Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Avalon Technologies has informed that on Tuesday, March 19, 2024, the Nomination and Remuneration Committee, through Circular Resolution, allotted 61,123 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’. In terms of the aforesaid allotment of equity shares, the paid-up capital of the Company stands increased from ? 13,13,03,138 comprising of 6,56,51,569 equity shares to ? 13,14,25,384 comprising of 6,57,12,692 equity shares of Rs 2 each.
The above information is a part of company’s filings submitted to BSE.
