The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Avax Apparels and Ornaments Ltd disclosed an off-market inter-se transfer of 3,22,074 equity shares, representing 30.99% of the company's paid-up share capital, between members of the promoter and promoter group. Harish Kumar (promoter) will gift 2,18,084 shares (20.99%) and Deepika, an immediate relative of Harish, will gift 1,03,990 shares (10.01%) to Deepak Kumar, who is a director of the company and immediate relative of Harish. Deepak Kumar currently holds zero shares but will move to 30.99% post-transaction. No consideration is involved as the transfer is by way of gift deed. The transaction is exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI SAST Regulations and is expected to be executed on or after December 7, 2025.
This is a purely internal family restructuring with no change in total promoter group holding (remains 30.99%) and no cash involved, so there is no direct impact on the stock price or company operations. Shareholders should note the shift in individual shareholding composition within the promoter family.