Clarification: four directors confirmed not debarred by any SEBI order; September 03, 2026 disclosure enclosed

Avalon Technologies clarified its September 03, 2026 disclosure: the four directors named — CG Balaji, Kunhamed Bicha, Venkataramani Anantharamakrishnan and Byas Unnikrishnan Nambisan.

Thu 8 Oct 2026

Directors covered

CG Balaji, Kunhamed Bicha, Venkataramani Anantharamakrishnan, Byas Unnikrishnan Nambisan

Debarment confirmation

not debarred from holding director office by any SEBI order or other authority

Reference disclosure date

September 03, 2026

What was clarified

Avalon Technologies has issued a clarification referring to its intimation dated September 03, 2026, regarding the appointment and re-appointment of directors. Along with the information disclosed earlier, the company has confirmed that each of the four directors named is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. The earlier disclosure dated September 03, 2026 is enclosed for reference.

The four directors covered

• Mr. CG Balaji (DIN: 11879293) — Additional Non-executive Independent Director
• Mr. Kunhamed Bicha (DIN: 00819707) — Chairman & Managing Director
• Mr. Venkataramani Anantharamakrishnan (DIN: 00277816) — Non-Executive Independent Director
• Mr. Byas Unnikrishnan Nambisan (DIN: 01342141) — Non-Executive Independent Director

What the September 03, 2026 board decisions covered

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the following, each subject to the approval of the shareholders in the ensuing Annual General Meeting:

• Appointment of Mr. CG Balaji as an Additional Director under the Independent category for a period of 5 consecutive years with effect from September 03, 2026.
• Re-appointment of Mr. Kunhamed Bicha as Chairman & Managing Director for a further period of 5 consecutive years with effect from July 12, 2027.
• Re-appointment of Mr. Venkataramani Anantharamakrishnan as an Independent Director for a second term of 5 consecutive years with effect from July 07, 2027.
• Re-appointment of Mr. Byas Unnikrishnan Nambisan as an Independent Director for a second term of 5 consecutive years with effect from July 19, 2027.

The board meeting held on September 03, 2026 commenced at 05.00 P.M. and concluded at 05.25 P.M.

Brief profiles shared in the update

• Mr. CG Balaji is a senior technology professional with over 25 years of experience in enterprise technology governance, digital transformation, AI strategy, compliance, risk management and business applications, and has held leadership positions at Databricks, Palo Alto Networks, Hewlett Packard Enterprise and Deloitte Consulting.
• Mr. Kunhamed Bicha holds a Bachelor's Degree in Mechanical Engineering from PSG College of Technology and a Master's Degree in Science (Industrial Engineering) from Wichita State University. He is one of the promoters of the company, co-founded Sienna and serves as its Chief Executive Officer.
• Mr. Venkataramani Anantharamakrishnan holds a Master's Degree in Business Administration from the University of Chicago and has been serving as Managing Director of IP Rings Limited since 2010.
• Mr. Byas Nambisan is a Mechanical Engineer with an MBA in Production and Operations Management from Carnegie-Mellon University, worked at Intel Corporation for 20 years, and was co-founder, CFO and then CEO at Ezetap between 2014 and 2024.

How to read this

The confirmation adds a specific point to an already-disclosed set of board decisions: that the named directors are not debarred from holding the office of director. The appointments and re-appointments remain subject to shareholder approval at the ensuing Annual General Meeting. The re-appointments of Mr. Bicha, Mr. Anantharamakrishnan and Mr. Nambisan take effect in 2027, while Mr. Balaji's appointment took effect on September 03, 2026.

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