Proceeding and Outcome of the 02nd Extra-Ordinary General Meeting of the Company
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Avax Apparels and Ornaments Ltd held its 2nd Extraordinary General Meeting on Monday, January 12, 2026, via video conferencing from 3:30 PM to 3:45 PM IST. Three resolutions were tabled: (1) appointment of Ms. Shruti Shri Agnihotri as Non-Executive Independent Director, (2) approval of appointment and remuneration of Mr. Deepak Kumar as Whole Time Director, and (3) 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 (9:00 AM) to January 11 (5:00 PM), with January 5, 2026 as the cut-off date for shareholder eligibility. The meeting was chaired by Managing Director Mr. Harinderpal Singh Sodhi, attended by all directors, the CFO, statutory auditor, and secretarial auditor. No shareholder queries were received, and voting results will be published within two working days on the company's website, the CDSL platform, and submitted to BSE.
The proposed board refresh with a new Independent Director and re-appointment of a Whole Time Director reflects ongoing governance housekeeping. The increase in Authorized Share Capital is a routine enabling step that may signal future fundraising or stock-split plans, but shareholders should wait for the official voting results and any related board clarifications before drawing conclusions.