Date: September 30, 2026
Regulatory Disclosure Clarification
Avalon Technologies Limited issued a press release to clarify certain media reports circulating on September 30, 2026. The reports pertained to a proposed stake sale in the Company through a block deal mechanism by Mr. Bhaskar Srinivasan and his promoter group, which comprises BBS Family Trust and KBS Family Trust.
Key Clarification Points
- The Company explicitly states that the reference to "KBS Family Trust" in the media reports should not be construed as a reference to Mr. Kunhamed Bicha or his promoter group.
- It is clarified that Mr. Kunhamed Bicha and his promoter group are not selling any shares in connection with this proposed stake sale.
- For clarity, the Company specifies that the KBS Family Trust (Kavya Bhaskar Srinivasan Family Trust) forms part of Mr. Bhaskar Srinivasan's promoter group.
Promoter Group Shareholding Disclosure
The disclosure includes the detailed shareholding of Mr. Bhaskar Srinivasan's promoter group as of September 29, 2026 (the previous day):
| Entity | Number of Shares | Percentage Holding |
| Bhaskar Srinivasan | 62,70,355 | 9.38% |
| BBS Family Trust | 20,20,710 | 3.02% |
| KBS Family Trust | 20,20,710 | 3.02% |
| Dolphin Family Trust | 1,000 | 0.00% |
| TOTAL | 1,03,12,775 | 15.42% |
Company Statement
The Company reiterates its commitment to maintaining transparency and providing accurate information to its shareholders and stakeholders. Investors and other stakeholders are advised to refer to the Company's official regulatory disclosures for information relating to the shareholding of its promoters and promoter group.