Avantel Limited Publishes Notice for Transfer of Unclaimed Dividends and Equity Shares to IEPF

2 min read     Updated on 27 Apr 2026, 12:52 PM
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AI Summary

Avantel Limited published a notice on April 27, 2026, regarding the transfer of unclaimed dividends and equity shares to IEPF. The Final Dividend for FY 2018-19, unclaimed for seven consecutive years, is due for transfer along with corresponding shares. Shareholders must claim their dividends by August 9, 2026, or face automatic transfer to IEPF without further notice.

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Avantel Limited has published a mandatory notice regarding the transfer of unclaimed dividends and equity shares to the Investor Education and Protection Fund (IEPF) on April 27, 2026. The company submitted newspaper clippings of this notice to both BSE Limited and National Stock Exchange of India Limited as part of its regulatory compliance requirements.

Regulatory Compliance and Publication Details

The notice was published in two newspapers on April 27, 2026 - Business Standard (English) and Prajasakti (Telugu). Company Secretary and Compliance Officer D Rajasekhara Reddy signed the communication to stock exchanges, confirming the publication of the IEPF transfer notice.

Parameter: Details
Publication Date: April 27, 2026
Newspapers: Business Standard (English), Prajasakti (Telugu)
Stock Exchanges Notified: BSE Limited, National Stock Exchange of India Limited
Company Secretary: D Rajasekhara Reddy

IEPF Transfer Requirements

Pursuant to the provisions of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the Final Dividend for the Financial Year 2018-19 has remained unclaimed for seven consecutive years and is now due to be transferred to IEPF. The corresponding equity shares in respect of which dividend has remained unclaimed for seven consecutive years shall also be transferred to the IEPF following prescribed procedures.

Impact on Shareholders

The company has issued individual notices to concerned shareholders, with details available on the company's website at https://www.avantel-in/investors/ . Shareholders should note the following implications:

For Physical Holdings:

  • Duplicate share certificates will be issued for transfer to IEPF
  • Original certificates shall stand cancelled

For Demat Holdings:

  • Demat accounts will be debited for shares liable for transfer to IEPF

Critical Deadline and Recovery Process

Shareholders must claim their unclaimed dividend on or before August 9, 2026. After this deadline, the company will transfer both the dividend and corresponding shares to IEPF without further notice. No claim shall lie against the company in respect of such transferred amounts or shares.

However, shareholders may subsequently claim the transferred amounts and shares from the IEPF Authority by filing Form IEPF-5 online and submitting required documents to the company's nodal officer.

Service Provider: Details
Registrar and Share Transfer Agent: KFin Technologies Limited
Address: Selenium Tower B, Plot No. 31-32, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad - 500032
Contact: Toll Free: 1800-3094-001
Email: einward.ris@kfintech.com

This regulatory action demonstrates Avantel Limited's compliance with IEPF regulations while providing shareholders with clear guidance on claiming procedures and deadlines.

Historical Stock Returns for Avantel

1 Day5 Days1 Month6 Months1 Year5 Years
-0.73%-4.90%+20.99%-13.43%+35.22%-22.68%

What percentage of Avantel's total shareholding will be transferred to IEPF, and how might this impact the company's ownership structure?

Could this significant unclaimed dividend transfer indicate underlying issues with Avantel's shareholder communication or investor engagement practices?

How might the transfer of equity shares to IEPF affect Avantel's voting dynamics and corporate governance decisions going forward?

Avantel Limited Publishes Audited Financial Results for Q4 and FY26

1 min read     Updated on 27 Apr 2026, 12:51 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Avantel Limited published audited financial results for Q4 and FY26 ended March 31, 2026, following board approval on April 26, 2026. The results were published in Business Standard and Prajasakti newspapers on April 27, 2026, showing total income from operations of ₹26,91,537.08 for Q4 and ₹1,06,61,022.99 for FY26, in compliance with SEBI listing regulations.

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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.

Parameter: Details
Board Meeting Date: April 26, 2026
Publication Date: April 27, 2026
English Newspaper: Business Standard
Telugu Newspaper: Prajasakti
Reporting Period: Quarter and Year ended March 31, 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.

Particulars: Quarter Ended March 31, 2026 Year Ended March 31, 2026
Total Income from Operations: ₹26,91,537.08 ₹1,06,61,022.99

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.

Historical Stock Returns for Avantel

1 Day5 Days1 Month6 Months1 Year5 Years
-0.73%-4.90%+20.99%-13.43%+35.22%-22.68%

What strategic initiatives will Avantel Limited implement to accelerate revenue growth beyond the current ₹106.61 crores annual run rate?

How might Avantel's Q4 performance trends impact investor sentiment and stock valuation in the upcoming quarters?

Will Avantel consider expanding its operations beyond Andhra Pradesh and Telangana to capture larger market opportunities?

More News on Avantel

1 Year Returns:+35.22%