Avalon Technologies has secured board approval for a joint venture with Germany-based Zollner Elektronik AG to establish a manufacturing platform in India. The new entity, to be named Zollner Avalon Private Limited, will initially see Zollner holding a 51% stake while Avalon retains 49%.

Partnership details

The collaboration was approved by the Board of Directors at its meeting held on September 3, 2026. The joint venture aims to create a long-term India-based manufacturing and services platform dedicated to printed circuit board assembly (PCBA), box-build, and system integration.

The venture will also cover testing, validation, industrialization support, sourcing, supply-chain coordination, logistics, and related after-sales services. Manufacturing operations are intended to be restricted to India, supporting domestic business, exports from India, and selected multi-region or global customer programs.

Governance and future options

Initially, the company will be incorporated as a wholly owned subsidiary of Avalon Technologies. Following incorporation, Zollner will subscribe to equity shares representing 51% of the issued and paid-up share capital.

Under the terms of the Joint Venture Agreement, Avalon may elect to acquire an incremental 2% stake in the company after the third anniversary of the date on which the company commences commercial production at its manufacturing facilities. This call option would allow Avalon to own 51% of the company, subject to the price determination methodology set forth in the agreement.

Board representation is structured such that the 51% shareholder has the right to appoint three directors, while the 49% shareholder can appoint two directors. Standard pre-emptive rights for new share issuances and right of first refusal for share transfers are also included in the agreement.

Avalon Technologies has released the audio recording of its earnings call for the quarter ended June 30, 2026. The disclosure was made on August 05, 2026, following the announcement of the event date on July 28, 2026. The audio file is hosted on the company's investor relations page, providing transparency for stakeholders seeking detailed commentary from management regarding Q1FY27 performance.

Regulatory Disclosure

The release of the earnings call transcript and audio is mandated under Regulation 30(6) read with (15b) of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. This regulation ensures that listed entities provide equal access to material information through recorded communications.

Access Details

Stakeholders can access the recording via the direct link provided in the exchange filing. The document was signed by Ajay Shukla, Company Secretary & Compliance Officer, on August 05, 2026.

What the Numbers Show

While this filing serves primarily as a procedural disclosure for the availability of the earnings call, it confirms the company's adherence to market transparency norms. Investors are advised to listen to the full recording for specific financial metrics, operational updates, and forward-looking guidance provided by the management team during the session.