The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deepika
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Awaiting price reaction for this filing.
Deepika, a member of the Promoter Group of Avax Apparels and Ornaments Ltd, has transferred 1,03,990 equity shares (representing 10.01% of the company's shareholding) to Deepak Kumar, also part of the Promoter Group, via an off-market inter-se transfer by way of gift without any consideration on 08/12/2025. As a result of this transfer, Deepika's holding in the company has gone down to zero. The transaction is exempt under Regulation 10(1)(a) of the SEBI SAST Regulations as it is a transfer within the Promoter and Promoter Group. The total shareholding of the Promoter Group as a whole remains unchanged since this is only an internal reshuffle.
This is a neutral event for shareholders — no change in total promoter ownership or company fundamentals. The transfer is a gift within the promoter family and is exempt from open-market disclosures, so it should not materially affect the stock price.