Avalon Technologies Clarifies Promoter Stake Sale; Bhaskar Srinivasan Group Holds 15.42%

Mumbai: Avalon Technologies has clarified a recent media report about a proposed stake sale by Bhaskar Srinivasan’s promoter group, stating that the group holds a 15.42% stake in the company as of September 29, 2026. Bhaskar Srinivasan and his promoter group, which includes the BBS Family Trust and KBS Family Trust, collectively own 1,03,12,775 shares, equating to 15.42% of Avalon Technologies’ total shares.

Bhaskar Srinivasan personally holds 62,70,355 shares (9.38%), while the BBS Family Trust and KBS Family Trust each own 20,20,710 shares (3.02%).

The company emphasized that the reference to “KBS Family Trust” specifically refers to the Kavya Bhaskar Srinivasan Family Trust and is part of Bhaskar Srinivasan’s promoter group. Kunhamed Bicha, or his promoter group, are not involved in any share sales related to this proposed stake sale, the company confirmed. Avalon Technologies expressed its commitment to transparency and accuracy in sharing information with shareholders and stakeholders.

The company advised investors to refer to its official regulatory disclosures for accurate shareholding information. This story is based on company exchange filings and is intended for informational purposes only. Investors are cautioned to carefully consider the risks before making any investment decisions.