Announced Fri, 23 May · 14:54 IST

Re-Appointment of Internal Auditor of the Company for the Financial Year 2025-26

Management Changes View source PDF

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AI summary

The Board of Directors of Avax Apparels and Ornaments Ltd, at its meeting on 23rd May 2025, approved the re-appointment of M/s. VGCA And Associates, Chartered Accountants (FRN-014283N) as the Internal Auditor of the Company for a one-year term covering Financial Year 2025-26. The recommendation was made by the Audit Committee. VGCA And Associates is a Ludhiana-based chartered accountancy firm providing internal audit, risk assessment, and management services, and is not related to any Director of the Company. The disclosure was filed with BSE under Regulation 30 of SEBI LODR Regulations, 2015.

Likely market impact

This is a routine governance disclosure — re-appointment of an existing internal auditor ensures continuity of the internal audit process for the upcoming financial year and is unlikely to have any material impact on the stock price or shareholders.