Avax Apparels And Ornaments Approves Bonus Issue And Share Split

Avax Apparels and Ornaments Limited has approved significant corporate actions to strengthen shareholder value and improve market participation. The company confirmed the issuance of bonus equity shares in the ratio of 3:1, meaning shareholders will receive three additional shares for every one share held.  

In addition, Avax Apparels has announced a share split in the ratio of 1:2, effectively doubling the number of shares in circulation while reducing the face value per share. This dual move is expected to increase liquidity, broaden retail investor participation, and enhance trading volumes.  

Key highlights from the announcement include  

• Approval of bonus equity shares in the ratio of 3:1  
• Share split announced in the ratio of 1:2  
• Corporate actions aimed at rewarding shareholders and boosting liquidity  
• Expected to improve accessibility for retail investors  
• Strengthens Avax Apparels’ market positioning and investor confidence  

Industry experts note that bonus issues and share splits are often seen as shareholder-friendly measures, signaling management’s confidence in the company’s growth trajectory. These actions are expected to make Avax Apparels’ stock more attractive to a wider investor base while supporting long-term value creation.  

Sources: Reuters, Economic Times, Business Standard