Avantel Bags ₹177.3 Cr Order from Zetwerk Manufacturing Businesses Limited
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 Limited has scheduled a board meeting on September 18, 2026, to consider the merger of its wholly owned subsidiary, Imeds Global Private Limited.
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.
Avantel Limited secured a Rs.2.70 Crore order from Integrated Test Range (ITR), Chandipur. The contract for Telecommand RF Systems is scheduled for completion by September 2028.
Avantel Limited approved the re-appointment of Mr. Siddhartha Sagar and Mr. Ramchander as Directors. Mr. Peddi Bala Bhaskar Rao was appointed as Director (Operations).
Avantel Ltd will hold a board meeting on July 11, 2026 to approve its Q1 FY2026-27 unaudited results. Trading window remains closed until 48 hours post‑announcement.
Avantel secured a Rs.83.80 Crore purchase order from Zetwerk Manufacturing Businesses Limited for satellite communication equipment, with delivery slated by March 2027. The order bolsters its contract pipeline.
Avantel appointed Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as Independent Directors. M/s. Grandhy & Co. were re-appointed as Statutory Auditors.
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.
