AVANTEL
Avantel Limited
NSELast Traded Price
₹150.8
0.03 (0.02%)
Open
₹151
High
₹151.87
Low
₹149.06
Prev Close
₹150.77
Industry
Aerospace & Defense
Market Cap
4002.85 Cr
Filing History
Recent corporate announcements and filings for AVANTEL
Business Update
Positive
2026-10-10 10:14
Order Win: Avantel Limited won order from M/s. Larsen & Toubro Limited
Order Value: ₹12.04 Cr.
Completion Timeline: October 2028
Financials
Positive
2026-10-08 15:17
- Avantel Limited received credit rating reaffirmation and assignment from Acuité Ratings & Research Limited on October 8, 2026.
- Long-term rating reaffirmed and assigned at 'ACUITE A-' with a Stable outlook.
- Short-term rating reaffirmed and assigned at 'ACUITE A2+' on total bank facilities aggregating Rs. 258.94 Cr.
Business Update
Positive
2026-10-01 12:49
Order Win: Avantel Limited won order from Directorate of Electrical Engineering, Naval Head Quarters, Ministry of Defence
Order Value: ₹6.02 Cr.
Completion Timeline: September 2029
Business Update
Positive
2026-09-23 15:46
- Order Win: Avantel Limited won order from M/s. Zetwerk Manufacturing Businesses Limited
- Order Value: ₹177.35 Crores (Incl. Taxes)
- Completion Timeline: March 2027
- Other Details: For the supply of Satellite Communication Equipment's, along with One (1) Year Comprehensive Onsite Warranty.
Governance
Neutral
2026-09-22 14:50
- Avantel Limited has dispatched communication letters regarding a Postal Ballot to shareholders whose e-mail addresses are not registered.
- The Postal Ballot is for seeking member approval through remote e-voting.
- Key dates: Cut-off for voting entitlement - September 18, 2026; Remote e-voting commencement - September 23, 2026; Remote e-voting end - October 22, 2026.
Governance
Positive
2026-09-22 14:45
- The company is seeking member approval via postal ballot to alter the Objects Clause of its Memorandum of Association (MOA).
- The proposed alteration expands the company's business activities into new sectors, including medical devices, space/satellite technology, energy systems, advanced manufacturing (mechanical, electrical, electronic, microelectronics), and artificial intelligence/machine learning/data analytics/IoT.
- The remote e-voting period is from September 23, 2026 (09:00 A.M. IST) to October 22, 2026 (05:00 P.M. IST).
- Results of the postal ballot will be declared on October 23, 2026.
Business Update
Positive
2026-09-18 15:37
- Board of Directors approved the alteration of the Memorandum of Association to expand into new strategic business areas including healthcare, space technology, energy systems, advanced manufacturing, and AI/ML technologies, subject to shareholder approval via postal ballot.
- Approved the merger of Imeds Global Private Limited, a wholly-owned subsidiary, into Avantel Limited to rationalize the group structure, improve operational efficiency, and consolidate operations.
- No cash consideration or share issuance is involved in the merger, and there will be no change in the shareholding pattern.
Business Update
Positive
2026-09-18 15:31
- Board of Directors approved the alteration of the Memorandum of Association to include new business segments: medical devices, space technology, energy systems, mechanical/electronic parts, microelectronics, and AI/ML/data analytics/IoT.
- Approved the merger of Imeds Global Private Limited (a wholly-owned subsidiary) into Avantel Limited. This merger aims to rationalise the group structure and improve operational efficiency.
- Both proposals are subject to approval from the shareholders of the Company through Postal Ballot.
Governance
Positive
2026-09-18 15:26
- Board of Directors, on September 18, 2026, approved altering the Memorandum of Association to include new main objects expanding into medical devices, space, energy systems, and AI/ML sectors.
- The Board also approved the merger of Imeds Global Private Limited, a wholly-owned subsidiary, into Avantel Limited for group rationalization and improved efficiency.
