Avalon Technologies Ltd

Avalon Technologies Limited announced that its board of directors approved the appointment of Mr. CG Balaji as an Additional Director (Independent Category) for a five-year term, subject to shareholder approval. The board also re-appointed Mr. Kunhamed Bicha as Chairman & Managing Director for a further five-year period, effective July 12, 2027, and re-appointed Mr. Venkataramani Anantharamakrishnan and Mr. Byas Unnikrishnan Nambisan as Independent Directors for a second five-year term, effective July 7, 2027, and July 19, 2027, respectively, both also subject to shareholder approval.

Avalon Technologies is forming a joint venture with Zollner, incorporating a new entity in India with an initial authorized share capital of INR 2,00,000, in which Avalon will initially hold 100% ownership before Zollner acquires a 51% stake. Avalon’s initial investment will be INR 98,000 for 9,800 shares. The company also announced several board appointments and re-appointments, including C.G. Balaji as an Additional Independent Director, effective September 3, 2026, and the re-appointments of Kunhamed Bicha as Chairman & Managing Director, Venkataramani Anantharamakrishnan, Byas Unnikrishnan Nambisan as Independent Directors, all subject to shareholder approval and extending for five years. These moves signal a period of growth and strategic expansion for Avalon Technologies.

Avalon Technologies Limited has entered into a joint venture agreement with Zollner Elektronik AG to establish a manufacturing and services platform in India, called Zollner Avalon Private Limited, with Zollner holding a 51% stake and Avalon 49%. Avalon may have the option to acquire an additional 2% stake, bringing its ownership to 51%, and the joint venture will focus on printed circuit board assembly, box-build, system integration, and related services, initially incorporated as a wholly owned subsidiary of Avalon.

Avalon Technologies Limited announced on Saturday, August 29, 2026, that its Nomination and Remuneration Committee allotted 70,545 equity shares to employees following the exercise of Employee Stock Options under the “AVALON - Employee Stock Option Plan 2022,” at an exercise price of INR 20/- and INR 700/-. The company’s paid-up capital increased from INR 13,36,23,510 comprising of 6,68,11,755 equity shares to INR 13,37,64,600 comprising of 6,68,82,300 equity shares.

Avalon Technologies Ltd announced that India Ratings and Research (Ind-Ra) has affirmed and withdrawn ratings on the company’s bank loan facilities at the request of the Company. Specifically, Ind-Ra affirmed and subsequently withdrew the rating on the bank loan facilities amounting to INR 1,415 million, previously rated ‘IND A-’/Positive/‘IND A1’ before withdrawal. The press release detailing this action, dated August 19, 2026, can be found on the India Ratings and Research website, and no other rating agencies are mentioned in connection with this announcement.

Avalon Technologies Limited, a leading Electronics Manufacturing Services (EMS) company, announced its financial results for the first quarter ending June 30, 2026, reporting revenue from operations of Rs 484.4 crore, a 49.8% year-over-year increase and a 0.9% sequential increase. The company’s profit after tax for the quarter was Rs 34.9 crore, up 145.3% year-over-year, with an EBITDA margin of 12.0%, while its order book increased by 23.4% year-over-year. Avalon Technologies is listed on the BSE with script code 543896 and on the NSE with symbol AVALON.

Avalon Technologies will hold a meeting of the Board of Directors of the Company on 4 August 2026.

Profit before tax (PBT) climbed 72.74% YoY to Rs 56.26 crore in Q4 FY26. During the quarter, EBITDA stood at Rs 56.9 crore, up 37.5% compared with Rs 41.4 crore in Q4 FY25. EBITDA margin reduced to 11.8% in Q4 FY26 as against 12.1% in Q4 FY25. The order book stood at Rs 2,196 crore as on 31st March 2026. Net working capital days improved to 112 days as of 31 March 2026 from 124 days as of 31 March 2025. On full year basis, the company's consolidated net profit surged 78.05% to Rs 112.94 crore in FY25 compared with Rs 63.43 crore in FY25. Revenue from operation stood at Rs 1,603.20 crore in FY26, up 45.99% from Rs 1,098.12 crore posted in the previous fiscal. During the year, the India business grew 29% YoY, while the US business expanded 59% YoY. Net cash generated by operating activities surged 128.26% to Rs 57.18 crore in FY26 compared with Rs 25.05 crore in FY25. Avalon Technologies operates as a fully integrated electronic manufacturing services (EMS) provider in India, delivering end-to-end box build solutions with expertise in high-value precision-engineered products. The company provides a full stack product and solution suite, right from printed circuit board design and assembly to end-to-end box build of electronic systems.Powered by Capital Market - Live

Net profit of Avalon Technologies rose 69.48% to Rs 41.15 crore in the quarter ended March 2026 as against Rs 24.28 crore during the previous quarter ended March 2025. Sales rose 40.00% to Rs 479.89 crore in the quarter ended March 2026 as against Rs 342.79 crore during the previous quarter ended March 2025. For the full year,net profit rose 78.04% to Rs 112.95 crore in the year ended March 2026 as against Rs 63.44 crore during the previous year ended March 2025. Sales rose 45.99% to Rs 1603.21 crore in the year ended March 2026 as against Rs 1098.13 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales479.89342.79 40 1603.211098.13 46 OPM %11.8512.06 -10.8110.46 - PBDT64.5840.30 60 187.25115.28 62 PBT56.2632.57 73 153.6586.71 77 NP41.1524.28 69 112.9563.44 78 Powered by Capital Market - Live

While EBITDA improved by 37.5% YoY to Rs 57 crore, EBITDA margin declined by 21 basis points YoY to 11.8% in the March 2026 quarter. Profit before tax in Q4 FY26 stood at Rs 56 crore, up by 72.7% from Rs 33 crore in Q4 FY25. For FY26, the company has recorded consolidated net profit and revenue from operations of Rs 113 crore (up 78% YoY) and Rs 1,603 crore (up 46% YoY), respectively. Avalon Technologies is one of India's leading fully integrated electronic manufacturing services (EMS) companies with end-to-end operations in delivering box build solutions in India, with a focus on high value precision engineered products. Powered by Capital Market - Live