Avalon Technologies Ltd (AVALON) — Board Meeting | 3 September 2026 (4 announcements)

Avalon Technologies approved a joint venture with Zollner Elektronik AG to create a 51-49% India-based PCBA manufacturing platform via a new subsidiary, appointed CG Balaji as an independent director, and re-appointed Kunhamed Bicha as Chairman & Managing Director for five years starting July 12, 2027, while also reappointing two independent directors effective July 2027, with shareholding and regulatory approvals pending.

Avalon Technologies approved a joint venture with Zollner Elektronik AG to create a 51-49% Indian PCB manufacturing subsidiary, with Zollner initially holding 51% and Avalon 49%, and Avalon retaining the option to acquire an additional 2% stake within two years post-commercial production.

Avalon Technologies announced a joint venture with Zollner Elektronik AG to establish a PCBA, box-build, and system integration manufacturing platform in India, leveraging Zollner's global EMS expertise and Avalon's local supply chain to target healthcare, rail, and industrial sectors, with Zollner initially holding 51% and Avalon 49% ownership.

Avalon Technologies announced board changes effective September 3, 2026, appointing CG Balaji as an independent additional director and reappointing Kunhamed Bicha as Chairman & Managing Director for five years starting July 12, 2027, while also reappointing Venkataramani Anantharamakrishnan and Byas Nambisan as independent directors for second terms beginning in July 2027, all pending shareholder approval at the upcoming AGM.