- A notice for postal ballot seeking shareholder approval for the MOA alteration was also approved.
Ownership
Neutral
2026-09-15 12:07
- Avantel Limited allotted 65,016 Equity Shares of face value Rs.2/- each under the ESOP 2023 scheme on September 15, 2026. This increased the paid-up equity share capital from 26,57,10,850 shares (₹53,14,21,700) to 26,57,75,866 shares (₹53,15,51,732).
Routine
Neutral
2026-09-12 19:21
- Trading Window for Avantel Limited securities will close from September 13, 2026.
- The window will remain closed until 48 hours after the Board Meeting outcome, where the Board will consider and approve the merger of Imeds Global Private Limited (wholly owned subsidiary) into Avantel Limited.
Business Update
Positive
2026-08-29 16:34
- Order Win: Avantel Limited won order from Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India
- Order Value: ₹117.88 Crores (Incl. Taxes)
- Completion Timeline: February 2029
- Nature of Order: Development, Installation & Commission of Ground Segment Hub for voice & data Communication
Governance
Neutral
2026-08-17 17:07
- Members approved resolutions via postal ballot on August 16, 2026.
- Mr. Abburi Siddhartha Sagar re-appointed Executive Director (Strategy & Business Development) for 5 years.
- Mr. Peddi Bala Bhaskar Rao appointed Director (Operations) for 3 years.
- Mr. Vyasabhattu Ramchander re-appointed Independent Director for 5 years.
Governance
Neutral
2026-08-17 16:56
- Avantel Limited's postal ballot concluded on August 16, 2026.
- Members approved the re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director.
- Members approved the appointment of Mr. Peddi Bala Bhaskar Rao as Director (Operations).
- Members approved the re-appointment of Mr. Vyasabhattu Ramchander as Independent Director.
- All three resolutions were passed with the requisite majority.
Governance
Positive
2026-08-17 16:52
- Avantel Limited announced the voting results of its Postal Ballot, concluded on August 16, 2026.
- Shareholders approved the re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director.
- The appointment of Mr. Peddi Bala Bhaskar Rao as Director (Operations) was approved.
- The re-appointment of Mr. Vyasabhattu Ramchander as Independent Director was also approved.
- All resolutions passed with overwhelming majority.
Business Update
Positive
2026-08-04 23:24
- Order Win: Avantel Limited won an order from Integrated Test Range (ITR), Chandipur for the supply of Telecommand RF System
- Order Value: ₹2.70 Crores (Incl. Taxes)
- Completion Timeline: By September 2028
Business Update
Positive
2026-07-18 15:04
- Order Win: Avantel Limited won an order from Larsen & Toubro Limited
- Order Value: ₹20.81 Crores (Incl. Taxes)
- Completion Timeline: By July 2027
- Details: For services relating to SATCOM Products
Governance
Neutral
2026-07-17 13:02
- Avantel Limited dispatched communication letters to shareholders with unregistered e-mail addresses to inform them about the Postal Ballot process and facilitate e-mail registration.
- The communication provides a web link to the Notice of Postal Ballot dated July 11, 2026, which seeks member approval through remote e-voting.
- The cut-off date for determining voting entitlement is July 14, 2026.
- Remote e-voting commences on July 18, 2026, and ends on August 16, 2026.
Governance
Neutral
2026-07-16 19:31
- Notice of Postal Ballot seeking shareholder approval for the re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director and Mr. Vyasabhattu Ramchander as an Independent Director, and the appointment of Mr. Peddi Bala Bhaskar Rao as Director (Operations).
- E-voting period: July 18, 2026, to August 16, 2026. Results to be declared on August 17, 2026.
Governance
Neutral
2026-07-11 15:04
- Re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director for 5 years from March 8, 2027.
- Appointment of Mr. Peddi Bala Bhaskar Rao as Additional Director (Operations) for 3 years from July 11, 2026.
