Output of Meeting of the Board of Directors under Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Avax Apparels and Ornaments Limited held a Board meeting on May 25, 2026 where the standalone audited financial results for the half year and year ended March 31, 2026 were approved. The company reported profit after tax of Rs 183.18 lakhs for FY2026, up from Rs 165.77 lakhs in the previous year. Total assets grew significantly to Rs 1,452.50 lakhs from Rs 928.82 lakhs. However, borrowings increased sharply to Rs 410.52 lakhs from Rs 66.35 lakhs, and operating cash flow was negative at Rs 250.10 lakhs, primarily due to a Rs 261.48 lakh increase in inventories. The auditors NKSC & Co. issued an unmodified opinion on the financial statements. The board also appointed M/s Prince Kumar & Associates as Internal Auditor and re-appointed M/s G Gupta and Associates as Secretarial Auditors for FY2026-27.
Positive signal from clean audit opinion and profit growth, but rising debt levels and negative operating cash flow may raise concerns about liquidity management for shareholders.