Avalon Technologies has informed that the Board of Directors, at its meeting held today, October 24, 2024, has considered and approved the appointment of Anees Ahamed (DIN: 00225648) as an Additional Director designated under Independent Category. Based on the recommendation of the Nomination and Remuneration Committee, Anees Ahamed (DIN: 00225648) has been appointed as an Additional Director designated under Independent Category of the Company with effect from October 24, 2024. The term of his appointment as an Independent Director will be for a period of 5 consecutive years and the appointment shall be subject to the approval of shareholders by way of special resolution. Anees Ahamed (DIN: 00225648) is not related to any Director of the Company. He satisfies the criteria of independence prescribed under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, in accordance with the SEBI Instructions, NSE Circular No. NSE/CML/2018/02 and BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, it has confirmed that Anees Ahamed (DIN: 00225648) is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority. Details to be provided as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is provided as Annexure. The meeting commenced at 8.35 am and concluded at 9.15 am.
The above information is a part of company’s filings submitted to BSE.
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