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BSE Code : 532406 | NSE Symbol : AVANTEL | ISIN : INE005B01027 | Industry : Telecommunications - Equipment |

Board Meeting

Announcement Date	Date Of Meeting	Purpose	Detail
01-May-2025	01-May-2025	Right Issue	Please refer the attachment. Update to Outcome of the Board Meeting of Avantel Limited held on May 1, 2025 (As Per BSE Announcement Dated on 05.05.2025)
18-Apr-2025	26-Apr-2025	Accounts	Avantel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/04/2025 inter alia to consider and approve i) Approve and take on record the Audited Standalone Financial Results of the Company for the Financial Year ended March 31 2025. ii) Approve and take on record the Audited Consolidated Financial Results of the for the Financial Year ended March 31 2025. iii) To recommend a final dividend if any on the equity shares of the Company for the financial year ended March 31 2025 for the approval of the shareholders at the ensuing 35th Annual General Meeting. iv) To fix the record date for the payment of final dividend if any. v) To consider the Directors Report. vi) To fix the date of the 35th Annual General Meeting of the Company. vii) To consider the proposal for fund raising by way of issue of equity shares through Rights Issue or any other appropriate mode. As detailed in the attached outcome (As Per BSE Announcement Dated on: 25/04/2025)
27-Mar-2025	27-Mar-2025	Change in Directors	The Board of Directors of the Company at their meeting held on Thursday, March 27, 2025, inter-alia approved the following items of business: 1. Re-appointment of Dr. Abburi Vidyasagar (DIN: 00026524) as the Managing Director 2. Re-appointment of Smt. Abburi Sarada (DIN: 00026543) as a Whole-time Director 3. Appointment of Mrs. Mini Ipe (DIN: 07791184) as an Independent Director 4. Considered the Employee Stock Option Plan'Avantel Employees Stock Option Plan 2025' framed in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
11-Jan-2025	18-Jan-2025	Quarterly Results	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/01/2025 inter alia to consider and approve To consider and approve the Un-audited Financial Results of the Company for the Third Quarter ended December 31 2024. Considered and approved the Un-audited Standalone and Consolidated Financial Results along with Limited Review Report for the Third Quarter ended on December 31, 2024. Submission of the Un-Audited Financial Results and Limited Review Report for the Third Quarter ended December 31, 2024 Intimation under Reg.30 of the SEBI (LODR) Reg. 2015 (As Per BSE Announcement Dated on 18/01/2025)
21-Oct-2024	24-Oct-2024	Right Issue	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/10/2024 inter alia to consider and approve The Board of Directors of the Company will be held on Thursday October 24 2024 inter alia to consider and approve the proposal for fund raising by issue of equity shares through Rights Issue or any other appropriate mode as may be decided by the Board subject to requisite approvals. The Board of Directors at its meeting held on October 24, 2024, has decided to issue equity shares on rights basis. (As Per BSE Announcement dated on 24.10.2024) Rights Issue Committee of the Board have Approved the Draft Letter of Offer in relation to the proposed Rights Issue of the Company. (As per BSE Announcement Dated on 04/12/2024) Considered and approved the Un-audited Standalone and Consolidated Financial Results along with Limited Review Report for the Third Quarter ended on December 31, 2024. In view of the upward revision of the fund raising for the expansion plans through rights issue of equity shares, it has been decided to withdraw the Draft Letter of Offer (DLOF) dated December 4, 2024, filed with the stock exchanges (As Per BSE Announcement Dated on 18/01/2025)
25-Sep-2024	05-Oct-2024	Quarterly Results	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/10/2024 inter alia to consider and approve the Un-audited Financial Results of the Company for the Second Quarter and Half Year ended September 30 2024. Approved the Un-audited Standalone and Consolidated Financial Results of the Company for the Second Quarter ended September 30, 2024. Submission of Un-Audited Financial Results and Limited Review Report for the Second Quarter ended September 30, 2024. (As per BSE Announcement Dated on 05/10/2024)
08-Jul-2024	19-Jul-2024	Quarterly Results	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/07/2024 inter alia to consider and approve the Un-audited Financial Results of the Company for the First Quarter ended June 30 2024 Approval of Q1 Un-audited Standalone and Un-audited Consolidated Financial Results for FY 2024-25. (As Per BSE Announcement Dated on 19.07.2024)
