Company Update

Avax Apparels And Ornaments reports that Mr. Davinderpal Singh Sodhi, a Promoter Group member, has acquired 80,000 equity shares in the company through an on-market transaction for a stated value of 41,07,3. This transaction increases Mr. Sodhi's holding to 80,000 shares, representing 0.96% of the company's total shareholding.

This increase in promoter stake is generally seen by investors as a positive signal, demonstrating confidence in the company's future.