AVALON TECHNOLOGIES Share price

The Company was incorporated as Avalon Technologies Private Limited a private limited company at Chennai under the Companies Act 1956 on November 3 1999 and was granted the certificate of incorporation by the RoC. Subsequently the name of the Company was changed to Avalon Technologies Limited pursuant to a special resolution passed by the shareholders of the Company on July 6 2022 and a fresh certificate of incorporation dated July 29 2022 was issued by the RoC consequent upon change of name upon conversion into a public limited company under the Companies Act 2013.Major events and milestones of the Company :1999- Incorporation of the Company2000- Allotment of 301 square meter factory space by Development Commissioner Madras Export Processing Zone (“MEPZ”) for setting up of a unit by the Company2001- Export of the first consignment by the Company to Sienna- Allotment of additional 301 square meter factory space by MEPZ for setting up of an additional unit by the Company2002- Allotment of additional 301 square meter factory space by MEPZ for manufacture and export by the Company2003- Commencement of production of metal parts sub-assemblies and plastics and other material for exports at MEPZ-SEZ Chennai by the Company2005- Inauguration of the new facility constructed on the one acre plot allotted to the Company at MEPZSEZ Chennai2008- Incorporation of Avalon Technology and Services Private Limited (“ATSPL”)2009- Purchase of equity shares of Sienna ECAD by Sienna ECAD LLC2013- Commencement of operations at the new electronics manufacturing services facility at Bengaluru2014- Commencement of the new products introduction (“NPI”) / proto-type build division by Sienna ECAD2016- Expansion of the metal and aero division at the newly inaugurated 60000 square feet facility at MEPZ-SEZ Chennai by ATSPL2018- Transfer of the NPI division from Sienna ECAD to enable Sienna ECAD to focus on core design function2019- Subsidiarisation of ATSPL2020- Commencement of operations at the manufacturing facility established at Pillaipakkam for fabrication by the Company2021- Commencement of the use of Class 1000 clean room facility for assembling high resolution cameras by the Company- Subsidiarisation of Sienna ECAD2022- Subsidiarization of Sienna- The Company won the e-auction conducted by the MEPZ for the building admeasuring 11657 square meters located at MEPZ Chengalpattu Chennai.2023- The Company and Sienna ECAD provided PCB design engineering support and prototype PCB fabrication of assembly for India’s 5G test bed project to Indian Institute of Technology Madras and successfully tested such PCBsAwards accreditations and recognitions received by the Company :2015- Environmental Leadership award at the India ABO Suppliers Conference 20152017- Export Excellence award for second place in highest exports in electronic hardware sector from MEPZ- “Prime Supplier” award from one of the Customers2018- Supplier award for ‘Strategic Partnership’ from Faiveley Transport Rail Technologies2019- Awarded ANSI/ESD S20.20 certification by NQA USA for manufacture of printed circuit board assemblies PCBA prototypes and box builds to ATS- “Best Supplier Award” for demonstrated sustained performance by Collins Aerospace2020- Awarded ISO 9001:2015 accreditation by TUV SUD South Asia Private Limited for manufacture assembly and supply of cable and harness assemblies2021- Awarded AS 9100D and ISO 9001:2015 accreditation by TUV SUD America Inc for manufacture assembly and supply of fabricated sheet metal and machined components including powder coating manufacture assembly and supply of cable and harness assemblies and injected cable over molded parts for aviation space and defence applications- Awarded ISO 9001:2015 accreditation by TUV SUD South Asia Private Limited for manufacture of printed circuit board assemblies PCBA prototypes and box build- Awarded IATF 16949 accreditation by TUV SUD Management Service GmBH for manufacture of electronic products covering PCB assemblies cable assemblies wiring harnesses and electromechanical assemblies Platinum winner (shutdown type) at the 9th CII National Poka Yoke competition organised by the Confederation of Indian Industry- Star champion award Poka Yoke competition – Shutdown type organised by the Confederation of Indian Industry- Gold winner in the Innovative Category at the 4th CII National Kai – Zen competition organized by the Confederation of Indian Industry- Awarded AS 9100D and ISO 9001:2015 certification by TUV SUD America Inc for manufacture and supply of powder coated components for aviation space and defense applications to ATS- Awarded AS 9100D and ISO 9001:2015 certification by TUV SUD America Inc for manufacture and supply of injected molded plastic parts and assemblies for aviation space and defense applications to ATS- Awarded AS 9100D and ISO 9001:2015 certification by TUV SUD America Inc for manufacture and supply of fabricated sheet metal and machined components for aviation space and defense applications to ATS- Awarded ISO 9001:2015 certification by TUV SUD South Asia Private Limited for manufacture assembly & supply of transformers magnetic winding assemblies and electro mechanical assemblies to ATS- Awarded ISO 9001:2015 certification by TUV SUD South Asia Private Limited for manufacturing of wiring and electro-mechanical assemblies (including cabinets and sub racks) to ATS Awarded ISO 9001:2015 certification by TUV SUD South Asia Private Limited for manufacturing of printed circuit board assemblies PCB prototypes box builds cable harness and electro mechanical assemblies to ATS2022- The Company was recognized at the Supplier Conference Partnership for Growth by Baker Huges The Excellence in Quality Award awarded for outstanding performance to the Company at Crane Co. Indian Supplier Meet- Awarded “Indo-U.S. Business Excellence Award” to the Company for exports to USA (MSME category) by the Indo American Chamber of Commerce