Avalon Technologies Limited has officially announced the resignation of Mr. Bhaskar Srinivasan, a Non-Executive (Non-Independent) Director, effective February 10, 2026. Mr. Srinivasan, who is a co-founder, stated his decision was made to focus on personal priorities and pursue other professional opportunities. The company recorded its appreciation for his services while confirming the resignation was accepted immediately.
Resignation of Key Director Confirmed
Avalon Technologies Limited has formally notified stock exchanges regarding a change in its directorship. Mr. Bhaskar Srinivasan (DIN: 02561215), serving as a Non-Executive (Non-Independent) Director, has tendered his resignation from the Board.
The effective date of the cessation of his directorship is February 10, 2026. The precise time of occurrence was reported as 4:26 a.m. (IST).
Reason for Departure
In the accompanying resignation letter, Mr. Srinivasan, a co-founder of Avalon, confirmed that his decision followed careful reflection. The primary impetus for his departure is the desire to concentrate on personal priorities and explore new professional avenues outside the company.
He explicitly confirmed that there were no material reasons for his resignation other than those specified. The company acknowledged his significant contribution since its inception.
Company Acknowledgment
The Board of Directors accepted the resignation and expressed sincere appreciation for the dedication and services rendered by Mr. Srinivasan over the years. The filing, certified by Company Secretary & Compliance Officer Mr. Ajay Shukla, ensures all regulatory disclosure requirements concerning the change have been met.
Source: BSE
