Avantel Ltd

Avantel Limited: Trading Window closed from October 1, 2026 until 48 hours after the conclusion of the Board of Directors meeting at which the Unaudited Financial Results for the Quarter and Half Year ending September 30, 2026 are considered and approved.

Purchase order details

• Awarding entity: M/s Zetwerk Manufacturing Businesses Limited.
• Scope: supply of Satellite Communication Equipment with one-year onsite warranty.
• Total value: Rs 177.35 Crores inclusive of taxes.
• Order is domestic; under a Rate Contract.
• Execution deadline: by March 2027.
• Nature: Manufacturing.
• Related party/promoter interest: Not Applicable.

Postal Ballot approval and process

• Board approved a Postal Ballot to obtain member approval via remote e-voting.
• Cut-off date for voting entitlement: Friday, 18 September 2026.
• Remote e-voting starts September 23, 2026 and ends October 22, 2026.
• Notice of Postal Ballot is accessible on Avantel's website and exchange portals.

Communication to shareholders with unregistered emails

• Letters dispatched to shareholders whose e-mail addresses are not registered.
• Notice provides ballot process details and link to the Postal Ballot Notice.
• Shareholders are urged to register/update their e-mail addresses for future communications.
• Registrar: KFIN Technologies; Demat and physical routes for updating e-mail.

Resolution overview

• Resolution 1 (Special): Alter MOA Objects to enable expanded businesses and Imeds merger.
• Outcome: Not yet declared; results to be announced on Oct 23, 2026.
• Material impact: Broadens business scope and enables planned merger with Imeds.

Key approvals

• Approved MOA alteration to insert additional main objects; subject to shareholder postal ballot.
• Merger of Imeds Global Private Limited into Avantel Limited under sections 230–232.
• Transferor is wholly owned; merger exempt under Reg 23(5)(b) Listing Regulations.
• No cash consideration; transferor equity to be cancelled on scheme effectiveness.
• No change in Avantel's shareholding pattern; no new shares issued.
• Transferor revenue: ₹160.32 lakh; net worth: ₹2,182.83 lakh.
• Transferee revenue: ₹22,135.23 lakh; net worth: ₹35,650.45 lakh.
• Board meeting held Sep 18, 2026; start 10:30 AM, end 3:10 PM.
• Notice of postal ballot approved for MOA alteration.
• Rationale: rationalise group structure, simplify governance, consolidate operations.
• MOA additions include medical devices, satellites, energy systems, AI and related services.

Capital / Securities

• 65,016 ESOP 2023 equity shares allotted to employees.
• Paid-up equity share capital increased to Rs 53,15,51,732.
• Total issued shares after allotment: 26,57,75,866.
• Date of allotment: 15/09/2026.
• Exercise price Rs 50 per share; premium Rs 48.

Meeting Details

• Date: September 18, 2026; time not disclosed; location: Corporate Office, Avantel Limited.

Key Agenda Items

• To consider and approve the Scheme of Merger of Imeds Global Private Limited into Avantel Limited.

Other Notes

• Trading window closed from September 13, 2026, to 48 hours after outcome of the Board Meeting.

Avantel Limited – Trading Window closed from September 13, 2026 until 48 hours after the information relating to the Board Meeting outcome is generally available, for the merger of Imeds Global Private Limited into Avantel Limited.

Order details

• Awarding entity: DRDO, Ministry of Defence, Government of India.
• Scope: Development, installation and commissioning of Ground Segment Hub for voice and data Communication.
• Contract value: Rs 117.88 crores, inclusive of taxes.
• Awarding entity is domestic.
• Execution deadline: February 2029.
• Warranty period: 36 months.
• Promoter/related party interest: Not applicable.
• Material impact: No material impact disclosed.