Avalon Technologies Ltd

Avalon Technologies Ltd has announced that its Board of Directors will convene on November 12, 2026. The primary agenda item is the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the Quarter and Half Year ended September 30, 2026. This meeting is being held in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Avalon Technologies Ltd has announced that its Extra-Ordinary General Meeting (EGM) will be held on Saturday, November 21, 2026, at 11:00 AM IST. The meeting will be conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM). Key business to be transacted includes the consideration and approval of the alteration of the Articles of Association of the Company. This alteration involves amending Article 3 to define 'Securities' and substituting Article 7 to detail the kinds of share capital and securities the Company may issue, including equity shares, preference shares, warrants, and other convertible instruments. The company has also provided a facility for electronic voting (e-voting) for its members, with the cut-off date for entitlement being November 14, 2026. The remote e-voting period will be from November 18 to November 20, 2026.

Avalon Technologies Ltd announced that its Board of Directors has approved the preferential issuance of up to 19,37,808 warrants at an issue price of ₹2,193.20 each, aggregating up to ₹425,00,00,505.60 (₹425 Crore). These warrants are convertible into one fully paid-up equity share each and can be exercised within 18 months. The company also approved alterations to its Articles of Association to permit the issue of such securities. An Extraordinary General Meeting (EGM) will be convened on November 21, 2026, to seek shareholder approval. Crisil Ratings Limited has been appointed as the Monitoring Agency for the proceeds of this preferential issue.

Avalon Technologies Ltd has announced a Board of Directors meeting scheduled for October 27, 2026. The primary agenda items include considering and approving amendments to the Articles of Association and a proposal for raising funds. The fund-raising mechanism could involve issuing equity shares, convertible debentures, warrants, or other securities through a preferential issue or other permitted methods, subject to regulatory and shareholder approvals. The Board will also discuss convening an extraordinary general meeting (EGM) to seek shareholder consent for these proposals. The company has also closed its trading window from October 1, 2026, until 48 hours after the announcement of Q2 FY27 financial results.

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.

Avalon Technologies Limited has received an ESG rating of 'Crisil ESG 58' under the 'Adequate' category from Crisil ESG Ratings & Analytics Limited. This voluntary rating is based on disclosures for the financial year 2025-26 and publicly available information. The event occurred on October 13, 2026.

Avalon Technologies Ltd has issued a clarification regarding the appointment and re-appointment of directors, as initially disclosed on September 3, 2026. The company confirmed that Mr. CG Balaji has been appointed as an Additional Non-executive Independent Director. Additionally, Mr. Kunhamed Bicha has been re-appointed as Chairman & Managing Director, Mr. Venkataramani Anantharamakrishnan as Non-Executive Independent Director, and Mr. Byas Unnikrishnan Nambisan as Non-Executive Independent Director. All directors are confirmed not to be debarred from holding office by any SEBI order or other authority. The re-appointments for Mr. Bicha, Mr. Anantharamakrishnan, and Mr. Nambisan are for a further term of 5 consecutive years, effective from July 12, 2027, July 7, 2027, and July 19, 2027, respectively, subject to shareholder approval. Mr. Balaji's appointment is effective from September 3, 2026, also subject to shareholder approval.

Avalon Technologies Limited has executed a lease deed with the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) for 25.08 acres of land. The land, located at SIPCOT Industrial Park, Oragadam, Kancheepuram District, Tamil Nadu, will be used to establish a new industrial unit. The lease agreement is for a period of ninety-nine years. This strategic move supports the company's operational expansion and capacity building.

Mr. Bhaskar Srinivasan, a Promoter of Avalon Technologies Ltd, along with BBS Family Trust and KBS Family Trust, has sold a total of 40,08,705 equity shares, representing 6.00% of the total share capital. The sale was conducted via the Block Deal Mechanism on the stock exchange on September 30, 2026. Following the sale, Mr. Srinivasan's individual holding reduced from 9.38% to 7.38%, while the Trusts' combined holding decreased from 6.04% to 2.04%. The total promoter group holding has consequently reduced. The total equity share capital of the company remains unchanged at INR 13,37,64,600.

Bhaskar Srinivasan, along with BBS Family Trust and KBS Family Trust, has sold a total of 40,08,705 equity shares, representing 6.00% of the total share capital in Avalon Technologies Limited. The sale was conducted via the Block Deal Mechanism on the stock exchange. Following the transaction, Bhaskar Srinivasan's individual holding reduced from 9.38% to 7.38%, while the Trusts' combined holding decreased from 6.04% to 2.04%. The total promoter group holding has consequently reduced.