Avalon Technologies has announced the outcome of its Board Meeting held on November 12, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Key decisions also include approving corporate guarantees for credit facilities totaling ₹105.50 crore for two wholly-owned subsidiaries, Avalon Technology and Services Private Limited and ABV Electronics Inc. Additionally, the company approved an investment of ₹11 crore in Revos Auto Tech Pte. Ltd., Singapore, focusing on EV charging infrastructure.
Financial Results Approved
Avalon Technologies Limited’s Board of Directors convened on November 12, 2026, to review and approve the company’s financial performance. The Board gave its nod to the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. These results, along with the Limited Review Report from the statutory auditors, have been released.
Key Approvals for Subsidiaries and Investments
The meeting also saw the approval of significant financial undertakings for the company’s subsidiaries. A corporate guarantee of up to ₹55 crore was approved for credit facilities to be availed by Avalon Technology and Services Private Limited. Furthermore, a corporate guarantee amounting to ₹50.50 crore was sanctioned for credit facilities for ABV Electronics Inc. Both subsidiaries are wholly owned.
In a strategic move to expand its footprint in the Electric Vehicle (EV) ecosystem, Avalon Technologies approved an investment of ₹11 crore in Revos Auto Tech Pte. Ltd., Singapore. This investment, to be made via convertible notes, aims to support Avalon’s growth and explore collaborations in the EV charging infrastructure sector.
Promoter Reclassification
The Board also approved a request for the reclassification of Mr. Bhaskar Srinivasan and the promoter group from the ‘Promoter/Promoter Group’ category to the ‘Public’ category. This reclassification is subject to necessary regulatory approvals as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
