Corporate News
Avalon Technologies is forming a joint venture with Zollner, incorporating a new entity in India with an initial authorized share capital of INR 2,00,000, in which Avalon will initially hold 100% ownership before Zollner acquires a 51% stake. Avalon’s initial investment will be INR 98,000 for 9,800 shares. The company also announced several board appointments and re-appointments, including C.G. Balaji as an Additional Independent Director, effective September 3, 2026, and the re-appointments of Kunhamed Bicha as Chairman & Managing Director, Venkataramani Anantharamakrishnan, Byas Unnikrishnan Nambisan as Independent Directors, all subject to shareholder approval and extending for five years. These moves signal a period of growth and strategic expansion for Avalon Technologies.