Please find the enclosed Notice of the Extra-Ordinary General Meeting of the Company scheduled to be held on Saturday, November 21, 2026 at 11.00 a.m. (IST)

To: To: Corporate Relationship Department The Manager BSE Limited 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(s)/Madam, Sub: Notice of the Extra-Ordinary General Meeting (EGM) of the Company Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Further to our letter dated October 27, 2026, and pursuant to the above captioned SEBI Regulations, we would like to inform you that the Extra-Ordinary General Meeting (EGM) of the Company is scheduled to be held on Saturday, November 21, 2026 at 11.00 A.M (IST) through Video Conferencing /Other Audio Visual Means (“VC/OAVM”) in accordance with the circulars issued by the Ministry of Corporate Affairs (“MCA”) and Securities and Exchange Board of India (“SEBI”) (collectively referred to as “Circulars”) in this regard, from time to time. Further, pursuant to the provisions of Section 108 of the Companies Act, 2013, and rules made thereunder (as amended) and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has provided the facility to its Members to cast their votes electronically (e-voting) on the resolutions set out in the Notice. The Company has fixed November 14, 2026, as the cut- off date to record entitlement of the members to cast their votes electronically for the business to be transacted at the EGM of the Company. The remote e-voting period will commence on Wednesday, November 18, 2026 (9.00 AM) IST and will end on Friday, November 20, 2026 (5.00 PM) IST. The Notice of the EGM along with the Explanatory Statement is enclosed herewith. The Notice is being sent through electronic mode to those Members whose e-mail addresses are registered with the Company/Depositories. Members who have not updated their email addresses with the Company are requested to update their email addresses as per the instructions given in the enclosed Notice. You are requested to take the above information on your record. Yours sincerely, For Avalon Technologies Limited Name of the Person: Ajay Shukla Designation: Company Secretary & Compliance Officer Membership Number: A36992 Date: October 28, 2026 Notice of Extra-Ordinary General Meeting Notice is hereby given to the Shareholders of Avalon Technologies Limited (“Company”) that an Extra-Ordinary General Meeting (“EGM”) of the Company will be held on Saturday, November 21, 2026 at 11.00 A.M (IST) through Video Conference (“VC”) / Other Audio-Visual Means (“OAVM”) to transact the following special business: SPECIAL BUSINESS: 1. TO CONSIDER AND APPROVE THE ALTERATION OF THE ARTICLES OF ASSOCIATION OF THE COMPANY To consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Section 14, Section 23, Section 42, Section 62 and other applicable provisions, if any, of the Companies Act, 2013, read with Rule 13 of the Companies (Share Capital and Debentures) Rules, 2014, and the Companies (Prospectus and Allotment of Securities) Rules, 2014 (including any statutory modification(s), amendment(s) or re-enactment(s) thereof for the time being in force) ( “Act”), the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), and all other applicable rules, regulations, guidelines, notifications and circulars issued by the Securities and Exchange Board of India (“SEBI”), the Reserve Bank of India and the stock exchanges on which the equity shares of the Company are listed, being BSE Limited and the National Stock Exchange of India Limited (collectively, “Stock Exchanges”), and subject to such approvals, consents, permissions and sanctions as may be required from any statutory or regulatory authority, the approval of the Members be and is hereby accorded to alter the Articles of Association of the Company (“Articles”) as follows: (a) Amendment to Article 3 The following definition shall be inserted in Article 3 of the Articles, in its appropriate alphabetical position: “Securities” shall mean such securities as are specified in clause (h) of Section 2 of the Securities Contracts (Regulation) Act, 1956, and shall include Equity Shares, preference shares, debentures, warrants and any other instruments or securities convertible into, or exchangeable for, Equity Shares; (b) Amendment to Article 7 Article 7 of the Articles shall be substituted in its entirety with the following: “7. KINDS OF SHARE CAPITAL AND SECURITIES – The Company may issue the following kinds of Securities in accordance with these Articles, the Act and other applicable laws: (a) Equity share capital: with voting rights in accordance with the Act; (b) Preference share capital; and (c) warrants and any other Securities convertible into, or exchangeable for, Equity Shares, whether such conversion or exchange is at the option of the holder thereof, at the option of the Company, or mandatory or contingent, including convertible debentures, foreign currency convertible bonds and any other instruments or securities carrying a right or option to subscribe to, or be allotted, Equity Shares. All Equity Shares shall be of the same class and shall be alike in all respects and the holders thereof shall be entitled to identical rights and privileges including, without limitation, identical rights and privileges with respect to dividends, voting rights, and distribution of assets in the event of voluntary or involuntary liquidation, dissolution or winding up of the Company.” Pg. 1 (c) Amendment to Article 11 (Further Issue of Shares) Sub-clause (1) of Article 11 of the Articles shall be substituted in its entirety with the following: “(1) Where at any time the Board or the Company, as the case may be, proposes to increase the subscribed capital by the issue of further shares, or propose to issue any other Securities, then such shares or other Securities shall be offered, subject to the provisions of Section 23, Section 42 and Section 62 of the Act and the rules and regulations made thereunder: (i) To the persons who at the date of the offer are holders of the Equity Shares of the Company, in proportion as nearly as circumstances admit, to the paid-up share capital on those shares by sending a letter of offer subject to the conditions mentioned in (ii) to (iv) below; (ii) The offer aforesaid shall be made by notice specifying the number of shares or other Securities offered and limiting a time not being less than fifteen days or such lesser number of days as may be prescribed under applicable Indian law and not exceeding thirty days from the date of the offer, within which the offer if not accepted, shall be deemed to have been declined. Provided that the notice shall be dispatched through registered post or speed post or through electronic mode or courier or any other mode having proof of delivery to all the existing shareholders at least three days before the opening of the issue; (iii) The offer aforesaid shall be deemed to include a right exercisable by the person concerned to renounce the shares or other Securities offered to him or any of them in favour of any other person and the notice referred to in sub-clause (ii) shall contain a statement of this right; (iv) After the expiry of time specified in the notice aforesaid or on receipt of earlier intimation from the person to whom such notice is given that the person declines to accept the shares or other Securities offered, the Board of Directors may dispose of them in such manner which is not disadvantageous to the Members and the Company; (B) to employees under any scheme o [Showing first 8,000 characters — download PDF for full document]