Annual Report for the Financial Year 2025-26 of the Company under Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

AVAX APPARELS AND ORNAMENTS LIMITED Regd. Office: 611, 6th Floor, Jaina Tower II, Distt Center, Janak Puri, New Delhi 110058, CIN: L14101DL2005PLC137127; Website: www.avaxapparels.com E-mail: Info@avaxapparels.com; Mobile: 9599497767 24th August 2026 The Department of Corporate Services, National Securities Depository Limited BSE Limited, (NSDL) Trade World, A Wing, 4th & 5th 20th Floor, P.J.Towers, Floors, Kamala Mills Compound, Lower Dalal Street, Parel, Mumbai – 400 013 Mumbai – 400 001. Central Depository Services (India) Limited Skyline Financial Services Private Limited (CDSL) Marathon Futurex, A-Wing, 25th Office No. D-153 A, 1st Floor, Okhla Floor, NM Joshi Marg, Lower Parel, Mumbai Industrial Area, New Delhi - 110020 – 400 013 Scrip Code: 544337 | Scrip Symbol: AVAX | ISIN: INE0NQ401024 Sub: Notice of 21st Annual General Meeting (AGM), E-Voting Period and Cut-Off Date for the purpose of E-Voting under Regulation 30 and Annual Report for the Financial Year 2025-26 of the Company under Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Madam/Sir, With reference to the captioned subject and pursuant to Regulation 30 & 34 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (the “SEBI LODR Regulations, 2015”) as amended from time to time, we wish to inform that the Board of Directors of the Company at their meeting held i.e., Monday, August 24, 2026 at 01:00 p.m. at Registered Office of the Company at 611, 6th Floor, Jaina Tower II, Distt Center, Janak Puri, New Delhi 110058 inter-alia considered and approved the Annual Report for the Financial Year 2025-26 and Notice of 21st Annual General Meeting (AGM) of the members of the Company which will be held on Friday, September 18, 2026 at 03:30 PM IST through Video Conferencing (VC) or Other Audio Video Means (OAVM). In compliance with applicable provisions of the Companies Act, 2013 (“Act”) and SEBI Listing Regulations, 2015, read with General Circular No. 9/2024 dated 19 September 2024, and all other applicable circulars issued by Ministry of Corporate Affairs (“MCA”) in this regard and SEBI/HO/CFD/CFDPoD2/P/CIR/2024/133 dated 03 October 2024 and all other applicable circulars issued by the Securities and Exchange Board of India (“SEBI”) in this regard (collectively referred as “MCA and SEBI Circulars”), the AGM will be held without the physical presence of the shareholders at a common venue. In terms of the provisions of Regulation 30 of the Listing Regulations, 2015, the Notice and Annual Report is enclosed herewith and the same is available on the website of the Company i.e. www.avaxapparels.com and on the website of CDSL (agency for providing the Remote e- Voting facility and e-voting system during the AGM/EGM) i.e. www.evotingindia.com and on the website of Skyline Financial Services Private Limited, the Registrar and Transfer Agent (RTA) of the Company https://www.skylinerta.com/ . Further, in accordance with the aforesaid MCA and SEBI Circulars, the Notice will be dispatched to the shareholders (as on Friday, August 21, 2026) of the Company, by electronic mode to those shareholders whose email addresses are registered with the Company’s Registrar and Share Transfer Agent/Depositories. Further, in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company will be sending letters, inter alia, containing a web link to access the Annual Report for the financial year FY 2025-26, including BSE - INTERNAL the Notice of the AGM, to those shareholders (as on Friday, August 21, 2026) whose email addresses are not registered with the Registrar and Transfer Agent / Depositories. The Board of Directors of the Company had appointed M/s. G Gupta and Associates, Peer Review Practicing Company Secretaries (FRN.: S2017DE557700) as the Scrutinizer for the E- voting process in the 21st Annual General Meeting to ensure that the E-voting process is conducted in a