Avantel Ltd

Avantel Ltd. is currently down 0.92% to Rs 143.98, extending a recent decline that has seen the stock fall 4.19% over the last one week. Avantel Limited announced it has received a purchase order from Larsen & Toubro Limited, dated October 9, 2026, for comprehensive annual maintenance of Satcom equipment, valued at Rs 12.04 Crores (inclusive of applicable taxes), with the work expected to be completed by October 2028. The order, considered a domestic service engagement, does not involve any related party transactions or interest from promoters, promoter groups, or group companies. Trading volume reached 7.41 lakh shares today, representing a 40.1% decrease compared to the average volume over the past week. Avantel Ltd. plunged 30.52% year-over-year, underperforming the 10.57% loss recorded by the NIFTY50 index.

Avantel Ltd announced that Acuité Ratings & Research Limited ("Acuité"), a Credit Rating Agency, has reaffirmed its long-term rating of 'ACUITE A-' (read as ACUITE A minus) and short-term rating of 'ACUITE A2+' (read as ACUITE A two plus) on Rs. 134.50 Cr. bank facilities, with a 'Stable' outlook, and has also assigned the long-term rating of 'ACUITE A-' (read as ACUITE A minus) and short-term rating of 'ACUITE A2+' (read as ACUITE A two plus) on Rs. 124.44 Cr. bank facilities, also with a 'Stable' outlook; no enhancements, assignments, or withdrawals of ratings were indicated by Acuité.

Avantel Limited will hold a board meeting on Monday, October 26, 2026, to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. The company has closed its trading window for securities dealings from October 1, 2026, and it will remain closed until 48 hours after the financial results are declared.

Avantel Limited confirmed to the BSE Limited and the National Stock Exchange of India Limited that certificates of equity shares received for dematerialization have been duly mutilated and cancelled for the quarter ended September 30, 2026, as per Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. KFin Technologies Limited, the Registrar and Share Transfer Agent for Avantel Limited, certified that details of dematerialized and rematerialized securities have been furnished to the stock exchanges.

Avantel Ltd. is down 2.13% to Rs 150.78, extending recent declines that have seen the stock slip 2.94% over the last week. Avantel Limited has received a contract from the Directorate of Electrical Engineering, Naval Headquarters, Ministry of Defence, for comprehensive annual maintenance of Satcom equipment, valued at Rs 6.02 Crores (inclusive of applicable taxes), as announced on October 1, 2026. The domestic order, awarded under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is expected to be executed by September 2029, and does not involve any interest from promoters, promoter groups, or group companies, nor does it constitute a related party transaction. Trading volume reached 7.33 lakh shares today, a decrease of 96.23% compared to the average volume over the past week. Avantel Ltd eased by 16.81% year-over-year, outperforming the 8.09% loss recorded by the NIFTY50 index.

Avantel Limited informed the BSE Limited and National Stock Exchange of India Limited that the trading window for dealing in the company's securities will be closed from October 1, 2026, until 48 hours after the Board of Directors approves the unaudited financial results for the quarter and half year ending September 30, 2026.

Avantel Limited announced it has received a purchase order from Zetwerk Manufacturing Businesses Limited, valued at Rs 177.35 Crores (inclusive of applicable taxes), for the supply of satellite communication equipment. This order follows a rate contract awarded to Avantel by Zetwerk, previously disclosed on March 25, 2026, and is expected to be executed by March 2027, including a one-year comprehensive onsite warranty. The company confirmed that neither the promoter group nor any group companies have an interest in Zetwerk, and the transaction does not constitute a related party transaction.

Avantel Limited is proposing two corporate actions: an amendment to its Articles of Association to expand its business scope into areas including medical electronics, defense technology, artificial intelligence, and cybersecurity, and the merger of its wholly-owned subsidiary, Imeds Global Private Limited, into Avantel itself. The merger, considered a related-party transaction conducted at arm’s length, will consolidate operations and simplify governance, with no share exchange required due to Avantel’s full ownership of Imeds Global. As of March 31, 2026, Imeds Global reported revenue of Rs 160.32 crore and a net worth of Rs 2,182.83 crore, while Avantel Limited’s revenue stood at Rs 22,135.23 crore and its net worth at Rs 35,650.45 crore. The move is expected to have no impact on Avantel’s shareholding pattern.

Avantel Limited is proposing two corporate actions: an amendment to its Articles of Association to expand its business activities and the merger of its wholly-owned subsidiary, Imeds Global Private Limited, into the parent company. The amendment would allow Avantel to engage in a broader range of businesses, including medical devices, defense electronics, embedded systems, and artificial intelligence, alongside manufacturing services and digital infrastructure development. As of March 31, 2026, Imeds Global Private Limited reported revenue of Rs 160.32 crore and a net worth of Rs 2,182.83 crore, while Avantel Limited’s revenue was Rs 22,135.23 crore and its net worth was Rs 35,650.45 crore. The merger, designed to rationalize the group structure and improve operational efficiency, will not involve any share exchange and will not alter Avantel’s shareholding pattern, and is being conducted at arm’s length.

Avantel Limited announced the allotment of 65,016 equity shares to eligible employees upon the exercise of options under its Avantel Employees Stock Option Plan 2023 (ESOP 2023), increasing the company's paid-up equity share capital from 26,57,10,850 shares with a total value of Rs 53,14,21,700 to 26,57,75,866 shares with a total value of Rs 53,15,51,732.