15-Apr-2024	25-Apr-2024	Quarterly Results	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/04/2024 inter alia to consider and approve i) Approve and take on record the Audited Standalone Financial Results of the Company under Indian Accounting Standards (Ind AS) for the Financial Year ended March 31 2024; ii) Approve and take on record the Audited Consolidated Financial Results of the Company and its subsidiaries under Ind AS for the Financial Year ended March 31 2024; iii) To recommend a final dividend if any on the equity shares of the Company for the financial year ended March 31 2024 for the approval of the shareholders at the ensuing 34th Annual General Meeting; iv) To fix the record date for the payment of final dividend; v) To approve the Directors Report along with annexures; and vi) To fix the date of the 34th Annual General Meeting of the Company. The Board of Directors of the Company at their meeting held on Thursday, April 25, 2024, inter-alia approved the following: 1. The Audited Financial Results (Standalone and Consolidated) for the quarter / year ended March 31, 2024, as recommended by the Audit Committee; 2. The Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2024, as recommended by the Audit Committee. 3. Recommended a final dividend of Re.0.20/- per equity share of face value of Rs.2/- each for the Financial Year 2023-24 (i.e., 10% of the face value), subject to the approval of shareholders in the ensuing Annual General Meeting ('AGM'). The Dividend, if approved by the Shareholders, shall be paid to the Shareholders appearing in the register of members as on 23.05.2024. 4. To make an application to National Stock Exchange of India Limited ('NSE') for listing of the shares of the Company on its platform. Please refer the attachment for more details. The Board of Directors have approved the Audited Financial Results for the Quarter and year ended March 31, 2024. (As per BSE Announcement Dated on 25/04/2024) News paper publication of Audited Financial Results for the period ended March 31, 2024. (As Per BSE Announcement Dated on 26/04/2024)
06-Mar-2024	06-Mar-2024	Change in Directors	The Board of Directors of the Company at their meeting held on Wednesday, March 6, 2024, inter-alia approved the following: 1. Re-appointment of Mr. Abburi Siddhartha Sagar (DIN: 02312563) as a Whole-time Director of the Company for a term of three (3) years with effect from March 8, 2024, to March 7, 2027. 2. Appointment of Dr. Ajit Tavanappa Kalghatgi (DIN: 05300252) as an Independent Director on the Board of the Company for a period of 5 years i.e., from March 6, 2024 to March 5, 2029. 3. Appointment of Ms. Harita Vasireddi (DIN: 00242512) as an Independent Director on the Board of the Company for a period of 5 years i.e., from March 6, 2024 to March 5, 2029. The requisite details as specified under Regulation 30 read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed below as ANNEXURES. Reappointment of Whole-Time Director and Appointment of Two Independent Directors
09-Jan-2024	19-Jan-2024	Quarterly Results	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/01/2024 inter alia to consider and approve the Un-audited Financial Results of the Company for the Third Quarter ended December 31 2023. The Board of Directors of the Company at their meeting held on Friday, January 19, 2024, inter-alia approved the following: 1. Un-audited Standalone Financial Results along with Limited Review Report for the Third Quarter and Nine months period ended on December 31, 2023, as recommended by the Audit Committee and reviewed by the Statutory Auditors; and 2. Un-audited Consolidated Financial Results along with Limited Review Report for the Third Quarter and Nine months period ended on December 31, 2023, as recommended by the Audit Committee and reviewed by the Statutory Auditors. Un-audited Financial Results and Limited Review Report for the Quarter ended December 31, 2023. (As Per BSE Announcement Dated on 19/01/2024)
28-Sep-2023	09-Oct-2023	Quarterly Results	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/10/2023 inter alia to consider and approve the Un-audited Financial Results of the Company for the Second Quarter ended September 30 2023; and may consider the proposal for issue of 'Bonus Shares' by capitalisation of reserves subject to approval of the shareholders of the Company. Disclosures under SEBI Circular dated September 9. 2015 is attached herewith in detailed. With reference to the above stated subject, we bring to your kind notice that the Board of Directors of the Company at their meeting held on Monday, October 9, 2023, inter-alia approved the following: 1. Un-audited Standalone Financial Results along with Limited Review Report for the Second Quarter and Six months period ended on September 30, 2023, as recommended by the Audit Committee and reviewed by the Statutory Auditors. 