Avalon Technologies has informed that on Saturday, December 16, 2023, the Nomination and Remuneration Committee, through Circular Resolution, allotted 138358 equity shares to the employees’ consequent upon exercise of their ESOPs, at an exercise price of Rs 20 as determined under the ‘AVALON- Employee Stock Option Plan 2022’ by the eligible employees. In terms of the aforesaid allotment of equity shares, the paid-up capital of the Company stands increased from Rs 13,09,95,072 comprising of 6,54,97,536 equity shares to Rs 13,12,71,788 comprising of 6,56,35,894 equity shares of Rs 2 each.
The above information is a part of company’s filings submitted to BSE.
