Proceedings of 3rd Extra-Ordinary General Meeting of the Company
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Avax Apparels and Ornaments Limited held its 3rd Extraordinary General Meeting on March 13, 2026, via video conferencing from 3:30 PM to 3:47 PM, chaired by Managing Director Mr. Harinderpal Singh Sodhi. Four key resolutions were proposed for shareholder approval: (1) sub-dividing/splitting the face value of equity shares from ₹10 to ₹5 per share, (2) issuing and approving bonus shares, (3) redesignating Mr. Harinderpal Singh Sodhi as Joint Managing Director with revised remuneration, and (4) redesignating Mr. Deepak Kumar as Joint Managing Director with revised remuneration. Remote e-voting was conducted between March 10 and March 12, 2026. The Company received no requests to speak or queries from shareholders before the meeting.
If approved, the stock split and bonus issue could make shares more affordable and improve liquidity for retail investors. The proposed leadership redesignations may signal a strategic shift in management structure. Shareholders should await the formal voting results, which are expected to be published on the BSE and the company's website within two working days.