Board Meeting12 Nov 2026, 10:41 pm
Avalon Technologies Board Approves Financial Results & Guarantees
AI Summary
Avalon Technologies Ltd announced the approval of its Unaudited Standalone and Consolidated Financial Results for the Quarter and Half Year Ended September 30, 2026. The Board also approved the reclassification of Mr. Bhaskar Srinivasan and the promoter group from 'Promoter' to 'Public' category, subject to regulatory approvals. Additionally, corporate guarantees were approved for credit facilities to wholly-owned subsidiaries Avalon Technology and Services Private Limited (up to ₹55 Crore) and ABV Electronics Inc. (up to ₹50.50 Crore). The company also approved an investment in Revos Auto Tech Pte. Ltd. by subscribing to convertible notes for ₹11 Crore.
Key Highlights
- Board approved Unaudited Financial Results for Q2 FY27 and H1 FY27.
- Approved reclassification of promoter group to public category.
- Approved corporate guarantee of ₹55 Crore for subsidiary Avalon Technology.
- Approved corporate guarantee of ₹50.50 Crore for subsidiary ABV Electronics.
- Approved investment of ₹11 Crore in Revos Auto Tech Pte. Ltd.
Price Impact
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