited. Mr. Agrawal has confirmed there are no other material reasons behind his resignation.
This is a routine board-level change with the resignation attributed to personal pre-occupation rather than any governance concerns. Shareholders should monitor whether the company fills the Independent Director vacancy within the SEBI-mandated timeline, as the board's composition and audit committee strength may be temporarily affected.