- Re-appointment of Mr. Vyasabhattu Ramchander as Independent Director for 5 years from May 6, 2027.
- Reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.
Governance
Neutral
2026-07-11 15:04
- Board approved re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director (Strategy & Business Development) for a term of 5 years (2027-2032).
- Mr. Peddi Bala Bhaskar Rao was appointed as an Additional Director (Operations) for 3 years (2026-2029).
- Mr. Vyasabhattu Ramchander was re-appointed as an Independent Director for a second term of 5 years (2027-2032).
- Reconstitution of Audit, Nomination and Remuneration, and Stakeholders Relationship Committees was also approved.
Governance
Neutral
2026-07-11 15:04
- The Board approved the re-appointment of Mr. Abburi Siddhartha Sagar as Executive Director (Strategy & Business Development) for five years (2027-2032), and Mr. Vyasabhattu Ramchander as an Independent Director for a second five-year term (2027-2032).
- Mr. Peddi Bala Bhaskar Rao was appointed as an Additional Director, designated as Director (Operations), for three years (2026-2029).
- The Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee were reconstituted.
Financials
Positive
2026-07-11 14:15
- Consolidated Revenue ₹70.42Cr vs ₹51.91Cr (▲35.66% YoY)
- EBITDA ₹17.55Cr vs ₹10.50Cr (▲67.14% YoY)
- PAT ₹5.39Cr vs ₹3.23Cr (▲67.19% YoY)
- EBITDA Margin 24.92% vs 20.23% (▲469bps)
- Board approved revision in remuneration for an Executive Director and re-appointed/appointed three directors, along with reconstitution of key committees.
Business Update
Positive
2026-06-30 13:32
- Order Win: Avantel Limited received an order from M/s. Zetwerk Manufacturing Businesses Limited
- Order Value: ₹83.80 Crores (Incl. Taxes)
- Completion Timeline: March 2027
- Details: For the supply of Satellite Communication Equipment's along with One (1) Year Comprehensive Onsite Warranty
Routine
Neutral
2026-06-30 11:02
- Trading Window for Avantel Limited will close from July 1, 2026.
- Closure is for considering the Un-audited Financial Results for the First Quarter ended June 30, 2026.
- It will reopen 48 hours after the Board Meeting, which will be intimated later.
Governance
Neutral
2026-06-24 21:00
- Avantel Limited's 36th AGM on June 24, 2026, approved key resolutions.
- M/s. Grandhy & Co. re-appointed as Statutory Auditors for a second term of 5 years.
- Dr. Tamilmani Kandasamy appointed as an Independent Director for a term of 5 years.
- Mr. Lakshminarasimha Acharyulu Muktevi appointed as an Independent Director for a term of 5 years.
Governance
Neutral
2026-06-24 19:26
- Mr. Myneni Narayana Rao ceased to be an Independent Director of Avantel Limited on June 24, 2026.
- The cessation is due to the completion of his second consecutive term as per SEBI Regulations.
Governance
Neutral
2026-06-24 19:13
- Members at the 36th AGM on June 24, 2026, approved the re-appointment of M/s. Grandhy & Co. as Statutory Auditors for 5 years (FY 2030-31).
- Approved the appointment of Dr. Tamilmani Kandasamy as an Independent Director for a 5-year term (April 26, 2026, to April 25, 2031).
- Approved the appointment of Mr. Lakshminarasimha Acharyulu Muktevi as an Independent Director for a 5-year term (April 26, 2026, to April 25, 2031).
Governance
Positive
2026-06-24 18:50
- 36th Annual General Meeting (AGM) of Avantel Limited was held on June 24, 2026.
- All 9 items of business were approved by the Members, including the adoption of financial statements, declaration of a final dividend of Re. 0.20/- per equity share for FY26, appointment/re-appointment of directors, re-appointment of statutory auditors, and approval to increase borrowing limits and create charges on properties.
