Avantel Credit Rating

Avantel Other Announcement

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.

Avantel Acquisition

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 Management Change

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 Merger & Restructuring

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 Q2 FY27 Results: Net Profit ₹6.8 Cr, Up 58.1% YoY

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.

Key figure

Net profit ₹6.8 Cr · +58.1% YoY

Avantel Annual General Meeting

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.

Supra Pacific Financial Services Credit Rating

Acuité assigned ACUITE BBB-/Stable to Supra Pacific Financial's bank loan facilities. The rating letter is dated 30 October 2026.

Apollo Pipes Credit Rating

Apollo Pipes Limited's bank facilities worth Rs. 150 Crore were upgraded by ICRA to [ICRA]AA-(Stable)/[ICRA]A1+ from A+. The rationale cites deeper integration with the APL Apollo Group.

Ashoka Buildcon Credit Rating

ICRA reaffirmed and then withdrew Ashoka Buildcon's short-term debt rating of [ICRA] A1+ at the company's request. Other debt instruments remain rated by other agencies.

Rolex Rings Credit Rating

Rolex Rings' credit rating was upgraded by CARE Ratings: long-term bank facilities moved from CARE A- to CARE A, and short-term from CARE A2+ to CARE A1. The upgrade reflects a stronger credit profile.

Mangalam Global Enterprise Credit Rating

Infomerics reaffirmed Mangalam Global's IVR BBB rating, revised outlook to Negative and moved it to Issuer Not Cooperating. Rating action dated 29 October 2026.

DCM Shriram Credit Rating

DCM Shriram reaffirmed ICRA ratings on its long-term and short-term bank facilities and fixed deposit programme. Commercial paper rating was reaffirmed and withdrawn, with no change in rating levels.