Re-appointment of Whole-Time Directors of the Company
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Awaiting price reaction for this filing.
Avax Apparels and Ornaments has re-appointed two existing Whole-Time Directors — Mr. Harish Kumar and Mrs. Deepika Garg — for a fresh three-year term from September 1, 2025 to August 31, 2028, subject to shareholder approval at the upcoming 20th Annual General Meeting. Both are existing internal directors: Mr. Harish Kumar (with the company since 2021) heads sales and marketing, while Mrs. Deepika Garg (joined 2022) brings IT and apparel design expertise. The board approved these re-appointments at a meeting held on August 1, 2025, based on recommendations of the Nomination and Remuneration Committee. Both directors confirmed they are not debarred by SEBI or disqualified under Section 164 of the Companies Act, 2013. No inter-director relationship has been disclosed.
This is a routine governance update confirming continuity in the company's executive leadership. It is unlikely to have any material impact on the stock price, though shareholders will have the final say on these re-appointments at the AGM.