AVALON TECHNOLOGIES LIMITED : CLARIFICATION ON MEDIA REPORTS REGARDING PROPOSED STAKE SALE BY MR. BHASKAR SRINIVASAN'S PROMOTER GROUP

• Avalon Technologies has noted media reports regarding a proposed stake sale by Mr. Bhaskar Srinivasan and his promoter group, comprising BBS Family Trust and KBS Family Trust. • The company clarifies that "KBS Family Trust" should not be construed as a reference to Mr. Kunhamed Bicha or his promoter group. • Mr. Kunhamed Bicha and his promoter group are not selling any shares in connection with this proposed stake sale. • KBS Family Trust (Kavya Bhaskar Srinivasan Family Trust) forms part of Mr. Bhaskar Srinivasan's promoter group. • As of September 29, 2026, the promoter group's shareholding is 15.42% in Avalon. • Shareholder breakdown provided: Bhaskar Srinivasan (9.38%), BBS Family Trust (3.02%), KBS Family Trust (3.02%), Dolphin Family Trust (0.00%). Impact: Neutral (Clarification on media reports, no material new information or value disclosed.)

Avalon Technologies Ltd

Open attachment

← Back to feed