Governance
Positive
2026-06-24 13:32
- The 36th AGM was held on June 24, 2026, via video conference.
- Members adopted FY26 financial statements and approved a final dividend of Re.0.20 per equity share.
- Re-appointments of Director and Auditors, and appointments of two Independent Directors were approved.
- Resolutions to increase borrowing limits and create charges on properties for borrowings were also passed.
Business Update
Positive
2026-06-08 16:01
- Order Win: Avantel Limited won order from Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India
- Order Value: ₹9.94 Crores (Incl. Taxes)
- Completion Timeline: December 2028
- Purpose: For Development and Testing of Satellite Terminals for GSAT.
Governance
Neutral
2026-06-01 11:50
Avantel Limited announced its 36th Annual General Meeting (AGM) will be held on Wednesday, June 24, 2026, at 11:00 A.M. (IST) through Video Conferencing/Other Audio Visual Means. The Annual Report for FY 2025-26 has been made available on the company's website and stock exchange platforms. The record date for the final dividend is Friday, June 12, 2026, with e-voting from June 21-23, 2026. The dividend payment date is on and after June 29, 2026.
Governance
Positive
2026-05-30 14:35
Avantel Limited announced its 36th Annual General Meeting (AGM) for June 24, 2026, to be held via video conference. The agenda includes adopting FY2025-26 financial statements, declaring a final dividend of Re.0.20/- per equity share, re-appointing a director and statutory auditors, appointing two independent directors, and seeking approval to increase borrowing limits to ₹350 Crore and create charges on properties.
Business Update
Positive
2026-05-25 14:58
Order Win: Avantel Limited won an order from Coast Guard Headquarters, New Delhi, for the supply, installation, commissioning, and Annual Comprehensive Maintenance of Satcom Products. Order Value: ₹28.20 Crores (Incl. Taxes). Completion Timeline: August 2027.
Business Update
Positive
2026-05-22 12:28
Avantel Limited received an amendment to an existing purchase order from M/s. Bharat Electronics Limited for the supply of Power Amplifiers, adding an additional order value of Rs.1.92 Crores. The total order value, including the amendment, is now Rs.12.96 Crores. The order is expected to be executed by September 2026.
Financials
Positive
2026-05-05 18:20
Avantel Limited's Q4 FY26 Standalone results show Revenue of ₹63.15 Cr vs ₹49.14 Cr (▲28.50% YoY), EBITDA of ₹15.40 Cr vs ₹12.55 Cr (▲22.69% YoY), and PAT of ₹7.05 Cr vs ₹7.36 Cr (▼4.13% YoY). EBITDA Margin was 24.39% vs 25.54% (▼115bps). The Board recommended a final dividend of ₹0.20 per equity share. This filing also clarified technical discrepancies in previous submissions, confirming no impact on reported financial performance.
Routine
Neutral
2026-05-05 15:10
New Filing detected. See link for details.
Ownership
Positive
2026-05-05 12:53
Dr. Abburi Vidyasagar, Founder & Chairman and Managing Director of Avantel Limited, has donated 60,00,000 equity shares of Avantel Limited to Lakshmee Foundation on May 4, 2026. This philanthropic contribution is intended to support and expand various healthcare-related initiatives, including the operations of Lakshmee Foundation Hospital, aiming to improve access to quality healthcare for underserved communities.
Routine
Neutral
2026-04-30 18:12
New Filing detected. See link for details.
Financials
Positive
2026-04-27 19:02
Avantel Limited has fixed Friday, June 12, 2026, as the record date for a final dividend of Re.0.20/- per equity share (10% of Rs. 2/- face value) for the financial year 2025-26, as recommended by the Board.
Financials
Positive
2026-04-27 18:55
Avantel Limited recommended a final dividend of Re.0.20/- per equity share (10% on face value Rs. 2/-) for FY 2025-26, subject to AGM approval. The record date for the dividend payment is June 12, 2026.