transparent and fair manner. The remote e-voting begins on Tuesday, 15th September 2026 (09:00 AM IST) and will end on Thursday, 17th September 2026 (05:00 PM IST) both days inclusive. Further, the Company has fixed Friday, 11th September 2026 as the cut-off date to determine the shareholders who are eligible to cast their vote electronically during the remote e-voting period as well as e-voting during the AGM. You are requested to kindly take note of the above and display the same on notice of the exchange. Thanking you, Yours faithfully, For and on behalf of the Board of Directors M/s Avax Apparels And Ornaments Limited Shruti Jain (Company Secretary and Compliance Officer) M. No.: A52018 Enclosed: As mentioned above. BSE - INTERNAL 21ST ANNUAL REPORT AVAX APPARELS AND ORNAMENTS LIMITED (FOR THE FINANCIAL YEAR 2025-26) COMPANY INFORMATION CIN L14101DL2005PLC137127 Name Avax Apparels And Ornaments Limited Listing Date January 14, 2025 Registered Office 611, 6th Floor, Jaina Tower II, Distt Center, Janak Puri, New Delhi 110058 Branch Office/Address at which the Factory Space E14/1895, Jain Shawls Wali books of account are to be Gali, Bahadar Ka Road, Thapar Nagar, B.R maintained Street, Ludhiana, Punjab, India, 141008 Board of Directors Mr. Harinderpal Singh Sodhi, (Joint Managing Director) Mr. Deepak Kumar, (Joint Managing Director) Mrs. Deepika Garg, (Executive Director) Mr. Pradeep Srivastava, (Non-Executive Independent Director) Mr. Rajat Goel, (Non-Executive Independent Director) Ms. Shruti Shri Agnihotri, (Non-Executive Independent Director) Audit Committee Mr. Pradeep Srivastava, (Chairperson) Mr. Rajat Goel, (Member) Mr. Deepak Kumar, (Member) Nomination And Remuneration Mr. Rajat Goel, (Chairperson) Committee Mr. Pradeep Srivastava, (Member) Ms. Shruti Shri Agnihotri, (Member) Stakeholder’s Relationship Mr. Pradeep Srivastava, (Chairperson) Committee Mr. Rajat Goel, (Member) Mrs. Deepika Garg, (Member) Chief Financial Officer (CFO) Mr. Vikas Arora Company Secretary & Ms. Shruti Jain Compliance Officer Internal Auditor M/s Prince Kumar & Associates (Chartered Accountants) Statutory Auditor M/s N K S C & Co., (Peer Review Chartered Accountants) Secretarial Auditor M/s. G Gupta and Associates, (Peer Review Practicing Company Secretaries) Registrar & Transfer Agent Skyline Financial Services Private Limited TABLE OF CONTENT Particulars Page No. Managing Director’s Message 01 Notice of 21st Annual General Meeting 02 Board’s Report 17 Annexure to the Board’s Report-  Annexure A Form MR 3 (Secretarial Audit Report) 27  Annexure B Form AOC 2 31  Annexure C Form AOC-1 32  Annexure-D Details pertaining to remuneration 34  Annexure-E Management Discussion and Analysis Report 37 Declaration by the Managing Director 41 Independent Auditors’ Report 42 Standalone Financial Statement 55 Cash Flow Statement 57 Notes forming Part of the Standalone Financial Statement 59 Managing Director’s Message Avax Apparels and Ornaments Limited Dear Shareholders, It gives me immense pleasure to present to you the Annual Report of Avax Apparels and Ornaments Limited for the financial year 2025–2026. The year under review has been a period of resilience, growth, and continued progress for the Company. Despite the evolving economic environment and changing consumer preferences, we remained focused on strengthening our business fundamentals, enhancing operational efficiency, and creating sustainable value for all our stakeholders. At Avax Apparels and Ornaments Limited, we continue to believe that quality, innovation, customer focus, and adaptability are the key pillars of long-term success. During the year, we remained committed to strengthening our product offerings, improving our operational processes, and expanding our market presence. Our focus has been to build a strong foundation that enables the Company to respond effectively to emerging opportunities while maintaining the highest s [Showing first 8,000 characters — download PDF for full document]