Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Avalon Technologies Limited

Meeting Details

The 27th Annual General Meeting was held on Monday, September 28, 2026 at 02:30 PM IST through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was conducted in compliance with General Circulars issued by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013 and circulars issued by SEBI.

Meeting Proceedings

Mr. Kunhamed Bicha, Chairman and Managing Director of the Company, presided over the meeting. The Company Secretary, Mr. Ajay Shukla, conducted a roll call before proceedings. Representatives from Statutory Auditors, Secretarial Auditors, and the Scrutinizer were present. The Chairman confirmed requisite quorum was present and called the meeting to order.

The Chairman delivered a speech on the company's performance during Financial Year 2025-26 and thanked shareholders and stakeholders. The Company Secretary confirmed that both the Statutory Auditor's Report and Secretarial Auditor's Report contained no qualifications.

Voting Process and Methods

The voting was conducted through electronic means with two phases:

  • Remote e-voting: Available between September 24, 2026 and September 27, 2026
  • E-voting at meeting: Members present at AGM could cast votes electronically within 30 minutes after meeting conclusion

The Board of Directors appointed Alagar & Associates LLP, Practicing Company Secretaries, as scrutinizer to supervise the e-voting process.

Proposed Resolutions

The following seven resolutions were subject to voting:

Ordinary Business

1. Adoption of Financial Statements (Ordinary Resolution)

2. Re-appointment of Mr. Kunhamed Bicha (DIN: 00819707) as Chairman & Managing Director, liable to retire by rotation (Ordinary Resolution)

Special Business

3. Appointment of Mr. CG Balaji (DIN: 11879293) as an Independent Director (Special Resolution)

4. Re-appointment of Mr. Kunhamed Bicha (DIN: 00819707) as Chairman & Managing Director (Ordinary Resolution)

5. Re-appointment of Mr. Venkataramani Anantharamakrishnan (DIN: 00277816) as Independent Director (Special Resolution)

6. Re-appointment of Mr. Byas Unnikrishnan Nambisan (DIN: 01342141) as Independent Director (Special Resolution)

7. Payment of Commission to the Independent Directors (Ordinary Resolution)

Shareholder Participation

Registered speaker shareholders were invited to share views and queries related to the company during the meeting. Clarifications were provided to all queries raised by shareholders.

Meeting Conclusion

The meeting concluded at approximately 03:05 PM. The voting results along with the Scrutinizer's Report will be intimated to the Stock Exchanges and placed on the company website within the stipulated time limit as per Regulation 44 of SEBI LODR.

Compliance Confirmation

The meeting was conducted in compliance with applicable provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars from MCA and SEBI.