Avalon Technologies Limited — Share Issue/Capital Change 2024

Jul 15, 2024

==> picture [595 x 108] intentionally omitted <==

To:	To:
BSE LimitedCorporate Relationship DepartmentPJ towers,Dalal Street,Mumbai -400001BSE SCRIP CODE: 543896	The ManagerListing DepartmentThe National Stock Exchange of India Limited“Exchange Plaza”, Bandra – Kurla Complex,Bandra (EAST), Mumbai – 400051NSE SYMBOL: AVALON

Dear Sir/Madam,

Sub: - Allotment of Equity Shares pursuant to exercise of Employee Stock Options.

Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to the above-mentioned SEBI Regulations, we would like to inform you that on Monday, July 15, 2024, the Nomination and Remuneration Committee, through Circular Resolution, allotted 79,424 equity shares to the employees, consequent upon exercise of their ESOPs, at an exercise price of Rs. 20/- as determined under the “ AVALON - Employee Stock Option Plan 2022 ”.

In terms of the aforesaid allotment of equity shares, the paid-up capital of the Company stands increased from ₹ 13,15,27,358 comprising of 65763679 equity shares to ₹ 13,16,86,206 comprising of 65843103 equity shares of Rs. 2/- each.

You are requested to take the above information on your record.

Yours sincerely, For Avalon Technologies Limited

RAJESH V

Digitally signed by RAJESH V Date: 2024.07.15 09:31:13 +05'30'

Name of the Person : Dr. V. Rajesh Designation : Company Secretary Membership Number: F9213 Date : July 15, 2024

==> picture [350 x 82] intentionally omitted <==