Avalon Technologies Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2025. Further, the company has informed the Exchange regarding voting results.
AVALON · price
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Awaiting price reaction for this filing.
Avalon Technologies held its 26th Annual General Meeting on September 26, 2025, via video conferencing, and all three resolutions were passed with the required majority. The first resolution, adopting the audited standalone and consolidated financial statements for FY ended March 31, 2025, was approved with 99.9966% votes in favour (5.37 crore shares in favour vs 1,848 against). The second resolution, reappointing Mr. Luquman Veedu Ediyanam as a Non-Executive Director, passed with 72.76% in favour and a notable 27.24% dissent (1.46 crore shares against). The third resolution, appointing Alagar & Associates LLP as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), was approved with 99.9966% in favour. Voting turnout was around 80.6% of total outstanding shares (6.67 crore), and one public institution's votes (1,56,931) were declared invalid for lacking authorisation.
Routine AGM filing with no material action items — all resolutions passed, so shareholders and stock price are unlikely to see a direct impact. However, the unusually high 27% dissent on the director reappointment is worth flagging as it may reflect concerns from a section of institutional investors, though it does not block the resolution.