Pursuant to Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Avalon Technologies has informed that the Nomination and Remuneration Committee, at its meeting held on Thursday, October 24, 2024 allotted 24,745 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 ?13,20,91,710 comprising of 6,60,45,855 equity shares to ? 13,21,41,200 comprising of 6,60,70,600 equity shares of Rs. 2/- each.
The above information is a part of company’s filings submitted to BSE.