Governance
Positive
2026-04-26 16:01
Avantel's Board on April 26, 2026, appointed Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as Independent Directors for 5 years. The Board also reconstituted its committees and appointed Statutory, Cost, and Internal Auditors.
Governance
Positive
2026-04-26 15:51
Avantel's Board met on April 26, 2026, approving the appointment of Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as Independent Directors for 5 years. The Board also reconstituted its committees and appointed M/s. Grandhy & Co. as Statutory Auditors, M/s. MPR & Associates as Cost Auditors, and M/s. Ramesh & Co. as Internal Auditors.
Governance
Positive
2026-04-26 15:51
Avantel's Board, on April 26, 2026, approved the appointment of Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as Additional Independent Directors for 5 years. It also reconstituted various committees and appointed M/s. Grandhy & Co. as Statutory Auditors, M/s. MPR & Associates as Cost Auditor, and M/s. Ramesh & Co. as Internal Auditor.
Governance
Positive
2026-04-26 13:35
Avantel's Board, on April 26, 2026, appointed Dr. Tamilmani Kandasamy and Mr. Lakshminarasimha Acharyulu Muktevi as Additional Independent Directors for 5 years. The board also reconstituted its committees and approved the appointment of statutory, cost, and internal auditors for specified terms.
Financials
Positive
2026-04-26 13:10
Standalone Revenue ₹63.15Cr vs ₹49.14Cr (▲28.5% YoY), EBITDA ₹15.40Cr vs ₹12.55Cr (▲22.7% YoY), PAT ₹7.05Cr vs ₹7.36Cr (▼4.1% YoY) for the quarter ended March 31, 2026. EBITDA Margin 24.4% vs 25.5% (▼110bps). A final dividend of Re.0.20/- per equity share was recommended.
Business Update
Positive
2026-04-10 12:32
Avantel Limited's bank facilities totaling ₹249.50 crore were rated/reaffirmed by CARE Ratings. Long-term facilities received 'CARE A-; Stable' and short-term facilities received 'CARE A2+', indicating stable financial health with a stable outlook.
Ownership
Positive
2026-04-07 18:59
Ms. Abburi Sailaja, a substantial shareholder in Avantel Limited, declared that she and persons acting in concert have not created any encumbrance on their equity shares as on March 31, 2026, in compliance with SEBI Regulation 31(4).
Ownership
Positive
2026-04-07 11:09
Abburi Siddhartha Sagar, a substantial shareholder, declared on April 1, 2026, that the equity shares held by him and persons acting in concert in Avantel Limited were not encumbered as of March 31, 2026, in compliance with SEBI Regulation 31(4).
Ownership
Neutral
2026-04-06 15:08
Dr. Abburi Vidyasagar declared under SEBI (SAST) Regulation 31(4) that they, along with persons acting in concert, have not created any encumbrance on their equity shares in Avantel Limited as on March 31, 2026.
Business Update
Positive
2026-04-06 14:59
Avantel Limited received a Purchase Order from NewSpace India Limited for the supply, installation, and commissioning of Devices for Xponders, valued at Rs. 11.59 Crores (exclusive of taxes). The order is to be executed by October 2026.
Ownership
Positive
2026-04-02 20:25
Smt. Abburi Sarada declared under SEBI Regulation 31(4) that she and persons acting in concert have not created any encumbrance on their equity shares held in Avantel Limited as on March 31, 2026, confirming the absence of pledges.
Ownership
Neutral
2026-04-02 20:24
M/s. Lakshmee Foundation declared under SEBI (SAST) Regulation 31(4) that they have not created any encumbrance on their equity shares held in Avantel Limited as of March 31, 2026. This is a routine compliance filing.
Routine
Neutral
2026-04-02 10:25
Avantel Limited confirms compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The company states that shares received for dematerialization were cancelled and depositories were recorded as registered owners.