Change in Management

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 Sir/Madam, Sub: - Disclosure under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, this is to inform you that the Board of Directors at its meeting held today, i.e., September 03, 2026, has, inter-alia, considered and approved the following matters: 1. Appointment of Mr. CG Balaji as an Additional Director (Independent Category) Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. CG Balaji (DIN:11879293) as an Additional Director designated under Independent Category of the Company, for a period of 5 consecutive years with effect from September 03, 2026, subject to the approval of the Shareholders in the ensuing Annual General Meeting of the Company. The requisite disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed herewith as ‘Annexure A’. 2. Re-appointment of Mr. Kunhamed Bicha as the Chairman & Managing Director of the Company Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re- appointment of Mr. Kunhamed Bicha (DIN: 00819707) as the Chairman & Managing Director of the Company for a further period of 5 consecutive years, with effect from July 12, 2027, subject to the approval of the Shareholders in the ensuing Annual General Meeting of the Company. The requisite disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed herewith as ‘Annexure B’. 3. Re-appointment of Mr. Venkataramani Anantharamakrishnan as an Independent Director of the Company Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re- appointment of Mr. Venkataramani Anantharamakrishnan (DIN: 00277816) as an Independent Director of the Company for a second term of 5 consecutive years with effect from July 07, 2027, subject to the approval of the Shareholders in the ensuing Annual General Meeting of the Company. The requisite disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed herewith as ‘Annexure C’. 4. Re-appointment of Mr. Byas Unnikrishnan Nambisan as an Independent Director of the Company Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re- appointment of Mr. Byas Unnikrishnan Nambisan (DIN:01342141) as an Independent Director of the Company for a second term of 5 consecutive years with effect from July 19, 2027, subject to the approval of the Shareholders in the ensuing Annual General Meeting of the Company The requisite disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed herewith as ‘Annexure D’. The meeting commenced at 05.00. P.M. and concluded at 05.25 P.M. The details in respect of the above-mentioned items as required under Regulation 30 read with Schedule III, Part A, Para A 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 attached as Annexures. You are requested to take the above information on record. Yours sincerely, For Avalon Technologies Limited Name of the Person: Mr. Ajay Shukla Designation: Company Secretary & Compliance Officer M. No: A36992 Date: September 03, 2026 ANNEXURE A Sl. No Particulars Details 1. Name of the Director Mr. CG Balaji 2. Reason for change viz. appointment, re- Mr. CG Balaji (DIN:11879293) has been appointment, resignation removal, death or appointed as an Additional Director under Independent Category of the Company. otherwise 3. Date of appointment/ re-appointment /cessation September 03, 2026 & term of appointment/ re-appointment Mr. CG Balaji (DIN:11879293) has been appointed as an Additional Director under Independent Category of the Company with effect from September 03, 2026. The term of his appointment as an Independent Director will be for a period of 5 consecutive years and the appointment shall be subject to the approval of shareholders of the Company. 4. Brief Profile (in case of appointment) Mr. C.G. Balaji is a senior technology professional with over 25 years of experience in enterprise technology governance, digital transformation, AI strategy, compliance, risk management and business applications. He has held leadership positions in reputed global organisations including Databricks, Palo Alto Networks, Hewlett Packard Enterprise and Deloitte Consulting. His expertise includes technology transformation, automation, internal controls, governance and enterprise risk management. The Board believes that his experience and expertise will enhance the Board’s decision- making process and strengthen the Company’s overall governance framework. 5. Disclosure of Relationships between Directors He is not related to any of the Directors of the (in case of appointment of a director) Company ANNEXURE B Sl. No Particulars Details 1. Name of the Director Mr. Kunhamed Bicha 2. Reason for change viz. appointment, re- Mr. Kunhamed Bicha (00819707) has been re- appointment, resignation removal, death or appointed as the Chairman & Managing Director otherwise of the Company. July 12, 2027 3. Date of appointment/ re-appointment /cessation & term of appointment/ re-appointment Mr. Kunhamed Bicha (00819707) has been re- appointed as the Chairman & Managing Director of the Company with effect from July 12, 2027. The term of his re-appointment as the Chairman & Managing Director will be for a further period of 5 consecutive years and the appointment shall be subject to the approval of shareholders of the Company. 4. Brief Profile (in case of appointment) Mr. Kunhamed Bicha holds a Bachelor’s Degree in Mechanical Engineering from PSG College of Technology and a Master’s Degree in Science (Industrial Engineering) from Wichita State University. He is one of the Promotors of our Company. He co-founded Sienna and currently serves as its Chief Executive Officer. He has been associated with our Company since its incorporation. He was awarded the “CII Connect 2017 Award for Entrepreneur of the year (Manufacturing)” by the Confederation of Indian Industry. The Board believes that his continued leadership will provide sustainable growth and support the Company in implementing its future business plans. 5. Disclosure of Relationships between Directors No inter-se relationships between Directors as (in case of appointment of a director) per the provisions of the Companies Act, 2013 and the Listing Regulations. ANNEXURE C Sl. No Particulars Details 1. Name of the Director Mr. Venkataramani Anantharamakrishnan 2. Reason for change viz. appointment, re- Mr. Venkataramani Anantharamakrishnan appointment, resignation removal, death or (DIN: 00277816) has been re-appointed as the otherwise Non-Executive Independent Director of the Company. 3. Date of appointment/ re-appointment /cessation July 07, 2027 & term of appointment/ re-appointment Mr. Venkataramani Anantharamakrishnan (DIN: 00277816) has been re-appointed as the Non-Executive Independent Director of the Company with effect from July 07,2027. The term of his re-appointment as the Non-Executive Independent Director will be for second term of 5 consecutive years and the appointment shall be subject to the approval of shareholders of the Company. 4. Brief Profile (in case of appointmen [Showing first 8,000 characters — download PDF for full document]