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21 announcements with these filters
Avantel dispatched Reg 36(1)(b) letters to shareholders without registered emails, providing a web link to the Postal Ballot notice. The letter facilitates email registration for remote e-voting.
Avatel's board approved absorbing wholly-owned subsidiary Imeds Global Private Limited into the parent company. No cash consideration or new shares are involved in the merger.
Avantel appointed Mr. Nimmagadda Sreenivasa Rao as Executive Director for 36 months, effective 26 October 2026. He previously led the company's R&D as VP-Technical.
Avantel's board approved merging wholly-owned subsidiary Imeds Global into the parent, subject to NCLT sanction. A Technical Director was also appointed for three years.
Avantel Ltd reported revenue from operations of ₹74.4 Cr (+34.3% YoY) and net profit of ₹6.8 Cr (+58.1% YoY) for Q2 FY27.
Avantel's shareholders passed the special resolution to alter the MOA objects clause via postal ballot. The result was approved with 99.98% of votes cast in favour.
Avantel Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026. The filing notes an increase in equity shares due to ESOP exercises.
Avantel Ltd has secured a Rs.12.04 Crore purchase order from Larsen & Toubro for comprehensive annual maintenance of Satcom equipment, with execution by October 2028.
Acuité reaffirmed Avantel's A- long-term and A2+ short-term ratings on Rs.134.50 Cr. bank facilities. The agency also assigned identical ratings to a Rs.124.44 Cr. facility, both Stable.
Avantel's Board is scheduled for October 26, 2026 to consider Q2 and half-year results. The trading window is closed pending the results declaration.
Avantel Limited secured a Rs.6.02 Crore contract from the Ministry of Defence for maintenance of Satcom equipment. The service contract is executable by September 2029.
Avantel received a Rs.177.35 Crore purchase order from Zetwerk for satellite communication equipment. Delivery is scheduled by March 2027 under a prior rate contract.
Avantel Ltd notified exchanges of dispatching web-link letters to non-email-registered shareholders for its Postal Ballot. This is a routine Reg 36(1)(b) compliance communication with no financial or strategic impact.
Avantel Ltd issued a postal ballot notice seeking member approval to alter its MOA objects clause. The e-voting window runs from September 23 to October 22, 2026.
Avantel Limited announced the merger of its wholly-owned subsidiary, Imeds Global Private Limited, into itself. This rationalizes group structure with no share issuance or cash consideration.
Avantel board approved MOA alteration adding medical, space, energy, and AI objects, and a merger of WOS Imeds Global into the parent. No shares will be allotted under the scheme.
Avantel allotted 65,016 equity shares to employees under ESOP 2023 upon option exercise. Paid-up capital rose to Rs.53.16 Crore from Rs.53.14 Crore.
Avantel Limited has scheduled a board meeting on September 18, 2026, to consider the merger of its wholly owned subsidiary, Imeds Global Private Limited.
Employee Rudra Sharath Kumar Reddy sold 8,000 equity shares of Avantel Ltd in the open market. The transaction value amounted to Rs. 12.95 Lakh.
Avantel Limited has secured a Rs. 117.88 Crore contract from DRDO for the development, installation, and commission of a Ground Segment Hub by February 2029.
Avantel Limited announced the voting results of its Postal Ballot. Shareholders approved the re-appointment of two directors and the appointment of one new director.