Notice of 2nd Extra-Ordinary General Meeting
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Avax Apparels and Ornaments Ltd has called its 2nd EGM on Monday, January 12, 2026 at 03:30 PM IST, to be held via video conferencing. Three items of special business are on the agenda: (1) Appointing Ms. Shruti Shri Agnihotri (DIN-11323825) as a Non-Executive Independent Director for a 5-year term from October 15, 2025 to October 14, 2030 (Special Resolution); (2) Approving the appointment and remuneration of Mr. Deepak Kumar (DIN-08267845) as Whole Time Director for 3 years (Oct 15, 2025 to Oct 14, 2028), with a remuneration cap of Rs. 30 lakh per annum (Special Resolution); and (3) Increasing the authorized share capital from Rs. 2 crore to Rs. 5 crore (from 20 lakh to 50 lakh equity shares of Rs. 10 each), along with a corresponding amendment to the Memorandum of Association (Ordinary Resolution). The remote e-voting window runs from January 9, 2026 (9:00 AM) to January 11, 2026 (5:00 PM), with January 5, 2026 as the cut-off date to determine eligibility. M/s G Gupta and Associates has been appointed as scrutinizer for the e-voting process.
Shareholders should review the resolutions, particularly the Rs. 3 crore authorized capital increase which signals room for a future fundraising or equity issuance, and the executive remuneration approval for Mr. Deepak Kumar. The cut-off date for e-voting eligibility is January 5, 2026 — investors must hold shares by this date to participate in the voting.