Updates

Avalon Technologies' promoter Bhaskar Srinivasan, along with BBS and KBS Family Trusts, sold 37.96 lakh shares via a block deal, reducing their combined stake from 21.22% to 15.51%. Post-sale, Srinivasan holds 9.43% directly, while each trust holds 3.04%. The total equity share capital remains unchanged at INR 13.3 Cr face value.

This stake reduction signals partial promoter divestment but retains significant promoter holding.