Avalon Technologies Limited has officially notified stock exchanges regarding the resignation of Mr. Bhaskar Srinivasan from his position as Non-Executive (Non-Independent) Director, effective February 10, 2026. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

The resignation was formally communicated to both BSE Limited and the National Stock Exchange of India Limited on February 10, 2026. The company's filing provides comprehensive details about the directorial change as required under regulatory guidelines.

Reasons for Resignation

According to the resignation letter submitted by Mr. Srinivasan, he has decided to step down to focus on personal priorities and pursue other professional opportunities. In his formal communication to the Board of Directors, he emphasized that there are no material reasons for his resignation beyond those specified.

The departing director expressed his gratitude for the association with Avalon Technologies since its inception, describing his role as co-founder as one of the most rewarding experiences of his professional life.

Company's Response

Avalon Technologies has placed on record its appreciation for the services rendered by Mr. Bhaskar Srinivasan and extended best wishes for his future endeavors. The company secretary and compliance officer, Mr. Ajay Shukla, signed the regulatory filing confirming acceptance of the resignation.

Regulatory Compliance

The resignation disclosure includes all mandatory details as per SEBI regulations, with reference to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last amended on January 30, 2026. The company has requested the stock exchanges to take the information on record and will file requisite forms with the concerned registrar of companies.

Future Outlook

Despite his departure, Mr. Srinivasan expressed strong confidence in Avalon Technologies' long-term prospects and praised the management team's capability to lead the business through its next phase. He acknowledged the support received from the board, management team, employees, shareholders, and all stakeholders throughout his tenure with the organization.

Avalon Technologies Limited has delivered impressive financial results for the third quarter of FY26, showcasing strong growth momentum in its electronics manufacturing services business. The Chennai-based company announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, following board approval on February 4, 2026.

Consolidated Performance Highlights

The company's consolidated operations demonstrated exceptional growth across key financial metrics during Q3FY26:

The strong revenue growth reflects increased demand for the company's electronics manufacturing services. While EBITDA grew significantly in absolute terms, the margin compression to 11.52% from 12.33% indicates some pressure on operational efficiency despite overall robust performance.

Standalone Business Performance

Avalon Technologies' standalone operations also recorded robust performance during the quarter:

The standalone business maintained healthy profit margins, with profit before tax growing faster than revenue, indicating effective cost management and operational leverage.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Avalon Technologies sustained its growth trajectory:

Earnings Call Audio Recording Available

Following the announcement of Q3FY26 results, Avalon Technologies has made the audio recording of its earnings call available to stakeholders. The earnings call was held on February 5, 2026, as previously announced on January 27, 2026.

The company has communicated this development to both BSE Limited and National Stock Exchange of India Limited, pursuant to Regulation 30(6) read with Para A of Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015. Company Secretary and Compliance Officer Ajay Shukla signed the regulatory communication on February 5, 2026.

Business Operations and Outlook

Avalon Technologies operates exclusively in the electronics manufacturing services segment, providing capabilities in printed circuit board assembly, custom cable and wire harnesses. The company's consolidated results include performance from its subsidiaries: Avalon Technology and Services Private Limited, Sienna Ecad Technologies Private Limited in India, and ABV Electronics Inc. in the United States.

During Q3FY26, the company allotted 45,034 equity shares upon exercise of employee stock options, with 4,17,055 options remaining outstanding as of December 31, 2025. The company's paid-up equity share capital stood at ₹133.52 million with a nominal value of ₹2 per share. The financial results demonstrate Avalon Technologies' strong positioning in the growing electronics manufacturing services market.