Avalon Technologies Limited — Board Meeting, 10-04-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting outcome, approving a financial investment in Zepco Technologies Private Limited. Avalon will invest in equity shares and compulsorily convertible preference shares at INR 306.55 per security, totaling an acquisition that will lead to a 4.05% stake in Zepco. Zepco, focused on motors and power solutions for various industries, reported a revenue of INR 4.22 crore for FY 2023-24. This strategic partnership aims to leverage Zepco's technology, enhancing Avalon's capabilities and market opportunities. The acquisition is expected to complete in 3 to 4 weeks.