Avax Apparels And Ornaments Limited Announces Stock Split and Bonus Issue
New Delhi [India], February 18: Avax Apparels And Ornaments Limited hereby informs that its Board of Directors, in its meeting held on Tuesday, February 17, 2026, has approved, subject to shareholder and regulatory approvals, a proposal for a stock split and issuance of bonus equity shares.
The proposed stock split and bonus issue are intended to enhance liquidity in the Company’s equity shares, improve their affordability, and broaden the investor base, particularly retail participation. These actions are aligned with the Company’s long-term objective of creating sustained shareholder value and improving market participation without impacting the overall value of shareholders investments.
The Board has approved the following terms: existing face value of equity shares at ₹10 per share, r...