Avalon Technologies Limited promoter Bhaskar Srinivasan, along with BBS Family Trust and KBS Family Trust, sold a combined 6.00% equity stake in the company on September 30, 2026. The transaction was executed through the block deal mechanism on stock exchanges.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Each of the three entities sold 13,36,235 shares, representing 2.00% of the total share capital individually. Mr. Srinivasan serves as the trustee for both family trusts, which are part of the promoter group. The filing was signed by Company Secretary Ajay Shukla and submitted from Texas, USA, on October 1, 2026.

Stake reduction details

Prior to the sale, the promoter and associated trusts held a combined 15.42% stake in Avalon Technologies. Following the disposal of 40,08,705 shares, the aggregate holding has declined to 9.42%.

The company's equity share capital remained unchanged at ₹13,37,64,600, consisting of 6,68,82,300 equity shares with a face value of ₹2 per share. There were no encumbrances or convertible securities involved in the transaction.

What the numbers show

The simultaneous sale of exactly 2% by each entity suggests a coordinated offloading strategy rather than independent market activity. While the individual sales were modest at 2% each, the aggregate impact reduced the promoter group's control significantly, dropping below the 10% threshold to 9.42%. This level of reduction may signal a shift in the promoter group's long-term investment stance or liquidity needs, although no specific reason was cited in the filing.

Avalon Technologies shares worth ₹883.05 crore were flagged by a real-time trade-scanning system after approximately 40,49,122 shares changed hands on BSE at a price of ₹2,180.85 per share.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Large-trade signal details

The following table summarises the parameters of the flagged activity:

The signal reflects a cluster of trades in Avalon Technologies shares printed within a short window at or near the quoted price, for a combined value as stated above. The activity was flagged for size and speed by the scanning system and has not been confirmed by the exchange as an officially reported event.

No buyer, seller, broker, or client identity is known at this stage. Such information, if applicable, would only be disclosed by the exchange after market close through its own reporting mechanism.

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.