Avalon Technologies Limited — Board Meeting, 05-02-2025: Outcome of Board Meeting

The Board has approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2024. Key highlights include a revenue from operations of ₹1,514 million and a profit before tax of ₹221 million for standalone results. Additionally, Mr. Ajay Shukla has been appointed as the Company Secretary and Compliance Officer. A corporate guarantee has been issued for ₹49.5 crore to secure a credit facility for the wholly-owned subsidiary, ABV Electronics Inc. Furthermore, 3,786 equity shares were allotted to employees upon the exercise of their ESOPs.