Options to purchase securities

To: To: BSE Limited The Manager Corporate Relationship Department Listing Department PJ Towers, The National Stock Exchange of India Limited Dalal Street, “Exchange Plaza”, Bandra – Kurla Complex, Mumbai - 400001 Bandra (EAST), Mumbai – 400051 BSE SCRIP CODE: 543896 NSE Symbol: AVALON Dear Sir/Madam, Sub: Grant of Employee Stock Options under the Avalon – Employee Stock Option Scheme 2022 Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to the above captioned Regulations, we wish to inform that our Nomination and Remuneration Committee has approved the grant of 90,000 Employee Stock Options (ESOPs) to the eligible employees under the Avalon Employee Stock Option Plan – 2022 (‘ESOP Plan’) through Circular Resolution on September 02, 2026, at 10.28 A.M. The details in respect of the above-mentioned items as required under Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are given as Annexure. You are requested to take the same on record. For Avalon Technologies Limited Name of the Person: Mr. Ajay Shukla Designation: Company Secretary & Compliance Officer Membership Number: A36992 Date: September 02, 2026 Annexure – A Details required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 a Brief details of options granted The Nomination and Remuneration Committee has approved the grant of 90,000 ESOPs to the eligible employees under the Avalon Employee Stock Option Plan - 2022, which is within the shareholders approved limit of 30,00,000 options as ‘ESOP Grant - Round V’. The Company views equity-based compensation as key to align the objectives of an individual with those of the organization. The objective is to reward the Employees for their contribution to the success of the Company and to provide an incentive to continue contributing to the success of the Company. It will be administered by the Nomination and Remuneration Committee (NRC). b Whether the scheme is in terms of SEBI Yes (SBEB) Regulations, 2021 c Total number of shares covered by these 90,000 (Ninety Thousand only) equity shares of face value options and the total number of shares of Rs. 2/- (Rupees Two) each of Avalon Technologies Ltd. arising as a result of exercise of options d Pricing formula Pursuant to the applicable provisions of the SEBI (SBEB) Regulations 2021 and as per provisions of the existing ‘ESOP Plan’, the said options have been granted at INR 1,855, a discount of 20% on the latest available closing price of the shares of the Company on the National Stock Exchange of India Limited prior to the date of this grant. e Options to be vested Options shall be vested over a four-year period as provided below: ▪ 25% of the options granted shall vest on completion of one year from the date of grant. ▪ 25% of the options granted shall vest on completion of two years from the date of grant. ▪ 25% of the options granted shall vest on completion of three years from the date of grant. ▪ 25% of the options granted shall vest on completion of four years from the date of grant. f Time within which option may be The exercise period shall be a maximum of three years from exercised the date of the respective vesting of Options. For Avalon Technologies Limited Name of the Person: Mr. Ajay Shukla Designation: Company Secretary & Compliance Officer Membership Number: A36992 Date: September 02, 2026