Avalon Technologies Limited — Share Issue/Capital Change 2024

Mar 19, 2024

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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: - 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 Tuesday, March 19, 2024, the Nomination and Remuneration Committee, through Circular Resolution, allotted 61,123 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 ₹ 13,13,03,138 comprising of 6,56,51,569 equity shares to ₹ 13,14,25,384 comprising of 6,57,12,692 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: 2024.03.19 09:50:38 +05'30'

Name of the Person : Dr. V. Rajesh Designation : Company Secretary Membership Number: F9213 Date : March 19, 2024

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