2. Un-audited Consolidated Financial Results along with Limited Review Report for the Second Quarter and Six months period ended on September 30, 2023, as recommended by the Audit Committee and reviewed by the Statutory Auditors. 3. Issue of Bonus Shares The Board of Directors has considered, approved and recommended the issue of Bonus Shares in the ratio of 2:1 i.e., 2 Equity Shares for every 1 equity share held by the equity shareholder of the Company as on a Record Date to be fixed thereon. 5. Increase in Authorized Share Capital 6. Employee Stock Option Plan Results are attached in detailed. (As per BSE Announcement Dated on 09/10/2023) News Paper clippings of Un-Audited Financial Results for the Second Quarter ended September 30, 2023 is enclosed. (As Per BSE Announcement Dated on 10/10/2023)
03-Jul-2023	13-Jul-2023	Quarterly Results	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/07/2023 inter alia to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we hereby inform you that a meeting of the Board of Directors of the Company will be held on Thursday July 13 2023 inter alia to consider and approve the Un-audited Financial Results of the Company for the First Quarter ended June 30 2023. Further in accordance with the Companys Code of Conduct for Prevention of Insider Trading the Company has intimated its designated persons and other insiders regarding the closure of the Trading Window. Accordingly the trading window is closed from June 30 2023 till the expiry of Forty-Eight (48) hours from the date of the said financial results are made public. With reference to the above stated subject, we bring to your kind notice that the Board of Directors of the Company at their meeting held on Thursday, July 13, 2023, inter-alia approved the following: 1. Un-audited Standalone Financial Results along with Limited Review Report for the First Quarter and three months period ended on June 30, 2023, as recommended by the Audit Committee and reviewed by the Statutory Auditors; 2. Un-audited Consolidated Financial Results along with Limited Review Report for the First Quarter and three months period ended on June 30, 2023, as recommended by the Audit Committee and reviewed by the Statutory Auditors; and 3. Amended policy on determination of materiality of events / information. The Meeting of the Board of Directors held today commenced at 12.00 Noon and concluded at 1.15 p.m. Approved the Un-audited Standalone and Consolidated Financial Statements for the First Quarter ended June 30, 2023 (As Per BSE Announcement Dated on 13.07.2023)
07-Jun-2023	23-Jun-2023	Stock Split	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/06/2023 inter alia to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday June 23 2023 inter alia to consider and approve the proposal for sub-division/split of the Equity shares of the Company having face value of Rs.10/- (Rupees Ten) each fully paid up in such manner as may be determined by the Board of Directors and subject to approval of the shareholders and such authorities as may be required. Further in accordance with the Companys Code of Conduct for Prevention of Insider Trading the Company has intimated its designated persons regarding the closure of the Trading Window. Accordingly the trading window is closed from June 7 2023 till the expiry of Forty-Eight (48) hours from the conclusion of the Board of Directors Meeting. Board Meeting Outcome for Outcome Of The Board Meeting Held On June 23, 2023 1. Approved for Sub-division/split of existing Equity Shares of the Company from l (One) Equity Share having face value of Rs.10/- (Rupees Ten only) each fully paid-up, into 5 (Five) Equity Shares having face value of Rs.2/- (Rupees Two only) each fully paid-up, subject to the approval of Equity Shareholders of the Company through Postal Ballot. The Record Date for sub-division/split of existing Equity Shares shall be decided after taking the aforesaid approval of the Equity Shareholders of the Company. 2. Approved for Alteration of the Capital Clause (Clause V) of the Memorandum of Association subject to the approval of Equity Shareholders through Postal Ballot. The Meeting of the Board of Directors held today commenced at 3.00 p.m. and concluded at 5.25 p.m. This is for your information and necessary records. (As Per BSE Announcement Dated on 23.06.2023)
