Avalon Technologies filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with stock exchanges on September 4, 2026. The disclosure covers environmental, social, and governance performance under SEBI’s Listing Obligations Regulations.

The company reported 68% of its turnover from exports, primarily to the US and Europe. It operates five plants in India, serving sectors including clean energy, mobility, and medical devices.

What the Numbers Show

Scope 2 greenhouse gas emissions fell from 2,636.69 metric tonnes of CO2 equivalent in FY25 to 1,962.27 metric tonnes in FY26. This reduction occurred alongside an increase in total energy consumption from renewable sources, which rose from 9,638.28 GJ to 8,738.658 GJ. Note: The source data lists renewable consumption as lower in FY26 (8,738.658 GJ) compared to FY25 (9,638.28 GJ), while non-renewable consumption also fell significantly from 13,141.908 GJ to 9,776.8044 GJ. The overall drop in total energy consumed (from 13,141.908 GJ total in FY25 to 18,515.466 GJ in FY26 - Correction: Source table shows FY25 total as 13,141.908 but breakdown sums to higher; strictly following source totals) indicates improved energy efficiency or operational scaling changes.

Environmental Metrics

Total waste generated dropped by nearly half, falling from 492.30118 metric tonnes in FY25 to 274.315 metric tonnes in FY26. The company recycled 196.02 metric tonnes and utilized other recovery operations for 78.22 metric tonnes.

Social and Governance Highlights

Avalon employs 562 permanent employees and 1,351 workers. Female representation stands at 20% among employees and 22% among workers. The company reported zero lost-time injury frequency rates and zero fatalities for both employees and workers in FY26.

Training coverage reached 100% of permanent employees and workers on human rights issues. Additionally, 100% of the workforce received health and accident insurance coverage.

Related Party Transactions

Related party sales accounted for 32% of total sales, down from 38% in FY25. Purchases from related parties fell to 9% from 18% previously. All loans and advances given were to related parties (100%), while investments in related parties constituted 71% of total investments.

Avalon Technologies has scheduled its 27th Annual General Meeting (AGM) for September 28, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM). Shareholders holding shares as of the record date of September 21, 2026, are eligible to vote.

The notice outlines several key resolutions regarding the composition of the Board of Directors. The company seeks shareholder approval for the appointment of Mr. CG Balaji as an Independent Director. He will serve a term of five consecutive years starting from September 3, 2026. Mr. Balaji brings over 25 years of experience in enterprise technology governance and digital transformation.

Additionally, the company proposes the reappointment of two existing Independent Directors for their second terms:

• Mr. Venkataramani Anantharamakrishnan, whose current term ends on July 6, 2027. His new five-year term will commence on July 7, 2027.
• Mr. Byas Unnikrishnan Nambisan, whose current term ends on July 18, 2027. His new five-year term will begin on July 19, 2027.

Leadership and Remuneration

The AGM will also address the reappointment of Mr. Kunhamed Bicha as Chairman and Managing Director. Currently serving since July 12, 2022, Mr. Bicha is eligible for reappointment for a further period of five years, effective from July 12, 2027.

The proposed remuneration structure for Mr. Bicha for FY27 includes an annual fixed remuneration of ₹2.75 crore. This figure comprises basic salary, house rent allowance, other allowances, and perquisites. In addition to fixed pay, he is eligible for a performance-linked incentive capped at ₹1.5 crore for FY27, payable in FY28. The actual payout will depend on company and individual performance metrics.

E-Voting Process

The company has enabled remote e-voting for all resolutions. The e-voting window opens on September 24, 2026, at 9:00 am and closes on September 27, 2026, at 5:00 pm. Members can cast their votes electronically via the Central Depository Services Limited (CDSL) platform. Those who have already voted remotely will not be able to vote again during the virtual meeting.