AVALON : TO ISSUE WARRANTS WORTH OVER RS 425 CR TO ZOLLNER ELEKTRONIK

• Board approved preferential issue of up to 19,37,808 warrants to Zollner Elektronik AG at ₹2,193.20 each • Aggregate consideration up to ₹425 Cr; each warrant convertible into 1 equity share of face value ₹2 • 25% payable at subscription and balance 75% on exercise; warrant tenure up to 18 months • Post full conversion, Zollner Elektronik AG will hold 2.82% of equity shares • Issue price above floor price of ₹2,193.18 under SEBI ICDR Regulations • Board also approved Articles alteration to permit warrants and EGM on November 21, 2026

Avalon Technologies Ltd

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