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Avantel appointed Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as Independent Directors. M/s. Grandhy & Co. were re-appointed as Statutory Auditors.
Avantel held its 36th AGM and approved a final dividend of Rs.0.20 per share. The meeting also re‑appointed directors and increased borrowing limits.
Avantel Limited secured a ₹9.94 Crore contract from DRDO for satellite terminal development. The project is scheduled for completion by December 2028.
Avantel Limited submitted its Business Responsibility and Sustainability Report for FY 2025-26. The filing confirms compliance with SEBI's environmental, social, and governance reporting requirements.
Avantel Limited will hold its 36th AGM on June 24, 2026, via video conferencing. Key agenda items include dividend declaration and director appointments.
Avantel Limited has released its Annual Report for the 2025-26 financial year. The company's 36th Annual General Meeting is scheduled for June 24, 2026.
Avantel Limited secured a ₹28.20 Crore contract from the Indian Coast Guard for Satcom products. The project includes maintenance and spans until August 2027.
Avantel Ltd secured a Rs.1.92 Crore purchase order amendment from Bharat Electronics Limited. This adds to the existing contract, with execution scheduled by September 2026.
Avantel Limited received a purchase order amendment from Bharat Electronics Limited for the supply of Power Amplifiers. The amendment adds ₹3.01 Crore to the existing ₹8.03 Crore order, totaling ₹11.04 Crore. The project is scheduled for execution by July 2026, strengthening the company's manufacturing pipeline.
Avantel Limited's Chairman, Dr. Abburi Vidyasagar, donated 60,00,000 equity shares to the Lakshmee Foundation on May 4, 2026. This philanthropic contribution will support healthcare initiatives, including the operations of Lakshmee Foundation Hospital in Vijayawada. The donation aligns with the foundation's mission to improve healthcare access for underserved communities.
Avantel Limited submitted revised financial results and XBRL filings for the year ended March 31, 2026, to address SEBI format observations and technical discrepancies. The revisions include the addition of a missing balancing figure note. The company confirmed these technical adjustments have no impact on reported financial performance.
Avantel Ltd disclosed that it does not meet the Large Corporate criteria for FY 2025-26. The company reported outstanding long-term borrowings of ₹12 Crore as of March 31, 2026, and holds an 'A-' credit rating from Acuité Ratings and CARE Ratings.
Avantel Limited submitted its Annual Secretarial Compliance Report for FY 2025-26. The report notes minor non-compliances regarding delays in Corporate Governance reporting and board meeting intimations, resulting in aggregate penalties of ₹21,000. The company has since paid the fines and implemented internal controls to prevent future occurrences.
Avantel Limited has fixed June 12, 2026, as the record date for determining shareholder eligibility for a final dividend of Re. 0.20 per equity share. The dividend for FY 2025-26 is subject to shareholder approval at the upcoming Annual General Meeting.
Avantel Ltd has recommended a final dividend of Re. 0.20 per equity share (10%) for FY 2025-26. The record date for determining shareholder eligibility is June 12, 2026, subject to approval at the upcoming AGM.
Avantel Limited submitted its Monitoring Agency Report for the quarter ended March 31, 2026, regarding its ₹80.91 Crore Rights Issue. Issued by CARE Ratings Limited, the report confirms that proceeds were utilized for stated objects, though it noted minor timing deviations in expenditure for capital projects.
Avantel Limited's board approved the appointment of Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as Independent Directors for five-year terms. The company also appointed M/s. Grandhy & Co. as Statutory Auditors for five years, alongside new Internal and Cost Auditors, strengthening its corporate governance and advisory framework.
Avantel Limited's board has recommended a final dividend of Re. 0.20 per equity share (10% of face value) for FY 2025-26. The record date is set for June 12, 2026, with payment expected by July 20, 2026, subject to shareholder approval at the upcoming AGM on June 24, 2026.
Avantel Ltd appointed Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Muktevi as Independent Directors for five-year terms. The board also reconstituted its Audit, NRC, SRC, and CSR committees. Additionally, M/s. Grandhy & Co. was appointed as Statutory Auditor, alongside new Cost and Internal Auditors for the upcoming financial year.
Avantel Ltd reported its audited FY26 financial results and recommended a final dividend of ₹0.20 per equity share. The Board also approved increasing borrowing limits to ₹350 Crore and appointed new independent directors. Consolidated annual revenue stood at ₹222.87 Crore with a net profit of ₹14.99 Crore.
Avantel Ltd reported its audited FY26 financial results and recommended a final dividend of ₹0.20 per equity share. The Board also approved increasing borrowing limits to ₹350 Crore and appointed new independent directors. Consolidated annual revenue stood at ₹222.87 Crore with a net profit of ₹14.99 Crore.
Avantel Ltd reported net profit of ₹2.7 Cr (-86.6% YoY) for Q3 FY26.
Avantel Limited received updated credit ratings from CARE Ratings Limited for bank facilities totaling ₹249.50 Crore. Ratings for long-term and short-term facilities were reaffirmed at CARE A-; Stable and CARE A2+, while new facilities were assigned CARE A-; Stable. These ratings reflect the company's stable credit profile and financial standing.
Avantel Limited has scheduled a Board Meeting on April 26, 2026, to consider and approve audited standalone and consolidated financial results for FY2026. The board will also propose a final dividend and fix the date for the 36th AGM. The trading window remains closed from April 1 until 48 hours after the results are public.
Dr. Abburi Vidyasagar, promoter of Avantel Limited, has declared that no direct or indirect encumbrances were created on the promoter group's equity shares as of March 31, 2026. This annual disclosure complies with SEBI Takeover Regulations and confirms the absence of share pledging.
Avantel Ltd has secured a domestic purchase order worth ₹11.59 Crore (excluding taxes) from NewSpace India Limited. The contract involves the supply, installation, and commissioning of devices for Xponders. The project is scheduled for execution by October 2026, providing clear revenue visibility for the company.