Avalon Technologies Limited submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited regarding board decisions made at its meeting held on September 03, 2026. The meeting commenced at 5:00 PM and concluded at 5:25 PM.

Board Appointments and Reappointments

The Board of Directors approved four significant appointments based on the recommendation of the Nomination and Remuneration Committee:

1. Appointment of Mr. CG Balaji as Additional Director (Independent Category)

  • Mr. CG Balaji (DIN: 11879293) appointed as Additional Director under Independent Category
  • Effective from September 03, 2026
  • Term: 5 consecutive years
  • Subject to shareholder approval at ensuing Annual General Meeting
  • Profile: Senior technology professional with over 25 years experience in technology governance, enterprise digital transformation, AI strategy, compliance, risk management and business applications
  • Previous positions: Databricks, Palo Alto Networks, Hewlett Packard Enterprise, Deloitte Consulting
  • Expertise: Technology transformation, automation, internal controls, governance and enterprise risk management
  • Not related to any existing directors

2. Reappointment of Mr. Kunhamed Bicha as Chairman & Managing Director

  • Mr. Kunhamed Bicha (DIN: 00819707) reappointed as Chairman & Managing Director
  • Effective from July 12, 2027
  • Term: 5 consecutive years (further period)
  • Subject to shareholder approval at ensuing Annual General Meeting
  • Qualifications: Bachelor's Degree in Mechanical Engineering from PSG College of Technology, Master's Degree in Science (Industrial Engineering) from Wichita State University
  • Profile: One of the promoters of the company, co-founded Sienna and serves as its Chief Executive Officer, associated with company since incorporation
  • Award: "CII Connect 2017 Award for Entrepreneur of the year (Manufacturing)" by Confederation of Indian Industry
  • No inter-se relationships between directors as per Companies Act, 2013 and Listing Regulations

3. Reappointment of Mr. Venkataramani Anantharamakrishnan as Independent Director

  • Mr. Venkataramani Anantharamakrishnan (DIN: 00277816) reappointed as Non-Executive Independent Director
  • Effective from July 07, 2027
  • Term: Second term of 5 consecutive years
  • Subject to shareholder approval at ensuing Annual General Meeting
  • Qualifications: Master's Degree in Business Administration from University of Chicago
  • Current positions: Managing Director of IP Rings Limited since 2010, Independent Director on Boards of LMW Limited and Shanthi Gears Limited
  • Other associations: India Pistons, George Oakes, Amalgamations Repco
  • Not related to any existing directors

4. Reappointment of Mr. Byas Unnikrishnan Nambisan as Independent Director

  • Mr. Byas Unnikrishnan Nambisan (DIN: 01342141) reappointed as Non-Executive Independent Director
  • Effective from July 19, 2027
  • Term: Second term of 5 consecutive years
  • Subject to shareholder approval at ensuing Annual General Meeting
  • Qualifications: Mechanical Engineer, MBA in Production and Operations Management from Carnegie-Mellon University
  • Experience: 20 years at Intel Corporation in various roles, co-founder/CFO/CEO at Ezetap (2014-2024)
  • Board experience: Intel, Ezetap, Razorpay (which acquired Ezetap in 2022)
  • Expertise: Technology, finance, business leadership, operations and strategic management
  • Not related to any existing directors