Avax Apparels Stock Split and 3:1 Bonus Issue Approved Ahead of March 2026 EGM

Avax Apparels and Ornaments Ltd. said its Board cleared a stock split and bonus shares plan. The decisions came at a meeting on Tuesday, February 17, 2026. The moves still need shareholder and regulatory approvals. The company said record dates for both actions will come later.

The company said the steps aimed to improve share liquidity and widen participation. It also indicated a focus on retail investors by lowering the trading price point. The Board will announce the record date after required approvals. The company also outlined an Extraordinary General Meeting date for approvals.

The Board approved a face value split from Rs 10 to Rs 5 per share. It also cleared a 3:1 bonus issue on the post-split shares. Key terms are set out below for easy reading.

Action	Existing share	Result
Stock split	1 share of Rs 10	2 shares of Rs 5
Bonus issue	1 share of Rs 5	3 bonus shares of Rs 5

The company shared the stock split resolution in the following words. "Sub-division of the face value of each Equity Share of the Company from Rs 10/- (Rupees Ten only) each to Rs 5/- (Rupees Five only) each. Accordingly, every 1 (one) existing Equity Share of face value of Rs 10/- each fully paid-up is sub-divided into 2 (two) Equity Shares of face value of Rs 5/- each fully paid-up, subject to the approval of the members of the Company. The record date for determining the entitlement of the members of the Company to receive Stock Sub-division shares will be announced in due course," Avax Apparels and Ornaments said in a statement.

The company also disclosed the bonus proposal in this wording. "Issue of bonus equity shares in the ratio of 3:1, i.e., Three (3) bonus equity share of face value of Rs 5/- each for every one (1) fully paid-up equity share of face value of Rs 5/- each ranking pari-passu in all respects, subject to the approval of the members of the Company. The record date for determining the entitlement of the members of the Company to receive bonus equity shares will be announced in due course," Avax Apparels and Ornaments further informed the exchanges.

Subject to approvals, Avax Apparels and Ornaments proposed an EGM on Friday, March 13, 2026. The company said the record date for eligibility will follow Board approval. The same process will apply to bonus share allotment. The company has not announced either record date yet.

Avax Apparels and Ornaments target price and technical view

Market commentary also noted near-term chart levels for the stock. "Avax Apparels stock price is bullish but also overbought with next resistance at 306 on the Daily charts. Investors should book profits at current levels as a Daily close below support of 284 could lead to a target of 248 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

Avax Apparels and Ornaments business profile and disclaimer

Avax Apparels And Ornaments Limited said it makes textiles and apparel products. It also trades goods in many forms, including import and export activity. The company described storage, transport, marketing, wholesale, and retail dealings in India and elsewhere. Separately, Goodreturns.in said analyst views were personal, not investment advice.

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