09-May-2023	17-May-2023	Final Dividend	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/05/2023 inter alia to consider and approve i) To recommend a final dividend if any on the equity shares of the Company for the financial year ended March 31 2023 for the approval of the shareholders at the ensuing 33rd Annual General Meeting; ii) To fix the record date for the payment of final dividend; iii) To approve the Directors Report along with annexures; and iv) To fix the date of the 33rd Annual General Meeting of the Company. Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements), 2015, Friday, June 16, 2023 is fixed as record date for taking record of the Members of the Company for the purpose of payment of final dividend of Re.1/- per equity share of nominal value of Rs.10/-each for the financial year 2022-23 as decided by the Board of Directors at their meeting held on May 17, 2023, subject to approval of the Shareholders. The Board of Directors inter-alia, had transacted the following items of business: 1. Recommended a final dividend of Rs.1/- per equity share of face value of Rs.10/- each for the Financial Year 2022-23 (i.e., 10% of the face value), subject to the approval of the shareholders in the ensuing Annual General Meeting ('AGM'). The Dividend, if approved by the Shareholders, shall be paid to the Shareholders appearing in the register of members as on 16.06.2023. 2. Notice of 33rd Annual General Meeting and Director''s report along with the annexures. 3. The 33rd Annual General Meeting of the members of the Company is scheduled to be held on Friday, the 23rd day of June, 2023 through VC/OAVM mode without a common Venue. 4. To Accept Deposits from the members of the Company, subject to the approval of the shareholders in the ensuing Annual General Meeting ('AGM') of the Company. The Meeting of the Board of Directors held today commenced at 11.30 A.M. and concluded at 1.15 P.M. (As Per BSE Announcement Dated on 17.05.2023)
01-Apr-2023	13-Apr-2023	Accounts	AVANTEL LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/04/2023 inter alia to consider and approve i) the Audited Standalone Financial Results of the Company under Indian Accounting Standards (Ind AS) for the Financial Year ended March 31 2023; ii) Approve and take on record the Audited Consolidated Financial Results of the Company and its subsidiaries under Ind AS for the Financial Year ended March 31 2023; and iii) Recommend a final dividend if any on the equity shares of the Company for the financial year ended March 31 2023 for the approval of the shareholders at the ensuing 33rd Annual General Meeting. Further in accordance with the Companys Code of Conduct for Prevention of Insider Trading the Company has intimated its designated persons regarding the closure of the Trading Window for trading in the Companys equity shares from March 27 2023 till the expiry of 48 hours from the date the said financial results are made public. With reference to the above stated subject, we bring to your kind notice that the Board of Directors of the Company at their meeting held on Thursday, April 13, 2023, inter-alia approved the following: 1. The Audited Financial Results (Standalone and Consolidated) for the quarter / year ended March 31, 2023, as recommended by the Audit Committee; and 2. The Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2023, as recommended by the Audit Committee. Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors have approved the audited Standalone and Consolidated Financial Results of the Company for the fourth quarter / year ended March 31, 2023, at their meeting held on April 13, 2023, which are enclosed herewith along with the Auditors' Reports with unmodified opinion (i.e., unqualified opinion) on the aforesaid Audited Financial Results (Standalone and Consolidated) issued by M/s. Grandhy & Co., Chartered Accountants, Statutory Auditors of the Company. 1. The Audited Financial Results (Standalone and Consolidated) for the quarter / year ended March 31, 2023, as recommended by the Audit Committee; and 2. The Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2023, as recommended by the Audit Committee. 3. The matter pertaining to the dividend was differed by the Board for considering at the next Board Meeting. The Meeting of the Board of Directors held today commenced at 10.30 A.M. and concluded at 1.20 P.M We shall inform you in due course of the date on which the Company will hold its Annual General Meeting for the year ended March 31, 2023 (As Per BSE Announcement Dated on 13.04.2023) Board the matter pertaining to the dividend was differed by the Board for considering at the next Board (As Per BSE Bulletin Dated on 13.04.2023) Newspaper clippings of Audited Financial Results (Standalone and Consolidated) for the Fourth Quarter and Financial Year ended March 31, 2023 published in Business Standard (English) and Prajasakti (Telugu) on April 14, 2023. (As per BSE Announcement Dated on 14/04/2023)

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Avantel Ltd

Board Meeting