Avalon Technologies has executed a lease deed for 25.08 acres of land at SIPCOT Industrial Park, Oragadam, to construct a new industrial unit.

The agreement was signed on October 8, 2026, between the company and the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT).

Lease details and location

The land is situated at Plot No. A-53 and A-54 within the SIPCOT Industrial Park in Kancheepuram District, Tamil Nadu. The key parameters of the agreement are outlined below:

This acquisition places Avalon Technologies in one of Tamil Nadu’s prominent manufacturing hubs. The 25.08-acre plot is earmarked specifically for industrial development, marking a significant expansion in the company's physical infrastructure footprint.

Regulatory and transactional disclosures

The company disclosed the agreement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that the transaction does not fall under related party transactions, as SIPCOT is not related to the promoter group or group companies.

Key regulatory points from the disclosure include:

• No special rights: The lease confers no special rights such as director appointments or share subscription privileges beyond customary obligations.
• No shareholding: Avalon Technologies holds no shareholding in the counterparty entity.
• Arm's length basis: As a non-related party transaction, the terms are considered arm's length.

The disclosure was signed by Ajay Shukla, Company Secretary and Compliance Officer, on October 8, 2026.

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.