Avantel Limited has announced that its Founder & Chairman and Managing Director, Dr. Abburi Vidyasagar, has donated equity shares of the company to Lakshmee Foundation, a charitable trust focused on healthcare and social welfare initiatives. The development was disclosed via a press release issued by Lakshmee Foundation and submitted to the stock exchanges on May 5, 2026.

Philanthropic Share Donation to Lakshmee Foundation

Dr. Abburi Vidyasagar, who also serves as a Trustee of Lakshmee Foundation, donated 60,00,000 (Sixty Lakh) equity shares of Avantel Limited to the Foundation on May 4, 2026. The contribution is intended to support and expand various healthcare-related philanthropic activities, particularly those aimed at improving access to quality healthcare for underserved communities.

Key details of the donation are summarised below:

Utilisation of Donated Shares

Lakshmee Foundation, described as a non-profit organisation committed to social welfare with a particular focus on the healthcare sector, will utilise the donated shares in a structured and strategic manner. The proceeds are to be directed towards supporting healthcare initiatives, including the operations of Lakshmee Foundation Hospital, located at Sri Vinayaka Complex, 54-15-5, Ring Road, NH-16, Vijayawada – 520008, Andhra Pradesh.

About Lakshmee Foundation

Lakshmee Foundation was instituted in the year 2010 with the mission to "Serve the Needy" for the larger good of society. The Foundation was established in memory of Late Smt. Abburi Lakshmeekantham and carries out philanthropic activities across multiple domains:

• Health — healthcare access for the underprivileged
• Education — support for underprivileged communities
• Women Welfare — initiatives supporting women
• Orphan and Old Age Care — support for orphans and elderly individuals
• Distress Relief — assistance to people under distress

The Foundation is guided by its Trustees — Dr. Abburi Vidyasagar, Mrs. Abburi Sarada, Mr. Abburi Siddhartha Sagar, Ms. Abburi Sailaja, Mr. Nimmagadda Sreenivasa Rao, and Mr. Myneni Sampat Kumar. Its activities are concentrated in the Andhra Pradesh and Telangana regions, and its motto is "A little bit for yourself and everything for others."

This initiative aligns with the Foundation's stated objective of creating a meaningful and lasting impact in improving healthcare accessibility for underserved populations.

Avantel Limited has received an amendment to an existing purchase order from M/s. Bharat Electronics Limited (BEL) for the supply of Power Amplifiers. The amendment, received on May 4, 2026, adds an additional order value of ₹3.01 Crores (excluding taxes) over and above the existing order value of ₹8.03 Crores, bringing the total order value to ₹11.04 Crores. The original purchase order was dated November 22, 2025. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Amendment Details

The purchase order amendment pertains to a domestic manufacturing contract awarded by Bharat Electronics Limited. The key terms and conditions of the amended order are outlined below:

Compliance and Disclosure

The intimation was made in compliance with SEBI's circular dated September 9, 2015, read with the circular dated July 13, 2023. The disclosure was signed by D. Rajasekhara Reddy, Company Secretary & Compliance Officer of Avantel, on May 5, 2026. The company has also made the information available on its official website at www.avantel.in .