Outcome of the 02nd Extra-Ordinary General Meeting of the Company
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Awaiting price reaction for this filing.
Avax Apparels and Ornaments Ltd held its 2nd EGM on January 12, 2026, via video conferencing, which ran from 3:30 PM to 3:45 PM. Three special business items were put to shareholders for approval: (1) appointment of Ms. Shruti Shri Agnihotri as a Non-Executive Independent Director, (2) appointment and remuneration of Mr. Deepak Kumar as Whole Time Director, and (3) an increase in the company's Authorized Share Capital along with a consequential amendment to the Memorandum of Association. Remote e-voting was conducted from January 9 to January 11, 2026, with the cut-off date for voting eligibility set at January 5, 2026. The Managing Director, two Whole Time Directors, one Independent Director, the CFO, Company Secretary, and both the Statutory and Secretarial Auditors were present. No shareholder queries or speaking requests were received ahead of the meeting.
Shareholders should watch for the voting results to be published within two working days. The proposed increase in authorized share capital could pave the way for a future fundraising or share issuance, while the new director appointments may bring changes to board composition.