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).
