Updates

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 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that Avalon Technologies Limited (“Avalon”) has incorporated a wholly owned subsidiary in the name and style of “Zollner Avalon Private Limited” (“Company”). The Ministry of Corporate Affairs, Government of India has issued the Certificate of Incorporation on October 19, 2026. In line with our disclosure made on September 03, 2026, please note that this Company is initially incorporated as a wholly owned subsidiary of Avalon; following which Zollner will subscribe to equity shares representing 51% of the Company’s issued and paid-up share capital. 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 Annexure. Date of occurrence of event/information October 19, 2026 Time of occurrence of event/information 12:07 p.m. (IST) 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: October 20, 2026 ANNEXURE Incorporation of a wholly owned subsidiary Sl. No Particulars Details Name of the Entity: Zollner Avalon Private Limited Name of the entity, date & country of Date of Incorporation: October 19, 2026 1. incorporation, details in brief such as Country of Incorporation: India size, turnover etc. Turnover: Not Applicable since Company is newly incorporated. 2. Name of holding company of the Avalon Technologies Limited is the Holding Company incorporated company and relation of the company incorporated. The Company is a wholly with the listed entity owned subsidiary of Avalon Technologies Limited; following which, Zollner shall subscribe to equity shares representing 51% of the issued and paid-up share capital of the Company, subject to satisfaction of conditions set out in the Joint Venture Agreement (JVA) executed. Following the incorporation of the Company, the Company will accede to the JVA by executing a deed of accession. 3. Whether the acquisition would fall Avalon Technologies Limited is the Holding Company within related party transaction(s) and of the company incorporated. The Company is a wholly whether the promoter/promoter owned subsidiary of Avalon Technologies Limited. group/group companies have any Accordingly, Zollner Avalon Private Limited shall be a interest in the entity being acquired? related party of Avalon. If yes, nature of interest and details thereof and whether the same is done Avalon shall subscribe to 9,800 equity shares of INR 10 at “arm’s length” each, following which the issued and paid-up capital of the Company shall be INR 98,000/-. The same is considered as arm’s length and there is no other interest in the Company at this stage. 4. Industry to which the entity being Electronic Manufacturing Services incorporated belongs 5. Brief background about the entity The Company shall serve as a manufacturing and incorporated in terms of products /line services platform for printed circuit board assembly, of business. box-build and system integration, testing, validation, industrialization support, sourcing, supply-chain 6. Objects and impact of acquisition coordination, logistics and related after-sales services. (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is Its business is not outside the main line of business of outside the main line of business of Avalon. the listed entity.) 7. Brief details of any governmental Not Applicable. or regulatory approvals required for the incorporation 8. Indicative time period for completion Not Applicable. of the acquisition 9. Nature of consideration - whether The consideration (subscription money) shall be made cash consideration or share swap and in the form of Cash (Bank Transfer). details of the same 10. Cost of subscription / price at which The Company has been incorporated with an the shares are subscribed authorized share capital of INR 2,00,000 (Indian Rupees Two Lakh), comprising 20,000 (twenty thousand) equity shares of INR 10 (Indian Rupees Ten) each. At the initial stage, Avalon shall subscribe to 9,800 equity shares of INR 10 each, following which the issued and paid-up capital of the Company shall be INR 98,000/-. 11. Percentage of shareholding / control 100% of the issued and paid-up share capital of the by the listed entity and / or number of Company shall be initially held by Avalon shares allotted Technologies Limited; following which Zollner shall subscribe to equity shares representing 51% of the issued and paid-up share capital of the Company, subject to satisfaction of conditions set out in the JVA. Following the incorporation of the Company, the Company will accede to the JVA by executing a deed of accession. 12. Brief background about the entity Brief Background: The Company shall serve as a acquired in terms of products/line of manufacturing and services platform for printed circuit business acquired, date of board assembly, box-build and system integration, incorporation, history of last 3 years testing, validation, industrialization support, sourcing, turnover, country in which the supply-chain coordination, logistics and related after- acquired entity has presence and any sales services. other significant information (in brief) Date of Incorporation: October 19, 2026 Last 3 years Turnover: Not Applicable Country: India Yours sincerely, For Avalon Technologies Limited Name of the Person: Mr. Ajay Shukla Designation: Company Secretary & Compliance Officer M. No: A36992 Date: October 20, 2026