Avantel Limited has fulfilled its regulatory disclosure obligations by publishing audited financial results for the fourth quarter and financial year ended March 31, 2026. The company submitted newspaper clippings to stock exchanges as part of its compliance with SEBI listing requirements.

Board Approval and Publication Details

The Board of Directors approved the audited financial results at their meeting held on April 26, 2026, following recommendations from the Audit Committee. Company Secretary and Compliance Officer D Rajasekhara Reddy communicated this development to both BSE Limited and National Stock Exchange of India Limited on April 27, 2026.

Regulatory Compliance Framework

The financial results publication aligns with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided newspaper clippings to fulfill transparency requirements for shareholders and market participants.

Financial Results Summary

The published results include both standalone and consolidated audited financial statements. Key operational metrics show total income from operations of ₹26,91,537.08 for the quarter ended March 31, 2026, and ₹1,06,61,022.99 for the full year ended March 31, 2026.

Corporate Information and Accessibility

Avantel Limited maintains its registered office at Plot No.47/P, APIIC Industrial Park, Gambheeram Village, Anandapuram Mandal, Visakhapatnam, Andhra Pradesh. The corporate office operates from Hyderabad, Telangana. Complete financial results remain accessible on stock exchange websites including BSE Limited and National Stock Exchange of India Limited, as well as the company's official website at www.avantel.in .

The company continues to maintain transparency through regular financial disclosures, ensuring stakeholders have access to comprehensive performance data for informed decision-making.

Avantel Limited has submitted the Monitoring Agency Report for the quarter ended March 31, 2026, to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, issued by M/s. CARE Ratings Limited, covers the utilization of funds raised through the Rights Issue of equity shares made by the company vide its Letter of Offer dated May 5, 2025.

The Rights Issue, conducted during the period May 15, 2025, to May 28, 2025, raised proceeds aggregating Rs. 80.91 crore. The funds were allocated across four main objects: establishment of a new manufacturing facility at Kondaparva Village in Andhra Pradesh (Rs. 53.85 crore), establishment of GSaaS infrastructure at Hyderabad (Rs. 6.17 crore), General Corporate Purpose (Rs. 19.94 crore), and issue-related expenses (Rs. 0.95 crore).

Utilization Status

As of March 31, 2026, the company had utilized Rs. 76.48 crore of the total proceeds, representing approximately 94.5% of the issue size. The remaining Rs. 4.43 crore is maintained in the Axis Bank monitoring account. The monitoring agency confirmed that there are no material deviations from the objects of the issue, though timeline deviations were noted for objects 1 and 2.

Project Implementation Status

The new manufacturing facility at Kondaparva Village for Design, Development & Manufacturing of Electronics, Antennas & Connectors for Commercial, Defence & Aerospace applications is ongoing. During Q4FY26, the company utilized Rs. 18.57 crore towards vendor payments made directly through the monitoring account. The Board noted that the marginal unutilized amount represents normal timing differences in execution.

For the GSaaS infrastructure project, the company utilized Rs. 3.26 crore during the quarter towards procurement of machinery. However, approximately Rs. 4 crore allocated towards GSaaS antenna procurement remained unutilized due to the absence of clear policy guidelines from the Department of Telecommunications regarding private sector participation in GSaaS operations. The Board decided to redirect these funds towards capital procurement of equipment and materials used in the manufacture of GSaaS antennas to support execution of an order received from NSIL.

Compliance and Declarations

CARE Ratings Limited, in its capacity as Monitoring Agency, declared that the report provides an objective view of the utilization of issue proceeds based on information provided by the issuer. The agency confirmed no change in means of finance and no major deviations from earlier monitoring reports. The unutilized proceeds of Rs. 4.43 crore are maintained in the Axis Bank monitoring account, with Rs. 0.53 crore earned as interest on fixed deposits. The balance funds are expected to be utilized in FY 2026-27 upon completion of vendor milestones and project execution stages.