The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 4.4 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Deepak Kumar (director and brother of promoter Harish Kumar) acquired 3,22,074 equity shares (30.99% of total share capital) of Avax Apparels and Ornaments Ltd via an off-market inter-se transfer by way of gift (no consideration). The shares came from two sellers: Harish Kumar (promoter) who transferred 2,18,084 shares (20.99%) and Deepika, his wife (promoter group), who transferred 1,03,990 shares (10.01%). The transaction, completed on 8 December 2025, is exempt from open offer requirements under Regulation 10(1)(a)(i) since it is an inter-se transfer among immediate relatives within the promoter and promoter group. After the transfer, Harish Kumar and Deepika hold 0% while Deepak Kumar holds 30.99%; total promoter group holding remains unchanged. A fee of Rs. 1,77,000 (including GST) was paid to SEBI on 1 January 2026.
This is a pure internal reshuffle within the promoter family — total promoter group ownership stays the same, so there is no change in control or dilution for outside shareholders. No open offer is triggered, and the stock price is unlikely to be materially affected since no new money is involved.