Promoter and Family Trusts Sell 6.00% Stake via Block Deal; Holding Down to 9.42%
Promoter Bhaskar Srinivasan and the BBS & KBS Family Trusts sold 40,08,705 shares (6.00%) on September 30, 2026 via the block deal mechanism.
- Shares Sold
- 40,08,705 shares (6.00%)
- Previous Combined Holding
- 1,03,11,775 shares (15.42%)
- New Combined Holding
- 63,03,070 shares (9.42%)
- Transaction Date
- September 30, 2026
- Transaction Mechanism
- Block Deal Mechanism in Stock Exchange
What happened
Avalon Technologies received a disclosure under Regulation 29(2) of the SEBI SAST Regulations from Mr. Bhaskar Srinivasan, a Promoter, shared for himself and as trustee of BBS Family Trust and KBS Family Trust (both part of the Promoter Group), regarding a sale of equity shares.
The numbers
- Before the sale: Bhaskar Srinivasan 62,70,355 shares (9.38%), BBS Family Trust 20,20,710 shares (3.02%), KBS Family Trust 20,20,710 shares (3.02%); total 1,03,11,775 shares (15.42%).
- Sold: 13,36,235 shares (2.00%) by each of the three, totalling 40,08,705 shares (6.00%).
- After the sale: Bhaskar Srinivasan 49,34,120 shares (7.38%), BBS Family Trust 6,84,475 shares (1.02%), KBS Family Trust 6,84,475 shares (1.02%); total 63,03,070 shares (9.42%).
How and when
The sale was made through the Block Deal Mechanism in Stock Exchange on September 30, 2026. Equity share capital before and after remains INR 13,37,64,600 consisting of 6,68,82,300 equity shares of face value INR 2 each.
Context for investors
This is a disclosure of a change in promoter group shareholding, not a company-level transaction, so the company's share capital and operations are unchanged. No encumbrances were reported before or after the sale. A reduction in promoter group holding from 15.42% to 9.42% is information some investors watch closely when judging promoter commitment.
Also from Avalon Technologies
Avalon Technologies Ltd promoter sells 6.00% stake
1 Oct 2026
Avalon Tech under pressure on the back of a potential deal
30 Sep 2026
A block deal in Avalon shares reportedly at a discount of about 6.6% to the price band, which could pressure the stock
30 Sep 2026
More numbers
- Bhaskar Srinivasan shares before62,70,355
- Bhaskar Srinivasan % before9.38%
- Each trust shares before20,20,710
- Each trust % before3.02%
- Total holding before1,03,11,775
- Total % before15.42%
- Shares sold by each13,36,235
- Total shares sold40,08,705
- Total % sold6.00%
- Total holding after63,03,070
- Total % after9.42%
- Equity share capitalINR 13,37,64,600
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