Intimation of Resignation of Mr. Harish Kumar (DIN-09283531) from the post of Whole Time Director of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 5.1 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Harish Kumar has resigned from the post of Whole Time Director of Avax Apparels and Ornaments Ltd, effective from the close of business hours on October 7, 2025. The reason cited is personal reasons, and the company has confirmed there are no other material reasons behind the exit. Mr. Kumar was also a member of the Audit Committee and other board committees, from which he is simultaneously stepping down. He does not hold directorship in any other listed entity. The Managing Director, Mr. Harinderpal Singh Sodhi, continues on the board, and the disclosure has been filed with BSE under SEBI LODR Regulation 30.
This is a routine KMP-level exit citing personal reasons with no governance red flags flagged. For shareholders, it is a minor leadership change at a small-cap company and unlikely to materially affect operations, though investors may want to watch for any follow-up board restructuring announcements.