Avalon Technologies Incorporates Zollner Avalon Private Limited

Avalon Technologies Limited has incorporated a new wholly owned subsidiary, Zollner Avalon Private Limited, on October 19, 2026. Initially, Avalon will hold 100% of the subsidiary, which will then see Zollner subscribe to 51% of its equity. The subsidiary will operate in the Electronic Manufacturing Services sector, focusing on PCB assembly, system integration, and related services, aligning with Avalon's core business. The incorporation is part of a joint venture agreement, with the initial share subscription by Avalon amounting to INR 98,000/-. This move is considered an arm's length transaction.